Exceeding contribution caps – how is it taxed?
Should an individual exceed their concessional contribution cap, the excess contributions are included in their income tax return and taxed ...
Class software for SMSF administration and online client access
The SMSF Accountant uses specialised software to assist with SMSF administration and accounting. This software is called "Class". Class software means that ...
SuperStream and SMSFs explained
What is SuperStream? SuperStream is a government reform aimed at improving efficiency of the superannuation system. Under this system, SMSFs ...
2015/2016 Contribution Limits
For the 2016 financial year, commencing 1 July 2015, the concessional contribution cap (limit per member) is $30,000. For individuals ...
2015/2016 Super Guarantee
The Super Guarantee (SG) percentage for the 2016 financial year remains the same at 9.5% Subject to any further government ...
Deeming rules changes and rate changes effective 1 January 2015 and 1 March 2015
As of 1 January 2015, the normal deeming rules were extended to superannuation account based income streams. This means that ...
