Newsletters

Super Sleuth e-News | March 2024

In this edition:

• Invest in Super young before it's super late
• How higher tax on higher super funds could affect you
• The benefits of a financial advisor
• March 2024 Investment Snapshot
• Key upcoming tax dates
  
  

Markets Lift and Volatility Drops

In April, global equity markets experienced a positive month, with most countries and regions recording a rise of approximately 2%.

March Madness!

The month of March began with expectations the US Federal Reserve would raise interest rates by 0.50% at their meeting on 21-22 March to curb elevated inflation.

Relief 2022 is over…but will 2023 be any better?

2023 will no doubt throw up its fair share of challenges and none more so than the challenges facing fixed rate mortgage holders, who will convert to floating rates during the year.

It’s time to review your practice arrangements - How to avoid service entity payroll tax blunders

It’s likely that you are using service arrangement models with the dentists who treat patients at your dental practice.

Are you aged between 67 and 75? You can access new opportunities to grow your super!

Several key changes to super contribution rules came into effect on 1 July 2022.

It’s time to review your practice arrangements - How to avoid service entity payroll tax blunders

It’s likely that you are using service arrangement models with the doctors who treat patients at your medical practice.

ATO releases guidance on Section 100A

Some newly released guidelines by the Australian Taxation Office (ATO) have clarified their position on situations where family trusts distribute to family members, but don’t tangibly pass on that distribution on to them.

Payroll Issues: An unwanted headline for your club

Payroll can be complicated and ensuring
payments to employees are compliant with the relevant award or arrangement can be difficult for the board or management to comprehend.

Key considerations: owning your own practice premises

Purchasing a dental practice premises is a significant investment into your financial future.

Key considerations: owning your own business premises

Purchasing a business premises is a significant investment into your financial future.

Key considerations: owning your own medical practice premises

Purchasing a medical practice premises is a significant investment into your financial future.

ATO SMSF Statistics

Self-Managed Superannuation Funds (SMSF) make up a large portion of the superannuation and investor market here in Australia.

Maximise your super by taking advantage of the benefits of compounding

Super will likely be the biggest investment you have in your lifetime.

Maximise your super by taking advantage of the benefits of compounding

Super will likely be the biggest investment you have in your lifetime.

Succession Planning: A risk to be managed

Succession planning is a key consideration for your club and must be appropriately managed so that your club is prepared for the inevitable changes to both its board and management.

Maximise your super by taking advantage of the benefits of compounding

Super will likely be the biggest investment you have in your lifetime.

Maximise your super by taking advantage of the benefits of compounding

Super will likely be the biggest investment you have in your lifetime.

The art and science of dental practice structuring

When choosing the most appropriate legal structure for a new dental practice, there are numerous issues to consider

The art and science of legal practice structuring.

When choosing the most appropriate legal structure for a start-up practice, there are numerous issues to consider

The art and science of business structuring.

When choosing the most appropriate legal structure for a new business, there are numerous issues to consider

The art and science of medical practice structuring.

When choosing the most appropriate legal structure for a new medical practice, there are numerous issues to consider

A delicate discussion around distributions.

If you are considering joining a group practice and will be an owner of the practice, one of the key things you need to understand is how you will share in the profit after dentists’ remuneration

Stock: Turning your management challenge into your competitive advantage.

Businesses may be very diverse in the range of stock that they hold, however there is often similarity in the challenges faced regarding inventory management

New superannuation measures announced and how they might affect you.

This year’s federal budget had a strong emphasis on job growth, but it also announced a raft of significant measures around superannuation.

Cyber Crime & Supplier Master Files

Cyber crime is increasing and one of the techniques being used by fraudsters is intercepting invoices or emails which include fraudulent banking details.

A delicate discussion around distributions.

If you are considering joining a group practice and will be an owner of the practice, one of the key things you need to understand is how you will share in the profits.

Happy new financial year!

Another financial year has come and gone. Here are some key points to focus on to get you on the right path for this coming financial year. 

Setting goals for the financial year ahead.

As we begin another financial year, now is the perfect time to set your financial goals.

Superannuation for children.

Helping your children secure their financial future is a goal shared by many parents.

Writing a business plan... Make it your business to get it right!

Starting a dental practice is by no means a small feat...

COVID-19: At least one good outcome.

We are still working through the implications of COVID-19. From the closure of clubs back in March 2021, to the social distancing measures that currently remain in place.

Indexation of the general transfer balance cap and how this may affect you.

From 1 July 2021 the general TBC will be indexed to $1.7 million. 

Making a business plan... Make it your business to get it right!

Starting a medical practice is by no means a small feat. 

Working from home: IT security check

In the rush to keep operating, many businesses started work from home arrangements with their staff. Is your working-from-home set up secure?

Ignorance isn't always bliss...

Are you guilty of thinking that your business structure "is what it is"?

Top tips for starting a dental practice. The things you can’t afford to get wrong!

The transition from being and employee or contractor to establishing your own practice is a significant step in any dentist's career.

Top tips for starting in private practice. The things you can't afford to get wrong!

The transition from being an employee or contractor to establishing your own private practice is a significant step in an medical practitioner's career. 

COVID-19 and SMSFs - what trustees need to know.

The Government has released several superannuation measures to assist those affected by the economic impact of the coronavirus pandemic. 

Extension of the new JobKeeper program.

During July and August 2020, the Federal Government announced that the JobKeeper Payment, which was originally due to run until 27 September 2020, will continue to eligible businesses (including the self-employed) until 28 March 2021. 

The best view comes after the hardest climb.

This year has been virtually unprecedented for businesses. While the economic conditions resulting from COVID-19 may have seen your business struggle or surge, we should all ensure that we stop to ask a few questions.

The recent payroll tax activity continues. Is your practice at risk?

The recent payroll tax activity continues. Is your practice at risk?  In this issue, we focus on getting the structure of your medical practice right.

Purchasing a medical practice premises? Get it right.

Purchasing a medical practice is one of the biggest investments you can make toward your future. It pays to get it right.

Improving your practice efficiency.

In June 2018, the Australian Primary Health Care Nurses Association (APNA) published their workforce survey which revealed that one quarter of primary health care nurses thought they were under-utilised and more could be done to maximise their skillset.

Diversifying your business.

Changing local and global market conditions, coupled with rapid advances in technology is changing the way we work, live and the very fabric by which society operates.

Is your practice ready for single touch payroll?

Recently we outlined what single touch payroll is and since then, further guidance has been released by the Australian Tax Office. 

Is a change in Government ahead?

If the Labour Party wins the upcoming federal election, they have announced a number of superannuation policies they intend to implement.

Time to focus on you.

What does it take to be successful in business? A key ingredient is to focus on the people behind the business.

Is your practice at risk of paying payroll tax?

Lately, state revenue authorities have increased their focus on medical and allied health practices.

The recent payroll tax activity continues. Is your practice at risk?

The recent payroll tax activity continues. Is your practice at risk? In this issue, we focus on getting the structure of your dental practice right.

Extension of the JobKeeper Program

During July and August 2020, the Federal Government announced that the JobKeeper Payment, which was originally due to run until 27 September 2020, will continue to be available to eligable businesses (including the self-employed) until 28 March 2021.