North Advisory Accountancy Blog | North Advisory - Part 21
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    North Advisory Accountancy Blog

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    Nurses, midwives and direct carers – tax deduction guide

    Posted July 18, 2016 by North Advisory

    It’s the start of the new financial year, which means that it’s a good time to review the common tax deductions for employees in specific industries and occupations in order to maximise tax deductions and get into good record-keeping habits at the beginning of the new financial year.

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    Getting your contributions in before 30th June 2016

    Posted June 28, 2016 by North Advisory

    If you’re wanting to make contributions into your SMSF you will need to act quickly to get these in before the 30th June 2016. This is important if you want to make the contributions by EFT as it may take a day for the contributions to hit your SMSF bank account.

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    Small business CGT concessions

    Posted June 17, 2016 by North Advisory

    If you are running a small business, pass the aggregated $2 million turnover test or pass the $6 million net asset value test, you may be entitled to the Small Business CGT Concessions when you sell active business assets.

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    Flaws in the new superannuation proposals

    Posted June 17, 2016 by North Advisory

    The link below provides a good insight as to what professional bodies are doing in regards to the proposed superannuation changes.

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    Selling property over $2 million – new rules apply from 1 July 2016

    Posted June 15, 2016 by North Advisory

    As part of the governments focus on strengthening our foreign resident capital gains tax (CGT) regime, new rules will soon apply to sales of Australian real property with a market value of $2 million or more.

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    Your SMSF might be at risk

    Posted June 10, 2016 by North Advisory

    SMSF trustees should brace for a change in the way their accountant deals with them in regards to their Self Managed Superannuation Fund after the 1st July 2016.

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    ASIC issues warning to accountants

    Posted June 8, 2016 by North Advisory

    The accountants exemption expires on the 1st July 2016 and accountants will be breaking the law if they provide advice on SMSF’s without an AFSL.

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    Extension given to comply with the LRBA safe harbour provisions

    Posted June 6, 2016 by North Advisory

    The ATO has announced that the date for making sure LRBA related party loans comply with the new safe…

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    Common ways to purchase property in your SMSF

    Posted May 20, 2016 by North Advisory

    There are a number of ways you can purchase property through your SMSF.

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    Collectibles – time is running out

    Posted May 2, 2016 by North Advisory

    If your SMSF has collectibles that were purchased before 1st July 2011, time is running out to make sure these assets comply with the new requirements. The new rules come into play on the 1st July 2016.

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