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Are You Meeting Your General Duties as an SMSF Trustee?
General duties as an SMSF trustee Your duties and responsibilities of being an SMSF trustee are serious and shouldn’t be taken lightly. The penalties can be quite onerous if breaches occur. To know your general duties as an SMSF trustee is essential. Even though...
What is A Sole Purpose Test?
Sole purpose test – What Does This Mean? Your SMSF needs to meet the sole purpose test to be eligible for the tax concessions normally available to super funds. This means your fund needs to be maintained for the sole purpose of providing retirement benefits to your...
SMSF Investment Strategy
Your self-managed superannuation fund (SMSF) investment strategy Every SMSF must have an investment strategy. For the start of this new year, it is always good to look at what your investment goals are. What is an Investment Strategy? Your investment strategy...
Business By Design
The benefits of defining your business goals If you are not proactive and you don’t take ownership, it means that you effectively give up control of the direction of your business. You are then at the whim of the economy, the business environment and the decisions of...
Understanding Your Numbers in Business
Numbers Are The Language of Business People are not comfortable or confident looking at the numbers in their business. But I always tell people that “numbers are the language of business” If you want to learn how to run your business better, then you need to learn how...
Organizing Your Small Business
Time management skills to improve your small business One of the quickest ways to improve your results is by getting more of the important stuff done. There is only so much you can do within the day. If you are a small business owner, even more so as all the decisions...
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