A key benefit of having your super in a SMSF is that you can choose who ultimately benefits from particular assets within your fund when you die.
How to direct particular super assets to particular beneficiaries
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Catherine Fairlie
Catherine assists families and businesses in a range of areas, including estate planning, commercial agreements, family disputes and setting up entities.
What the doctor ordered: dealing with employee medical records
We are often asked what rights an employer has to require their employees to undergo a medical assessment or provide their medical records. The answer is usually not straightforward, as there are some serious personal and privacy issues to consider. The question comes down to striking a balance.
Is it worth transferring your home to your spouse?
Is it worth transferring your home to your spouse before going into business?
Telecommunications Leases – are you getting a raw deal?
Have you been approached by a telecommunications carrier that is interested in putting a tower or other structure on your land? How do you know if the deal you are being offered is fair?
What do I need to know about setting up a Public (or Private) Ancillary Fund?
An ‘Ancillary Fund’ is a special type of trust that can be used to collect and distribute donations for charitable purposes. The Fund can be set up through a trust deed while you are alive, or through your Will. Importantly, the Fund does not undertake charitable work itself, but can be used as a collection point to pool donations and then distribute them to charities and causes, as decided by the trustees.
Accountants now liable for Fair Work breaches made by clients
The Fair Work Ombudsman has won its first case against an accountant being ‘knowingly involved’ in the workplace breaches of his client. The accountant could now face up to $357,000 in penalties, as though he committed the breaches himself. Find out what you can do to avoid this problem.
What’s the best structure for my startup?
When asked what structure to use, we like to apply several key principles and ‘rules of thumb’ to get the right answer.
Some less obvious observations about the 1 July super changes…
As most people now know, from 1 July 2017 the amount a super fund member can have in a pension account will be capped at $1.6 million. There has been a lot of general commentary on these changes, but little deeper analysis of the details.
Forcing a sale of a property in South Australia
Deciding to purchase property with another person is likely to be one of the most significant financial decision you may make in your lifetime.
Unfortunately, things do not always go to plan and it may be the case that one of you wants ‘out’.
ESS – The ‘start-up’ concession
What is the ESS ‘start-up’ concession and how do employees qualify for it? If you are receiving shares or share options from your employer, you need to know how and when they will be taxed. This article covers when an employee is eligible for the ESS ‘start-up’ concession to reduce the tax they must pay.
ESS – How do you work out the ‘discount’ when you grant an interest under an ESS?
When setting up an ‘employee share scheme’ (ESS), employers often grapple with the tax implications of issuing ESS interests. However, these concerns only arise if there is a ‘discount’ at the time the ESS interest is granted. Working out if there is a discount, and what the extent of the discount is, are therefore two critical threshold questions.
ESS – Qualifying for ‘deferral’ of the taxable discount
How do you qualify to defer any tax otherwise payable on shares and options acquired under an employee share scheme? When does the deferral come to an end?
I want to set up a charity to raise money for people overseas. Where do I start?
If you want to do charitable work or raise funds to help people living overseas, you should carefully consider your options to make sure your aid is targeted to where it’s most needed.
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