The place for alternative investments in SMSF portfolios

The concept of alternative investments encompasses a mix of assets and strategies that sit on the peripheral of traditional asset classes such as shares, property and cash. An attraction associated with alternative investments is their ability to deliver portfolio diversification — and hence potential risk abatement. The place for alternative investments in SMSF portfolios While

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Access to your clients’ myGov communications

The ATO is encouraging tax practitioners to consider incorporating as part of their routine a daily check of their clients’ myGov communications. Access to your clients’ myGov communications. The ATO says practitioners can access communications that it has sent via the ATO’s client communication list (CCL) in the tax agent and BAS agent portals. “You

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FBT 101 — and some common mistakes

If a business provides certain benefits to staff, or their associates, the business taxpayer may be up for fringe benefits tax (FBT). But there seems to remain ongoing misconceptions, or at worst misinformation, among many in business about the exemption or otherwise of certain benefits provided to employees. FBT 101 — and some common mistakes

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Assessing the super system’s performance, according to the PC

The Productivity Commission (PC) has finalised its comprehensive report to assess the efficiency and competitiveness of Australia’s $2 trillion superannuation system. You can download the complete paper here (although it’s 3,142KB — click here for the 646KB executive summary). Assessing the super system’s performance, according to the PC The PC points out that the superannuation

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Substantiation exception for travel allowance claims: What needs to change

One of the issues that Tax & Super Australia finds frequently raised by members is the tax treatment of work related travel expenses, as well as the reliance on the “reasonable amounts” prescribed by the Commissioner. Substantiation exception for travel allowance claims: What needs to change Last month we put out a “call to arms”

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