2024 - Accurium

The benefits of advice for residential aged care clients

22 Apr 2024

Most people are not prepared for entry into residential aged care because it is typically not considered until there is an immediate requirement. Aged care advice is usually not sought until there is an unexpected incident such as a stroke or fall and there is need for aged care. This can be a challenging and daunting process and one that the individual’s adviser can provide assistance with. Some of those areas include:

Income protection insurance and temporary incapacity benefits

Income streams/pensions

8 Apr 2024

Understanding the intricacies of income protection insurance within a self-managed superannuation fund (SMSF) is crucial to navigate the compliance requirements and taxation rules effectively. While income protection insurance is typically held outside of superannuation due to tax deduction advantages, some opt to include it in their SMSF for various reasons. However, doing so requires careful consideration of temporary incapacity benefit regulations.

Navigating critical audit issues for SMSF property investments

Audit

3 Apr 2024

The Australian Taxation Office (ATO) has recently underscored the paramount importance of valuing SMSF assets at market value every income year..

Death and the main residence exemption: timing is everything

Capital gains & losses

8 Mar 2024

The interaction between the main residence exemption rules and the rules regarding the death of a taxpayer can provide some interesting outcomes with respect to timing.

Exciting News: Count acquires Diverger

Update

1 Mar 2024

Today marks a significant milestone for Count as they announce the completion of the acquisition of Diverger Limited. Diverger is a diversified professional services business that includes services businesses Knowledge Shop, TaxBanter and Priority Networking.

Don’t be wound up over winding up an SMSF

Expenses, tax and administration

8 Feb 2024

For many individuals, a Self-Managed Superannuation Fund (SMSF) is a vital component of their retirement savings strategy. However, there comes a time when one must consider winding up their SMSF, whether due to reaching a certain age, changing circumstances, or simply that the SMSF no longer suits their needs.

Tax concessions costing the most and who benefits: Government releases its annual Tax Expenditures and Insights Statement

Income & deductions Tax administration

6 Feb 2024

On 31 January 2024 Treasury handed down the 2023‑24 Tax Expenditures and Insights Statement. This annual statement provides a detailed picture of how features of the tax system affect participants and provides some very interesting insights into the tax concessions which cost the most, and the profile of those who benefit.

Blog

/ 2024