It’s a common question that we are commonly asked: how much money do you really need to start an SMSF? Minimum Recommended Balance While there’s no legal minimum balance required to establish an SMSF, the Australian Securities and Investments Commission (ASIC) and the Australian Taxation Office (ATO) recommend a starting balance of at least $200,000. […]
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Tax time in Melbourne is often a stressful experience. With the right strategies and tax accountant Melbourne by your side, you can maximise your tax refund and ensure you’re getting every dollar you’re entitled to. Here are expert tips to help you get the most back from your tax return this and every other year.
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When most people think of an accounting firm, they think of tax returns and BASs. While that’s certainly part of our job, modern accounting firms offer a broad range of strategic services that can completely transform your financial position — whether you’re an individual, a business owner, or an investor. Here’s a closer look at
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Whether you’re planning for retirement or investing for the future, choosing the right financial advisor can have a lasting impact on your long term wealth. A good financial advisor Melbourne can help you set your goals, simplify decision-making, and set some direction — but with so many options available, how do you find the right
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Family trusts are a powerful tool for asset protection, tax planning, and wealth management in Australia. But while they offer many benefits, they can also come with complexities —particularly around distributions. Mismanaging these can result in serious tax consequences and even legal disputes. Having a competent business accountant Melbourne by your side, like Nobel Thomas,
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Receiving an inheritance can be both a blessing and in some circumstances a burden. While it can provide financial security or the opportunity to grow your wealth, it also can come with tax considerations that may require the use of an accountant Melbourne for careful tax planning. Whether you’ve inherited cash, property, or investments, the
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The superannuation guarantee rules are broad and, in some circumstances, extend beyond the definition of common law employees to some directors, contractors, entertainers, sports persons and other workers. Employers need to pay compulsory superannuation guarantee (SG) to those considered employees under the definition in the SG rules. But, the SG definition of an employee
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From 1 July 2026, personal income tax rates will change. On the last sitting day of Parliament, the personal income tax rate reduction announced in the 2025-26 Federal Budget was confirmed. The modest reduction of 1% applies to the $18,201-$45,000 tax bracket, reducing from its current rate of 16% to 15% from 1 July
If you’ve ever lodged a tax return in Australia, you would have received a document called a Notice of Assessment — or NOA. While it might not seem like a big deal at first glance, it’s actually one of the most important documents you’ll receive from the Australian Taxation Office (ATO). What Is a Notice
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Capital Gains Tax (CGT) rollover relief can be a valuable tool for business owners navigating the sale of their business. One key concept in accessing this relief is the “replacement asset”. But what exactly does this mean, and how can it help you defer paying CGT? Understanding CGT Rollover Relief CGT rollover relief allows you
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