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16
Jan

2018

HOW TO BRING DOWN SMSF AUDIT FEES - 5 WAYS

Have your ever felt burdened by SMSF? Not every time! However, during the time of the year when your fund has to undergo an annual compliance and financial audit, the fees can be overwhelming and seem to pole-vault up your head! One of the biggest duties...
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28
Dec

2017

5 ACCOUNTANTS FROM EARLY AUSTRALIA - PART2

This post is a continuation to the previous one, where we opened discussion towards the life, career, and accomplishments of great accountants in the history of Australia. You can read that post by clicking...
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19
Dec

2017

5 ACCOUNTANTS FROM EARLY AUSTRALIA - PART1

This post is dedicated to remembering the pioneers of Accounting in Australia. Stay with us while we pull out the names of 5 accountants from the bygone era! Early accountants in Australia were pivotal in shaping the Australian economy. They used sharp...
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04
Dec

2017

5 MAJOR POINTS TO CONSIDER WHEN OUTSOURCING SMSF

If you’re a CA or an accounting firm, stuck in a rut with operational overheads and inflating costs, you’ve got to read this post. You may think we’re going to iterate the same old, but answer this: do you want to save money? Or perhaps...
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26
Oct

2017

NEW FEE DISCLOSURE RULES - INVESTMENT STRATEGIES SET TO CHANGE

What do you think of the new fee disclosure rules in AISC’s new regulation Guide 97 (RG97)? Well Matt Linden from ISA feels these new fee disclosure rules will “negatively impact both, member returns and the capacity of Australian super funds...
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20
Oct

2017

THE NEED FOR OUTSOURCED SMSF ACCOUNTING SERVICES

Velan Super delivers top-notch and reliable SMSF accounting services to accounting firms and chartered accountants, all over Australia. We combine trusted expertise and quick TAT to deliver stellar results time and again. Read on to discover our ...
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28
Sep

2017

15 SMSF UPDATES REQUIRED FOR THE 2017 BUDGET

It’s been a decade since Simple Super was introduced in 1st July 2007 and since then, we unanimously agree to have never ever seen such significant changes in superannuation!How will this impact you? What are the updates required as per the recent...
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12
Apr

2017

HOW TO MANAGE YOUR DEBTS EFFECTIVELY BEFORE IT GETS OUT OF HAND

Factually, Australians have debt over $38 billion in the form of credit cards, which makes about $4,900 for every card holder. Additionally, if you own more than one credit card your burden can be multifold. If this is you, you must be saddled with a lot...
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06
Apr

2017

SUPER CONTRIBUTIONS AND THE 30% TAX

SUPER CONTRIBUTIONS AND THE 30% TAX Any contributions made to the superannuation with which you claim a tax deduction is again subject to super contributions tax. Contributions in which tax deductions have been claimed are...
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28
Mar

2017

ACCESS SUPER BY CONTINUE WORKING AFTER 60 YEARS

If you are an Australian and a senior person, you would definitely want to know the facts about your working status after retirement and after getting an access to your Super. Well, you are not alone. This is a million dollar...
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02
Mar

2017

5 Easy Steps to Setup your Own SMSF

We have already discussed on the pros and cons of people setting up their own SMSF. If you have convinced yourself to set up your SMSF on your own, worry not help is at hand. Read on to know the easy 5 steps to setup your own SMSF. Amass...
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02
Mar

2017

Pros and Cons of Setting-Up Your Own SMSF

Are you this person, who is not satisfied with the way your super funds are being managed? We hope you know that your control is not impaired and you can still take up matters in your own hands. Just so you know majority of...
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20
Feb

2017

How to Prepare for an SMSF Audit

One of the main responsibilities you have to fulfill as an SMSF trustee is to make sure that you audit your funds and accounts every year as required by the ATO and the Australian government. We hope you are aware that it will incur huge penalties if you...
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