SMSF Compliance Checklist: Meeting Your Annual ATO Obligations is the first thing every SMSF trustee of a Self-Managed Super Fund should keep close at hand. With the Australian Taxation Office (ATO) watching closely, missing even one deadline or record can result in penalties that chip away at your retirement savings. Managing your own super fund…
Month: July 2025
Avoiding Excess Contributions Tax: Bookkeeping Tips for Superannuation
Avoiding Excess Contributions Tax is a top concern for many Australians, especially when it comes to managing superannuation. Exceeding the contribution caps can mean paying extra tax and seeing your retirement savings take a hit. With clear, practical bookkeeping, you can keep your super fund on track and avoid costly mistakes. This article explains how…
Division 7A Loans: Bookkeeping for Compliant Interest Rate Calculations in Australian SMEs
Staying on top of the Division 7A Loans: Bookkeeping for Compliant Interest Rate Calculations in Australian SMEs rules keeps private companies clear of unexpected tax, protects cash flow, and builds confidence that every loan to a shareholder is handled at the correct div 7a interest rate.Division 7A Loans: Bookkeeping for Compliant Interest Rate Calculations in…
Section 100A and Trust Distributions: Bookkeeping and Compliance Tips for Australian SMEs
Section 100A and Trust Distributions: Bookkeeping and Compliance Tips for Australian SMEs is a vital guide for small and medium enterprises (SMEs) using discretionary trusts to manage trust income and capital gains while meeting their obligations under the Income Tax Assessment Act. With the rules around trust distributions becoming more complex, especially under Section 100A,…
