by LBWCA | Sep 2, 2016 | Personal Wealth, SMSF
Following from last month’s newsletter article we can confirm that both Houses of the Parliament have passed the budget changes and now we are just waiting on Royal Assent (which is just a mere formality) before the legislation will be enacted from 1 July 2017. The...
by LBWCA | May 1, 2016 | Estate Planning, Personal Wealth
More often considered in a wider sense as Estate Planning but equally as often overlooked or misunderstood. Whilst Death Duty or Death Tax was abolished in Australia in 1979 it does not mean that substantial unintended tax liabilities cannot still arise on the passing...
by LBWCA | Apr 13, 2016 | Personal Wealth, SMSF
As mentioned in the April 2016 newsletter, the Federal Government proposed to make a number of changes to Superannuation in the 2016/17 Budget. After negotiations with Labor, and taking into account the concerns of a number of backbench party members, the Government...
by LBWCA | Mar 15, 2016 | Estate Planning, Personal Wealth
If the need for residential aged care is nearing, following these five steps will help you make a smoother transition. 1. Get your eligibility assessed Before you can enter an aged care facility and receive Government support, your health situation must be assessed by...
by LBWCA | Mar 5, 2016 | Individual Tax Returns, Personal Wealth
Here are some quick tips for you to consider after you reach 30 June , when you have time to breath and consider how your business is going: 1) Do a financial health check of your business (balance sheet review)2) Revisit your strategic plan3) Draw up a budget for the...
by LBWCA | Feb 20, 2016 | Personal Wealth, SMSF
This is a reminder for everyone to check prior to 30 June 2016: Concessional Contribution – Check that you haven’t breached the $30,000 employer contributions limit (or $35,000 if you are over 50 years) if you have been salary sacrificing into super. If you do...
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