Poole Group » SMSF

OUR OFFICE IS CLOSED – 6th December 2019

Shannon Cook — Wed, 04 Dec 2019 22:56:55 +0000

Our Poole Group office will be closed the 6th December 2019, to allow all our staff to participate in our Christmas Activities. We will have an answering service which will be able to take messages which we will respond to when we return to our usual working hours on the 9th December 2019. We thank

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Super Fund Lookup – SMSF Status

Paul Lewty — Mon, 23 Sep 2019 01:07:59 +0000

SMSF status to change on Super Fund Lookup if the annual return is lodged late ATO have stated from 1 October 2019 if the SMSF return is overdue more than two weeks on any annual return and hasn’t requested a lodgement deferral they will change their status on Super Fund Lookup (SFLU) to ‘Regulation details

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Is your SMSF investment strategy meeting diversification requirements?

Christine Benson — Fri, 06 Sep 2019 00:15:12 +0000

A new Australian Taxation Office Campaign As part of their latest campaign, the Australian Taxation Office (ATO) is contacting Self Managed Super Fund (SMSF) Trustees directly where 90% or more of their SMSF’s investments belong to the same asset class (Eg. property). Please note that this correspondence is being sent directly to the SMSF’s business

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Generation Wealth Gap

Sharon Coleman — Mon, 19 Aug 2019 03:38:24 +0000

If you read the business pages of the newspaper, you may have seen the term ‘inter generational wealth transfer’ starting to appear more frequently. That’s because an estimated $3 trillion of wealth is predicted to change hands over the next two decades, from households of Australians age 55+ to younger generations.[i] This represents a massive shake-up

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New Scam Alert

Christine Benson — Fri, 02 Aug 2019 03:43:40 +0000

We have been made aware of a new scam that appears to be targeting SMSF Trustees. In this instance, a caller purporting to be from the ATO made contact with an SMSF Trustee advising them that they had been underpaid by the ATO and were owed an additional $180.00. To receive this refund, they needed

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SMSF Post-Election Update

Christine Benson — Tue, 11 Jun 2019 03:52:33 +0000

SMSF Post-Election Update With the Federal Election called in favour of the Liberal Party, SMSF Trustees are likely to be spared from some of the more significant changes that were proposed by the Opposition Leader in the May Budget. The proposed change that perhaps gained the most media attention, and the one that we received

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Franking Credits Proposal

Kirk Jarrott — Mon, 11 Feb 2019 23:45:04 +0000

Hot Election Topic explained – Franking Credits Proposal What is the proposal? The House of Representatives Standing Committee on economics has announced an inquiry in the implications of removing refundable franking credits. The inquiry is going to report on the use of franking credits and who franking credits support and who would be impacted if

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ATO Text Messages

Shannon Cook — Wed, 14 Nov 2018 02:19:13 +0000

Australian Taxation Office Text Messages Over the last week we have been contacted by some concerned clients who have received ATO text messages. The ATO recently advised they will contact taxpayers via text message for overdue form lodgements or overdue payments of GST or Income Tax. However, the ATO will never ask you to respond via

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5 Estate Planning tactics to preserve Family Wealth

Kirk Jarrott — Fri, 09 Nov 2018 04:30:41 +0000

Over the years we have witnessed first-hand what can happen when a client’s Estate Plan hasn’t been structured correctly. We think it’s important to preserve the Family Wealth and pass assets onto future generations, below are 5 key points to think about and act on. Start with a Structure review Assets can be held in

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Smart ways to ease yourself into retirement, pay less tax and boost your Super

Shannon Cook — Thu, 26 Jul 2018 23:54:41 +0000

Two things first up: (1) If you want to (or have to) work past the age of 55, you need to read this article; or (2) If you know someone else who that applies to, please forward them this article or a link to it. They’ll thank you for it. There are now ways you

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