Navigating EOFY 2023: Essential Tax Deductions for Australian SMEs
Tax time is almost here, and the Australian Taxation Office (ATO) has made some important updates for EOFY 2023 that will affect small and medium-sized businesses (SMEs) in Australia.
A key guide to set up and managing self managed super funds (SMSF)
Setting up and managing your own Self Managed Super Fund (SMSF) is an exciting way to take on more control of your long-term financial security. The power of a SMSF lies in its ability to offer you the flexibility and autonomy needed to make decisions for yourself, as well as tax effective investment options that may not be available within retail or industry superannuation funds...
How can salary sacrifice benefits enhance your financial situation?
Are you looking to supercharge your financial situation and uncover new avenues for growth? If so, you have come to the right place. In this comprehensive blog, we, at CleanSlate, a leading online accounting and bookkeeping service provider will delve into the world of salary sacrifice benefits and show you how it can enhance your financial well-being.
The Dos and Don'ts of SMSF property investment: A beginner's guide
Investing in property through Self-Managed Super Funds (SMSFs) is not a decision to be taken lightly. As one of the most popular strategies used by Australians, it’s important to have a thorough understanding of the potential advantages and risks associated with investing in property via an SMSF...
SMSF Compliance and the ATO: What you need to know?
Having a self-managed super fund (SMSF) comes with many responsibilities, and one of the biggest is meeting your compliance obligations to the Australian Tax Office (ATO)...
How to use SMSF Borrowing to diversify your investment portfolio?
In the ever-evolving landscape of finance and investment, finding effective strategies to diversify one's portfolio has become an essential goal for astute investors...
The risks of an inadequate SMSF investment strategy
In the ever-evolving world of finance and investment, self-managed superannuation funds (SMSFs) have gained significant popularity among individuals seeking greater control and flexibility over their retirement savings...
5 common SMSF tax return mistakes to avoid in 2023
Preparing and submitting a Self-Managed Superannuation Fund (SMSF) tax return can be a complex task that requires careful attention to detail. With the ever-evolving tax laws and regulations, it's crucial for trustees and members of SMSFs to stay informed and avoid common pitfalls...
The importance of estate planning in self-managed super funds (SMSFs)
In the realm of self-managed super funds (SMSFs), estate planning holds a pivotal role in securing your financial legacy and protecting the future of your loved ones...
Achieving financial independence: How to set up an SMSF in 8 steps?
In today's fast-paced world, taking control of your financial future has become more important than ever. An SMSF offers a unique opportunity to gain autonomy over your retirement savings, enabling you to make informed investment decisions tailored to your specific goals...