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December 2014 Newsletter

Welcome to the December 2014 edition of Furzer Crestani News.

We would like to wish you, your staff and family a Merry Christmas and a safe and happy holiday season, and look forward to working with you in 2015.

We advise our office will be closed from 5.00pm Friday, 19 December 2014 until 8.30am Wednesday, 7 January 2015.

This e-newsletter highlights activities from a tax, forensic and leadership/personal development perspective that we trust could be useful for you and your business associates.


When Can Super Monies be Released on "Compassionate Grounds"
           

Where an SMSF member is suffering a severe medical condition and does not have the financial capacity to pay for such medical expenses, they can apply to have some of their super funds released on 'compassionate grounds'. 

However, there are specific conditions that must be satisfied and approved by the Department of Human Services (not the ATO). 

Read more ...                       


Networking Tips 

Business owners as well as employees wishing to expand or further succeed in their careers need to spend considerable time in developing relationships if they wish to accelerate opportunities, rather than simply relying upon good luck.

The foundation for relationships in our view is based upon trust. 

Read more ...            


Fund Management on Fund Management

The High Court has partly allowed an appeal from the decision in the New South Wales Court of Appeal relating to the assessment of fund management fees. 

Read more ... 

ATO's Small Business Concession Case Studies 

To meet its 2013 election commitments the government has reduced or removed some small business concessions (for eligible Small Business Entity ("SBE") taxpayers running a business with an aggregated turnover of less than $2 million). The changes are effective from 1 January 2014, meaning they may affect 2013/14 business income tax returns. 

Read more ...


Contact Us

If there are other people you know who would like to subscribe to this e-newsletter, they can sign up by visiting our website or by clicking here to subscribe.           

If you have any comments or questions regarding information in this newsletter or how we could be of service to you, please do not hesitate to contact us.

Kind Regards                          

 

The Team
Furzer Crestani 
www.furzercrestani.com.au  

 

 
 

In this Issue:

When Can Super Monies be Released on "Compassionate Grounds"
          
Networking Tips

Fund Management on Fund Management

ATO's Small Business Concession Case Studies
                                  
Contact Us

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