Soaring Super Pty Ltd in Footscray, Victoria, Australia | Accountant

Soaring Super Pty Ltd

Locality: Footscray, Victoria, Australia

Phone: +61 3 9044 1952

Address: 2, 131-135 Hyde Street 3013 Footscray, VIC, Australia

Website: http://www.soaringsuper.com.au

Likes: 33

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• Consultation agency
• Accountant
• Financial service

25.01.2022 The team have all attending a seminar, looks like we will be hitting FOFA on the head, adopting the Licensing regime before the cut off date 01.07.2016...Bring it on!

24.01.2022 With 30 June 2013 just around the corner, now would be the perfect time to start collecting all your SMSF details ready for the heavy tax season. Get your SMSF done nice and early, especially for those who are receiving big refunds!

22.01.2022 The 7 day service standard for ABN Applications (SMSF's) for Registered Tax Agents have been removed , and increased to 28 days. Those wanting to have an ABN application fast tracked may need to wait a full 28 days! Not good news for those who are intending to use their SMSF's in a hurry.

20.01.2022 I think we are on the brink of a breakthrough! ABN Application process to be fixed very soon - not by the ATO, but from us, and the team! GO team Soaring Super!

19.01.2022 Axle Edge Accounting Group Pty Ltd The Tax Payer's Charter has changed and any ABN Applications could take up to 28 days to process, (could be more). The same rules apply for Tax Agents' without exception. So, a small window of opportunity to fast track that. It goes like this: 1.Apply for the ABN as tax agent... 2.Ring the ATO within 24 hours to confirm lodgement reciept. 3.In our capacity as Tax Agent, apply for a escalation 4.Within 48 hours, we will be issued with a complaint's officer 5.Lodge a urgent matter's complaint, and hardship complaint - 12 day turnaround time. 6.The Officer should be able to approve the ABN Application if all supporting documents are apparent. Cheers - Soaring Super Pty Ltd

17.01.2022 After 3 months in business we have clicked over 30 new SMSF set ups. Keep them coming guys!

17.01.2022 First year funds due today 03.03.2015. Proud to announce all but one fund made it......not bad. Great effort and longs hours by the team. Good work.

15.01.2022 New reforms for Financial Planners may see them charging similar to accountants... http://news.theage.com.au//new-fee-guidelines-for-financia

14.01.2022 Still no resolution regarding the 28 day ABN Application / Service Standard for new ABN TFN Applications.....stay tuned

13.01.2022 The ATO has yet to provide Tax Agents with a solid response as to why the tax agent's portal is down. The scheduled maintenance over the long weekend has yet to be completed, and unfortunately we are also lost for answers. Watch this space, we'll keep you posted.

11.01.2022 100% of our SMSFs have been quoted, and prices locked in for the 2013 Compliance. Time to engage and start smashing out some tax returns!!! Thanks team and massive thank you to all our clients who assisted in provided their SMSF information so promptly!

11.01.2022 The ever changing Smsf landscape....another day of training.

10.01.2022 Newly established SMSF's (01.07.2012 - 30.06.2013) have a lodgement due date of 28.02.2014! time is running out, get your information in asap!

10.01.2022 Looks like the Gov. are making a move very soon..... http://www.theage.com.au//half-of-split-super-bill-to-pass

09.01.2022 Hi guys, the Australian Business Register (ABR) abn application portal for SMSF's is currently experiencing some minor issues, we are working with the ATO to have these sorted out....we will keep you all posted. SS (Soaring Super)

09.01.2022 The latest update to the ABR's website/process is proving to have bugs in it. We have been working with the ATO/ABR to have some clarity as to when this will be fixed. Stay tuned - in the meantime, all ABN Applications will be on hold.

08.01.2022 Struggling to keep process competitive, when the authorities continue to add compliance layers to small practices. We all understood that an accountant’s practising certificate from CPA, ICAA or IPA would replace the need for experience with a limited Australian Financial Services Licence (AFSL), and that an annual compliance certificate would replace the need for a full annual audit. What has now been confirmed though, is that:... The licensing process itself still has the same requirements as that for a full licence (comprehensive written proofs that your business can run an AFSL); The Responsible Manager needs qualifications to run the licence and not simply a practising certificate; A business operating under this licence will need to comply with the compliance requirements of the Corporations Act (data collection, providing a Statement of Advice, etc.); and Those hoping to provide advice under this licence will need to show they meet the education requirements specified under RG146 in order to be authorised. It will be up to every practice that takes on such a licence to ensure it meets the ongoing requirements of operating under the Corporations Act rules, or a practice will not receive its annual certificate of compliance. Looks like we may need to get licensed and charge more to set up your SMSFs, to cover the increased compliance costs. Stay tuned. We will work something out!

08.01.2022 Happy to announce that all out first year funds will be in on time. Thanks to the massive efforta and output from the SS team ( and obviously all our clients who assisted in the data collection process :)) Be warned! All first year funds DUE 28.02.2014 - fines will be issued!

07.01.2022 Trustees who have set up a new SMSF and need to lodge a 30/06/2013 Superfund Return, will have an earlier lodgement date - 28.02.2014....time to get your information in guys....ATO will be issuing fines.

07.01.2022 SMSFs warned to be wary of low-quality, unlicensed advice! ASIC has identified poor advice being offered to SMSFs as a huge problem, particularly suggestions that individuals set up an SMSF in order to gear into real property. Although most are compliance, and reasonably justified, there are those who are falling into traps!

07.01.2022 Reminder to all FIRST YEAR FUNDs, your income tax return must be submitted no later than 28.02.2014 - penalties apply (we are proud to announce that we will be on track to have all our funds lodged by this date. All funds have been completed, and await audit clearance - hip hip horray!)

06.01.2022 The Superannuation Legislation Amendment (Reform of Self Managed Superannuation Funds Supervisory Levy Arrangements) Bill 2013 received Royal Assent on 28 May 2013 as Act No 55 of 2013. The Bill will increase the maximum amount of SMSF supervisory levy from $200 to $300 from 1 July 2013 (although the actual levy amount will continue to be prescribed in the relevant regulations). The Bill also provides for the levy to be collected in the same income year that it is levied from 2013-14 (subject to a phase-in over two years).

06.01.2022 Make sure from 01.07.2013 your employer starts putting aside 9.25% super on your salary and wage..(up from 9.00% in previous years).

06.01.2022 Feeling great, with our new business partner on board (Eleven Edge Financial Planning) our SMSFs who currently dont have an advisor can pick the brains of Danny Xi - director or Eleven Edge Financial Planning Pty Ltd.

05.01.2022 Market valuation of SMSF assets - A must!!! As part of a suite of Stronger Super measures introduced on 7 August 2012, SMSF trustees need to value the fund’s assets at the market value as at 30 June each year and include these values in the fund’s annual accounts and statements. The ATO has prepared ‘Valuation guidelines for self-managed super funds’ to assist trustees and advisers.

04.01.2022 After being down for more than 6 days, the ATO has finally fixed the Tax Agent's Portal. Let's hope we dont have another week like last (downtime, non-billables, thumb twidling). Glad to see it back up, great job ATO!

02.01.2022 I think we spoke too soon, ATO portal is down again!

02.01.2022 LISC remittances from the ATO started to come in (pretty much having the 15% income tax your fund paid initially paid on your Superannuation Contributions fully remitted to you if your income was < $37,000), keep a look out in the mail, and make sure you bank these ATO cheques promptly. Win Win for the low income earners!

01.01.2022 http://news.theage.com.au//new-fee-guidelines-for-financia

01.01.2022 Final call for lodgements - 15.05.14.