August Update

They say that education comes with a cost, but that ignorance can cost you more. Self education is certainly worthwhile considering, especially as there can be tax breaks for the right sort of training.

SMSF trustees are generally family or friends, but that doesn¹t mean there won¹t be arguments along the way to greater wealth, so we take a look at how to best settle disputes. Another prompt for dispute is between deceased estate beneficiaries if a will doesn¹t satisfy expectations, so we examine how this can (sometimes) be rectified.

We also touch upon catching up on GST credits that have slipped through the cracks, and the exclusion clause the ATO has up its sleeve to deny a claim for a business loss.

Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.