Monthly Archives: November 2023

Masterclass SMSF – Proposed Capital Gain Tax (CGT) in SMSF – and unrealised gains will be caught – responses

Posted on November 23, 2023 by SuperBenefitnews

An SMSF’s assessable income includes any net capital gains (difference between what a asset  cost you to buy and how much your received when you sold), unless the asset is a segregated current pension asset. Complying SMSFs are entitled to … Continue reading →

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NEWS – Payday super could be used to update the SG system – submission

Posted on November 22, 2023 by SuperBenefitnews

Several financial and accounting industry bodies have made a submission to Treasury to use the introduction of the new Payday Super scheme to update the SG system efficiency. Here is a report at sms.magazine.com.au by Jason Spits. The government should … Continue reading →

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MASTERCLASS Investment – Understand Profit and Loss Statement – Company Reports Part 2

Posted on November 9, 2023 by SuperBenefitnews

In our prior post, we explained the type of reports in Part 1 Company Reports, and the Profit & Loss (or Income Statement) is one of three reports or statements that a company or business produces which shows how the … Continue reading →

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Masterclass SMSF – Valuing Assets Annually

Posted on November 3, 2023 by SuperBenefitnews

One of our many responsibilities SMSF trustees have annually, is valuing your fund’s assets at market value. The market value of an asset is the amount that a willing buyer and seller would agree to in an arms-length (independent) transaction, in the … Continue reading →

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