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North Advisory Accountancy Blog

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What Can my SMSF Invest In

Posted September 9, 2016 by North Advisory

The benefits of having a SMSF is you have the power to make the investment decisions. You have freedom to select investments that you think…

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Are you allowed to take your SMSF overseas?

Posted September 7, 2016 by North Advisory

There is unprecedented growth in the SMSF sector and the question I sometimes get is whether an existing SMSF can still operate if its trustees…

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When Can I Access my Super

Posted September 6, 2016 by North Advisory

Super is generally there for your retirement. Once you have met your preservation age and retire you’re able to access your super. Generally, you can…

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Managed portfolios vital for SMSF diversification

Posted September 5, 2016 by North Advisory

International managed portfolios are vital for self-managed super funds to diversify their portfolios, according to head of marketing and distribution at HUB24, Wes Gillett. Carrying…

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Cabinet Makers – ATO Benchmarks

Posted August 26, 2016 by North Advisory

Continuing our review of ATO benchmarks, we review the performance benchmark rates for businesses in the cabinet makers industry. Businesses in this industry typically manufacture…

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Electrical services – ATO benchmarks

Posted August 22, 2016 by North Advisory

Benchmarks are one of the indicators that the ATO uses to identify businesses for review or audit. The ATO releases performance benchmark rates each year…

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Airport Lounge Memberships

Posted August 4, 2016 by North Advisory

Airport lounge memberships deductible A recent tax determination has confirmed that the annual membership fee for airport lounges is deductible if the membership holder has…

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The Re-Contribution Strategy is still Attractive

Posted July 28, 2016 by North Advisory

On the 3rd May 2016, the federal government announced an immediate cut to the non-concessional contribution limit. The cap is now a lifetime limit of…

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Superannuation Tax Lodgement and Payment Dates

Posted July 27, 2016 by North Advisory

The following dates highlight key superannuation related tax lodgement deadlines approaching in the next few months. The list of key dates is not comprehensive and…

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Teachers Tax Deduction Guide

Posted July 18, 2016 by North Advisory

Continuing our series on tax deductions for employees in specific industries, the following are common deductions for teachers. Car expenses • You can claim deductions…

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