Are you ready to maximise your superannuation contributions under the new changes commencing 1 July 2022? Significant updates are set to enhance the way you grow your retirement savings. Cordner Advisory, located in Broadbeach, Gold Coast, is adept at guiding you through these superannuation reforms. Partner with us to capitalise on the full potential of your retirement planning.

With the end of the financial year fast approaching, now is the perfect time to make some final checks and ensure everything is in order for your SMSF before 30 June.

From 1 July 2021, the concessional and non-concessional contribution caps are set to increase due to indexation for the first time ever since July 2017.

If your SMSF has a related party loan and is impacted due to the financial effects of COVID-19, you may be able to provide your LRBA with relief under an agreed commercial arrangement.

The time to make a decision regarding who the trustee of your SMSF should be is…

The funds that will receive the letters are those SMSFs that hold 90% or more of their investments in one asset of a single asset class.

Taxes are a part of life, but the fact that it is also a part of death is not much thought about, or discussed, or planned for.

As we approach 30 June, there are a few things to remember… and check… when it comes to superannuation contributions.

The world is changing and, as it changes, everyone who doesn’t adapt are left behind. This is very true when it comes to interacting with and accessing information electronically.

ATO has an escalation process for late lodgement of BAS returns, with the first step being a notice to the business owner and the last step being a summons to court. SMEs should also be aware that as the process escalates, it can trigger an audit.