Easy Super in Dee Why | Accountant

Easy Super

Locality: Dee Why

Phone: +61 1800 327 978

Address: 19 Selby Ave 2099 Dee Why, NSW, Australia

Website: https://www.smsfconsulting.com.au/

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25.01.2022 Building SMSF Accounting Business in Australia In this interview with our Director, Natalia Clack, she talks about the challenges she faced building her accounting business in Australia and the setbacks she had to overcome during her journey. #smsfaccountant #smsfauditor #easysuper #superconsulting #smsfestablishment #smsfinvestment #smsfaustralia

25.01.2022 When setting up the SMSF, I am obliged to provide a client with the SOA (statement of advice) and consider their personal circumstances and suitability of the SMSF for the particular client. Neither accountant can set up the SMSF without SOA. SOA is not just a document which costs you money. The adviser will discuss your particular circumstances and consider your particular goals providing the best solution for your super. I know that some people trying to save costs and usin...g the online providers to set up their SMSF. They are running a few risks including spending money on the financial vehicle which is not right for them and will cost them more money down the track, loosing the insurance and ATO cancelling the registration. This is what ATO is doing now: reviewing thousands of newly established SMSFs and cancelling some of them because they were established for a wrong reason. #smsf #smsfestablishment #easysuper #smsfexpert #smsfadviser #smsfadvice #superconsulting See more

24.01.2022 For whose who has applied and received COVID-19 early access to superannuation scheme. The ATO will now contact hundreds of people who have raided their retirement nest egg despite not meeting the prerequisite financial hardship. The pilot examination will see 130 ATO officers personally contacting people to confirm and prove they have met the eligibility requirements, including by having been made redundant or seeing their working hours reduced by 20 per cent or more.

24.01.2022 Q&A Monday: will the financial subscriptions and financial course be deductible in the Self Managed Super Fund? Watch the answer below. #smsf #easysuper #superconsulting #smsfexpenses

23.01.2022 My Friday reading news from yesterday. If the bill to increase number of SMSF members will pass the parliament, more SMSFs will be established. This is especially good opportunity to include the family members in SMSF. Subject to personal advice. #smsfexpert #smsfconsulting #smsfestablishment #smsfadvice #smsfadvicesydney

22.01.2022 For those buying property in SMSF using LRBA: great article about the mistakes not to be made. #smsfproperty #buypropertysmsf #lrbasmsf #smsfexpert #smsfadvice #smsfconsulting #easysuper

21.01.2022 How much super you should have to start your own SMSF? What is the cost effective minimum balance to have your own self managed super fund (Smsf)? ASIC guidance is that you have to have more than $500,000 for the SMSF worth establishing. ... However, In a new report, Costs of Operating SMSFs 2020, the SMSF Association and Rice Warner analyses the fee paying in the retail super fund versus SMSF. Interesting, that ased on the analysis, the research found that SMSFs with $100,000 to $150,000 are competitive with APRA-regulated funds, provided that the trustees use cheaper service providers or undertake some of the administration themselves. However, for SMSFs below $100,000, the report found that SMSFs with less than $100,000 were not competitive in comparison to industry and retail funds and SMSFs with less than $50,000 are more expensive than all alternatives. I wonder if the ASIC is going to reduce the benchmark for the advisers like myself to recommend the SMSF establishment with minimum of $500,000 balance? #smsfestablishment #easysuper #smsfconsulting #smsfaccountant #smsfaccounting

19.01.2022 This is a great article about buying and holding cryptocurrency in an SMSF. What the rules are for SMSF investing in crypto. Click here to read more: https://cult.today/investing-in-cryptocurrencies-in-a-self/ #cryptocurrency #cryptocurrencyinsmsf #smsf #smsfinvestment #smsfinvestmentrules #easysuper #superconsulting

17.01.2022 As Bitcoin has skyrocketed in the last few weeks, I keep receiving the questions about buying crypto in the SMSF. Can SMSF invest in the cryptocurrency including Bitcoin? As a general rule, SMSF can invest in the cryptocurrency if: - SMSF trust deed allows such an investment - Investment Strategy allows to invest in crypto - Your SMSF can not buy crypto yourself, only from the third party provider (such as crypto exchange) ... - The account where you buy and hold crypto must be under the super fund’s name - You must prove to the auditor that crypto exists, under the super fund’s name and valued at 30th of June each year. So make sure to choose the exchange provider which can produce the audited reports. #smsfconsulting #smsf #bitcoininvestment #bitcoinsmsf #buybitcoininsmsf See more

17.01.2022 I want to finish this week with quote from Anthony Volodkin, founder of Hype Machine: . . Have an inspiring weekend everyone.

