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11/09/2017

New profit centre for Accountants and Financial Advisers: Setting up a business structure

New profit centre for Accountants and Financial Advisers: Setting up a business structure This week is you setting up business structures for your clients. We have seen a 400% increase in Family Trusts and Unit Trusts being built on our website over the last 12 months. Baby boomers are refusing […]
25/08/2017

New profit centre for Accountants and Financial Advisers: Estate Planning

  New profit centre for Accountants and Financial Advisers: Estate Planning I hope you enjoyed last week's new area of practice: updating SMSF Deeds.  This week's new profit centre is Estate Planning. Some people incorrectly believe that Estate Planning is about a lawyer making a Will. I have prepared an […]
05/08/2017

Influencer Marketing for Accountants and Financial Planners

Why Accountants & Advisers need Peer Index/Peer Influence Peer index and Peer influence are two related but slightly different things. A Crowd Tap report: The Power of Peer Influence highlights that “Influencer marketing is one of the hottest topics in marketing today”. Legal Consolidated enables Accountants & Financial Planners' voices to […]
30/06/2017

Threat to overseas holidaymakers – SMSF’s risk 49% tax

For an SMSF to be a complying SMSF, it must satisfy the 3 residency tests. One of those tests is that central management and control of the SMSF remains in Australia. The ATO allows SMSF members to leave the country for up to 2 years. But if a member leaves […]
29/06/2017

Life estates for your family home are silly

  Life estates are silly and old fashioned. You should instead leave everything as a percentage. If you want to benefit one particular person then increase their percentage. Therefore, your Residuary Beneficiaries will work out what they want to do with your estate. Life estates are just a prison sentence. […]
30/05/2017

Transitional rules to reset the cost base of assets that support pensions and TRIS in SMSFs using the proportionate method

Transitional rules to reset the cost base of assets that support pensions and TRIS in SMSFs using the proportionate method Introduction Under the reforms to superannuation that come into effect from 1 July 2017 anyone that has an amount exceeding $1.6 million of superannuation in pension phase will need to […]
19/05/2017

Stamp Duty when Transfer property from Unit Trust to SMSF?

Stamp Duty when Transfer property from Unit Trust to SMSF? What happens when you transfer your property from your Unit Trust to your Self-Managed Superannuation Fund? Surely there is no stamp duty. After all, it is just you transferring the property from you to another you? Sadly, the Court said […]
07/05/2017

Accountant disrupts $3b debt collecting industry

Now the Adviser and Accountant does debt collecting Many businesses don’t have the time and resources to recover debts. Often they are too hard to collect. As accountants well know, over $3b of debt is written off every financial year in Australia. The debt collection industry is under the clutches […]