Roberts & Morrow is a progressive Chartered Accounting practice that embraces technology to reach clients right across Australia. We pride ourselves on providing exemplary and personalised service to our clients across all their financial matters

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News

New withholding obligations for Australian real estate

Jul 27, 2016

The new Foreign Resident Capital Gains Withholding (FRCGW) regime commenced on 1 July 2016 and imposes withholding obligations on purchasers of certain assets which are classified as Taxable Australian Property (TAP). TAP includes direct interests in land, leases and mining rights and indirect interests in Australian real property such as shares in certain companies that... View Article Read more

Borrowing to invest with your SMSF – Part 2

Jul 25, 2016

Criteria for borrowing within an SMSF For the trustee of an SMSF to be permitted to borrow for investment purposes the borrowing must be set up under an arrangement that satisfies certain criteria. These include that: The loan is used to purchase an allowable asset under the super investment rules The loan is set up... View Article Read more

Superannuation policy up in the air

Jul 22, 2016

The main superannuation policy changes proposed by the Coalition going into the recent election are summarised below. The most controversial of these changes is the introduction of a lifetime non-concessional contributions cap of $500,000 that includes any non-concessional contributions made by individuals from 1 July 2007. This has angered many who have made plans for their... View Article Read more

What does Brexit mean for the financial markets?

Jul 21, 2016

On Friday 24 June news came through that Britain had voted to ‘Leave’ the European Union (EU) 52 – 48 per cent. But the debate about the implications for economies and financial markets is just beginning. For an overview of what this may mean for you take a look at this special edition ‘Market Watch’ from Count... View Article Read more

It’s time to lodge your tax return

Jul 21, 2016

As the new financial year commences consider getting in early with your 2015-16 tax return information so you can lodge this sooner rather than later. A reminder of documents you may need to compile to complete your tax return: Payment Summaries from your employer and Department of Human Services; Interest & dividend statements; Annual tax statements &... View Article Read more

Borrowing to invest with your SMSF – Part 1

Jul 11, 2016

Many investors borrow to invest. But did you know that Self-Managed Superannuation Funds (SMSFs) are also a vehicle to borrow for investment purposes? This means that your SMSF can borrow to acquire assets that it may not otherwise be able to afford, such as commercial and residential property. What are the advantages of borrowing to... View Article Read more

Government delivers significant changes to superannuation in its 2016-17 Federal Budget

Jun 23, 2016

A reduction in concessional contribution caps, the lowering of the Division 293 tax threshold, capping tax-free assets in retirement and a lifetime limit for non-concessional contributions are just some of the changes that were in the Budget announcements this year to impact superannuation. These changes may impact your SMSF and retirement planning and require you... View Article Read more

Restructure opportunities without tax or stamp duty

Jun 22, 2016

The 2016-17 NSW Budget has confirmed the abolition of mortgage duty, marketable securities duty and non-real estate business assets from 1 July 2016 as planned. In combination with the new small business restructure roll-over (which will also apply from 1 July 2016), this presents an opportunity to review your business structure and consider whether an alternative... View Article Read more