Being involved in Self-Managed Super Fund (SMSF) allows the members and the trustee to be take control of their retirement funds and manage it for their own benefits.Generally, being the trustee of an SMSF is accompanied with many responsibilities.To ensure your SMSF and retirement funds are running under a compliant model, you are encouraged as a trustee to constantly review and update the SMSF’s investment strategy to ensure an adequate level of funds at retirement.

Accounting

April 30, 2023

Family Trusts are discretionary trusts that have the ability to choose to whom their income goes provided you meet the right conditions from a trust deed and tax perspective.Generally, they exist as a holder of property, business assets or as the vehicle for holdings in other trusts or companies (to name a few examples) on behalf of others, usually a family group, for their benefit.They distribute the income of those holdings every year, with that distribution being required to be declared by June 30 of each year.

Accounting

July 13, 2023