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ATO Update (September 2023)

Date: September 5, 2023
Categories: Monthly Update
Checking for charges over property assetsSelf-Managed Super Funds (SMSF) auditors should ensure there are no charges over fund assets as part of completing an annual fund audit.You should obtain evidence annually that trustees have not given a charge over or in relation to a fund asset by see ...
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Superannuation death benefits – TBC Review

Date: September 5, 2023
Categories: Superannuation
In the realm of Self-Managed Superannuation Funds (SMSFs), the Transfer Balance Cap (TBC) stands as a pivotal player. This cap, which sets limits on the amount of capital transferrable to the retirement phase of super, has undergone dynamic changes since its inception on 1 July 2017. Most notably, o ...
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Venture Capital: Fuelling Innovation and Entrepreneurship

Date: September 5, 2023
Categories: Financial Planning
In the world of business and innovation, Venture Capital (VC) plays an important role in helping startups and new companies grow. It helps as a motivating force behind tech advancements, new jobs, and economic growth.Venture Capital means a form of private equity funding that investors give to start ...
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Cloud Accounting Software

Date: September 5, 2023
Categories: Business Service
Cloud Accounting Software has become an invaluable tool for accountants, transforming financial processing with its accessibility, collaboration, automation, and real-time reporting capabilities. By embracing this technology, accountants can streamline their workflows, improve efficiency, and provid ...
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Don’t process your own payroll for the following reasons

Date: September 5, 2023
Categories: Bookkeeping
You may think that doing your own payroll for a few staff can save money, but you should save time for your business.Time Taking Task:Obviously, if you are from a non-finance background then you need to spend more time to calculate the work hours, and deductions, setting up the pay in the Ban ...
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