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  1. Support grows for $5m super balance cap

    Superannuation Trustees (AIST) similarly called for a $5 million limit on total super balances in its pre-budget submission last month. “The current level of lifetime government support provided through the retirement income system is heavily weighted...

  2. Supply, demand patterns for firms creates 'interesting dynamic'

    of market to look at an external exit, because there’s a ready market.” Mayflower director Sarah Penn said this might not last over the long term, however, with a lot of Baby Boomers looking to retire over the next 10 years. “Everyone’s been talking...

  3. Supply chain problems, skills shortages stifle SME rebound

    33 per cent of SMEs [are] expecting a stronger Australian economy over the next three months, compared to only 20 per cent last month,” he said. “However, growth aspirations are being impacted as more than 58 per cent of SMEs report supply chain issues...

  4. SuperStream delay causes ATO concern

    “It is important trustees get in place the arrangements sooner rather than later and certainly don't leave it until the last minute,” Mr Hind said. “They are likely to run into problems with getting it completed on time, or not being able to implement...

    • Type: Article
    • Author: Staff Reporter
    • Category: Super

  5. SuperConcepts reveals key initiatives for 2023

    supported by SuperMate,” the SMSF service provider said. The web-based version of SuperMate officially launched in February last year and currently supports over 40,000 funds. Mr Forbes said the company was thrilled to be celebrating the one year...

  6. Super tax will haunt government: Spender

    legislation since its inception two years ago and led the charge of opposition in the Lower House during the government’s last term of office. “I think this is bad for Labor. The ability to run scare campaigns on taxation of unrealised gains means if...

  7. Super tax rebate gaining support

    rebate to be introduced, as a former Association of Financial Advisers president makes headway with government. In December last year, principal at Paramount Wealth Management, Wayne Leggett, said that instead of concessional contributions being...

    • Type: Article
    • Author: Katarina Taurian
    • Category: Tax

  8. Super returns on the up despite clients’ hesitation

    momentum had both helped returns hit the estimated 10.5 per cent – almost double the 5.6 per cent average seen over the last decade. This figure would also mark the sixth consecutive year of positive returns, the statement added. As a result of the 2016...

  9. Super Retail Group hands back $1.7m in JobKeeper subsidies

    and were claimed for staff at Macpac during the first phase of the program. Macpac had operated 72 stores by the end of last June. “From our team member and customer perspective, we just took the view that it was the right thing considering the scale of...

  10. Super objective for retirement income finally ‘locked in’, says SMC

    Members Council of Australia (SMC) congratulated the Senate and government on passing the Superannuation Objective Bill last Thursday. The bill was introduced into the House of Representatives in November 2023 and would be an important legislative...

  11. Super deductions emerge as leading tax planning strategy: ChangeGPS

    so far this year, with the deduction accounting for 71 per cent of recommended tax deduction strategies, up from 65 per cent last year, according to new research. ChangeGPS last week released a first-of-its-kind tax advice trends report which sampled...

  12. Super concessions tipped to change

    be good to get some certainty around the government’s intention." The government released its tax discussion paper in March last year after several months’ delay. The final white paper is expected to be delivered in the first half of this year.

    • Type: Article
    • Author: Katarina Taurian
    • Category: Tax

  13. Super balance cap would destabilise the system: TSA

    on superannuation back the agenda by highlighting the size of some self-managed funds and their cost to budget. In a speech last week Assistant Treasurer Stephen Jones said there were 32 self-managed super funds with more than $100 million in assets and...

  14. Suncorp faces class action over alleged conflicted remuneration

    remuneration using members’ funds. William Roberts Lawyers and Litigation Capital Management have followed up on intentions last month to bring a class action through the NSW Supreme Court against Suncorp Super. The class action will allege that Suncorp...

    • Type: Article
    • Author: Reporter
    • Category: Business

  15. Sun about to set on range of popular tax measures, ATO warns

    30 June 23. That’s where companies can, if they make current year losses, claim them against other income years over the last three years.” “I think it’s a useful one to support business.” One compensation in the budget is the implementation of the...

  16. Sukkar issues myGov warning to agents

    as the ATO resumes processing early access to super applications. Early release of superannuation applications were paused last Friday after the ATO and the Australian Federal Police were made aware of identity fraud that saw 150 people affected....

  17. Succession planning overlooked by family businesses, says EY

    Australian family businesses, according to a new report from EY. The report, Staying power: how do family businesses create lasting success?, launched by EY and Kennesaw State University’s Cox Family Enterprise Centre, surveyed 25 of the largest...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business

  18. Successful accounting firms embracing technology

    aims to shed light on technology adoption, current challenges, and strategic priorities for the upcoming year. Comparing Last Year's Goals with Current Priorities: As technology continues to reshape the accounting industry, embracing its potential...

  19. Success and happiness: The real gift to accounting firm coaches

    about how it feels. You know, we can ask our clients for example, how does it feel to earn four and a half times as much as last year, or in their entire life,” she said. “What does that even feel like? It’s not that I like tracking the numbers. I just...

  20. Subscription revenue drives strong Reckon results

    per cent of our international group are on subscription products too. Overall we were around 50 per cent of our businesses last year so it’s a huge achievement.” Mr Rabie said strong subscription revenue is important for the long-term future of the...

    • Type: Article
    • Author: Staff Reporter
    • Category: Business
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