The argument for moving to fixed-fee billing

The argument for moving to fixed-fee billing

Are you thinking of moving to a fixed-fee pricing structure? The term ‘fixed fees’ is often thrust forward as the answer to everything – the holy grail of new-age billing, or the path to happier clients and more satisfied staff. So what are the real benefits of joining the fixed-fee ranks? If you have experienced […] … Read More

Fishing crew members not employees; as engaged in joint venture

Fishing crew members not employees; as engaged in joint venture

The Administrative Appeals Tribunal has held that fishing crew members on a commercial fishing vessel were not “employees” at common law or under the extended meaning of that term in s 12(3) of the Superannuation Guarantee (Administration) Act 1992 (SGAA). As such, the taxpayer company was not required to make superannuation contributions in respect of the crew […] … Read More

Choosing a financial planning partner

Choosing a financial planning partner

Offering financial planning services gives clients a holistic view of their financial position, now and into the future. But entering into a partnership with another firm is not a step to be taken lightly. What should you look for in a financial planning partner to help make the relationship a success? For accounting firms, the […] … Read More

Can an SMSF invest in a Marina Berth as “business real property”?

Can an SMSF invest in a Marina Berth as “business real property”?

Some trustees of self-managed superannuation funds (SMSFs) with experience in the boating industry have identified marina berths as a counter-cyclical investment opportunity to help meet their SMSF’s retirement income objectives. This begs the question – can an SMSF acquire a marina berth? In short, there is nothing specific in the SIS legislation to prevent a […] … Read More

History of SMSFs traced back almost a century

History of SMSFs traced back almost a century

While the modern self-managed superannuation fund (SMSF) emerged in October 1999 from the former regime for “excluded” funds (ie funds with fewer than 5 members), the history of SMSFs has been traced back possibly as far as 1915. Freelance journalist Michael Laurence has conducted an “archaeological dig” of Thomson Reuters tax legislation resources to discover […] … Read More