For business owners who want financial security now and freedom in retirement, having a financial planner on the team is a must. A financial planner will create a customized, strategic action plan to help you achieve your personal financial goals. Getting to know you and your business inside out is the first step a financial planner will take to understand where you are now, where you want to go, and…  Read more

We’ve done it again! Petra has been shortlisted for the Australian Accounting Awards 2020, named as a finalist in the Australian Accounting Awards for Superannuation Specialist category. Accountants Daily’s Australian Accounting Awards showcases the industry’s most prestigious accolades recognising excellence across the entire accounting industry. The awards pinpoint professional development and innovation, showcasing both the individuals and firms which are leading the way in the industry.   Award recipients represent…  Read more

For business owners who want financial security now and freedom in retirement, having a financial planner on the team is a must. A financial planner will create a customized, strategic action plan to help you achieve your personal financial goals. Getting to know you and your business inside out is the first step a financial planner will take to understand where you are now, where you want to go, and…  Read more

Whilst generally SMSF cannot acquire assets from related parties, there are some exceptions. SMSF can buy property from yourself, but strict rules apply: It must be a business real (commercial) property. The property must be used wholly and exclusively in one or more businesses (not necessarily in your business). Being zone for business use is not enough. The property must be transferred at market value. If your SMSF pays less…  Read more

Can your SMSF borrow? The technical answer is no, however, since 2007 they are allowed to enter into limited recourse borrowing arrangements. If done right, and if you considered your investment strategy, the risks that come with borrowing, the sole purpose of your fund, then they can really help you get ahead. You should always start with reading your deed and considering what you are trying to achieve. Just because…  Read more