17.01.2022 I am receiving a lot of questions about buying cryptocurrency in a Self Managed Super Fund (SMSF). It is possible to invest in crypto using your super money but there are a few things to look for. In this video I discuss the crypto investing from an auditor’s point of view. #cryptocurrency #cryptoinsmsf #smsfconsulting #easysuper

17.01.2022 We finally have some reinforcement of late SMSF returns lodgments from ATO. ATO has been relaxed about the late SMSF returns in the past. However, this relaxed attitude is about to change. If you haven’t lodge your SMSF tax return and overdue, you should sort it out ASAP. If the SMSF is not a newly established fund and was lodged on time in 2019 the 2020 tax return is due on the 15th of May 2021. #smsfconsulting #easysuper #selfmanagedsuper

16.01.2022 Early release of super. In case you’ve missed it. The government has announced that they will extend the application period for COVID-19 early release of super from 24 September 2020 to 31 December 2020. #earlysuperrelease2020 #earlysuperrelease #easysuper #superconsulting

13.01.2022 I am hosting an interview this Friday with Kheng Tu who is experienced mortgage broker and will answer all your questions about SMSF borrowing. Please join us at 10 a.m. Sydney time this Friday, the 11th of December #smsfborrowing #smsflending #smsfestablishment#easysuper #SMSFaccountant#smsfconsulting

11.01.2022 How to contribute more into your super fund, grow your retirement nest and claim a tax deduction? See my video below. #smsfconsulting #easysuper #growyoursuper #supercontributions #smsf #smsfestablishment

09.01.2022 The first homebuyers might be allowed to access their super in order to fund their home deposit. Interesting development of the super use. Taking money out of supper will deplete the balances of younger people. However, this will also open the opportunity for the first home buyers to own a property and will increase the demand for the properties in Australia. It is interesting to find out, with $2.9 trillion in total superannuation assets in Australia, how much is expected to be taken out by the first home buyers in case if this proposal will be legislated. #easysuper #smsfaccountant #smsfestablishment #superconsulting #propertyinsmsf #firsthomebuyer

07.01.2022 In our interview with Kheng Tu from Vinsent & Brown we’ve discussed SMSF current lending environment and SMSF lending criteria. #smsfconsulting #easysuper #smsflending #smsfestablishment For more information how myself of Kheng can help you with you Self Managed Super Fund go to www.Smsfconsulting.com.au or www.Vincent and brown.com.au

07.01.2022 #smsfestablishment #superannuatio #howtogrowyoursuper #smsfsetup #easysuper #superconsulting #smsfaccountant

05.01.2022 DID YOU KNOW? Around half of all SMSF trustees own or have owned a small business 9 out of 10 trustees believe managing and engaging with their own SMSF provides them with a level of satisfaction... The median operating expense of SMSFs is $3,923 a year The majority of SMSF trustees spend between 1 to 5 hours a month administering their SMSF The most common age range for establishing an SMSF is between 35 and 44 SMSFs can be cost effective at balances of $200,000 or more Over 50% of SMSF members have had their SMSF for over 10 years #smsfestablishment #smsfaccountant #easysuper #smsfconsulting #smsfsetup

04.01.2022 Did you know that if you are stay-at-home parent and have been unemployed for a couple of years, you can qualify to access your super early under early release of super measure? You just need to show that you have been financially impacted by the pandemic.

04.01.2022 #smsfestablishment The federal government has introduced legislation to Parliament to increase the limit on the number of members in a self-managed super fund from four to six. For some, it could provide the additional flexibility to pool the family asserts together and pay lower fees for the SMSF management and compliance. For example, family with 3+ kids or members of extended family. At the moment, ASIC recommends the minimum of $200,000 plus to set up the SMSF and the benchmark is moving towards $500,000. Having more member means more opportunities to invest with bigger asset pool. #smsfconsulting #smsfestablishment #easysuper #growyoursuper

03.01.2022 Hi there, it’s Q&A Monday and I am talking about the Individual Trustees vs Corporate Trustee in the Self Managed Super Fund. #smsftrustee #smsfestablishment #easysuper #superconsulting

02.01.2022 Property development in SMSF. Can SMSF develop the property? Potentially, the SMSF can get involved in property development via: - Owing the property and conducting the development using SMSF funds... - Using Unlisted Unit Trust Structure - Using a partnership or joint venture structure - Lending money to a developer Before undertaking the property development in the SMSF, consider the following: 1. Review current Trust Deed of the SMSF. Trust deed of the super fund should permit property development. 2. Review current Investment Strategy. Investment strategy to allow property development 3. The potential property could not be acquired from a related party (unless it is a commercial business real property). 4. The property must be owned upright by the SMSF. If property bought using the Limited Recourse Borrowing, SMSF could not develop this property as long as the loan attached to it. 5. The development has to be funded from the SMSF money. The loans to and from the related party are not permitted. 6. All dealings to develop the property must be at an arm’s length commercial basis. To find out more about property development in SMSF, call us on 1800 327 978 or make an appointment here: https://calendly.com/smsf-specialist/consultation_meeting #easysuper #superconsulting #smsfestablishment #propertyinsmsf #smsfandproperty #propertydevelopmentinsmsf

02.01.2022 Should the first home buyers be able to access their super to fund their home deposit?