Business Tips

Avoid renovation/development in SMSF

SMSF Property Renovators beware!! SMSF Trustees who intend to renovate their Fund’s real estate need to be aware of a few traps in addition to the restrictions surrounding renovations to geared property. Minor work may be ignored though what constitutes minor is unclear. SMSFR 2010/1 para 75-76 describes the scenario of an accountant completing a return for their own Fund without charge. Because of the minor value of the work involved this was not a contravention.

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Brisbane Property Market is set for double digit growth

The Brisbane property market planted the seeds for growth in 2013 with many of the cities new project started and some completed... these include the the completion of the City Hall, the commencement of construction of the new "River walk" joining New Farm to the city and the tunnel break through of the legacy Way opening up the western suburbs and acreage areas like Kenmore Hills and Brookfield.

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Setting up business in Australia

Starting a business anywhere in the world is big decision. It needs careful research and planning before you start trading. In Australia, it is vital you find out all the necessary statutory obligations before registering the business. Some things may be consider before venturing to a new business.

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Tim Ferris – Author of the 4 hour work week

He is in Brisbane tomorrow cant wait to learn Automate and replicate... less is more (minimise your life maximise your profits)... Evolution Accountants have similar philosophies, its always great to have a fresh perspective and get cutting edge technologies to pass on to our clients.

Are you prepared for 30 June Tax deadlines?

As 30 June approaches its important to make sure you have reviewed your tax position. Its important that you book in a time to do some tax planning, make super contributions and refinance loans and investments. Its also important to ensure you have your trust deed reviewed and a trust minute prepared prior to 30 June to ensure you comply with the Trust and tax legislation. We have spaces available at our Springwood and New Farm office but you need to hurry as time is running out.

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