PRUDENCE – Sagacity. Wisdom. Protection.

  After your client dies, how does the accountant activate a Testamentary Trust? Taxing Testamentary Trusts Your deceased client may have had the foresight to provide their beneficiaries with the option of putting the inheritance into Testamentary Trusts. A Testamentary Trust is a trust contained in a Will. It is part […]

Divorce tax and Div 7A – an unholy alliance against your private company Divorce is exhausting. Disentangling from your spouse’s financial affairs is traumatic. If you are lucky you grab your money and run. Unfortunately, that's not the end of it. Div 7A divorce tax means more heartbreak for you. […]

Flexibility and control over your Employees Labour laws are skewed in favour of the Employee. How can Employers retain control? The Employer often relies on a number of Workplace Policies. Workplace Policies are rules for Employees. But are these Policies enforceable on the Employee? What if you change the Policies […]

Breaking up is hard to do. What happens to your SMSF when you divorce? Sophisticated couples love Self-Managed Superannuation Funds (SMSFs). There are over 500k SMSFs in Australia. Mostly Mums and Dads. The average balance is $1M. SMSF divorce, it's an unhappy matrimony. However, one in three marriages end in […]

Disputes in SMSFs Superannuation is money you lock away for your retirement. You can choose an industry, retail or self-managed fund. A third of Australian superannuation assets are in Self-Managed Superannuation Funds (SMSFs). If you have an SMSF, you keep control of your superannuation. But not for disputes in SMSFs. […]

Superannuation Death Duties - 32% tax on your Superannuation at death When Mum and Dad die, they want to leave money to their children. They spend their superannuation frugally to leave as much as possible in the fund. They nominate their children to get their super. Usually, when you and […]