The ATO have a new arsenal of weapons for SMSFs that fail to follow the rules. For contraventions that occur after 1 July 2013, the table below shows the (massive) fines applicable PER trustee. That is if you have two individuals as trustees you can double the amounts shown. A huge incentive to get your… Read More New ATO Penalties for SMSFs
Hi A reminder to those who are having problems motivating themselves to get their June 2013 tax papers to us, all 2013 returns must be lodged by the 15th May to avoid being fined by the ATO. The current late lodgement fine is over $550 – so get a move on! First come, first served. Lindsay
From April 2015, it is proposed that non residents (that’s us poms living in sunny Australia) will pay Capital Gains Tax on the sale of UK residential property. So if you own property in the UK, it’s worth reviewing your position. Here is a link to some further info http://www.propertywire.com/news/europe/uk-capital-gains-tax-property-201404048976.html
Don’t forget that the December BAS statements and Instalment statements are due for lodgement and payment on the 28th February. The December BAS often gets forgotten over the Xmas break, partly because you get an additional month to do it, yet the fines for late lodgement are large.
Those of you that come to the office will be aware that, as a Sydney Wildlife Animal Volunteer, I often have orphaned and injured animals in care. This week we have these two gorgeous baby lorrikeets to feed. So cute but boy they can make a noise. Extremely effective however, in waking up sleeping teenagers!
One of my jobs is to help clients make sensible decisions about money. One of the most common questions I get is, “Should I repay the home loan, invest or put money into super”? And, perhaps unsurprisingly, the answer is always that it depends …. each individual needs to make a decision based on their personal values… Read More Do I pay off the home loan, invest or put more into super?
http://vimeo.com/86373918 More silly antics, from slightly higher up! I’m the one in black – the lady in the purple by the way is an inspirational age 55!
Were you aware that fixed interest mortgage rates are pretty much at 20 year lows? Look at the purple line on the graph below. So in many ways it makes sense to lock in a fixed rate now. If not for your entire loan, then at least for the part of your home loan that you don’t… Read More To Fix or not to Fix
One of my favourite and most inspirational clients is, among multiple other things, the president-elect of the City of Sydney Rotary. Rotary is all about serving people in the community both locally and globally in times of need – they do fabulous work. They hold multiple fund-raising events and are always in need of helpers, volunteers,… Read More Workshop Offer
In the October Reflect (have you read it yet?), I mentioned being interviewed by the Chartered Accountants of England & Wales magazine, Economia … There are times when Lindsay Bridgland is standing on the topmost diving board and wonders just what she is doing. “When you jump in the air you’re probably 5m above the water,… Read More Interviewed by Economia
Bridgland & Co Blog 