Smith Feutrill Insights
Financial news, expert tips, insights, and our latest updates.
What you need to know about luxury car tax
Luxury car tax or LCT is a 33% tax on cars that have a value (including GST) above the set threshold. However, the tax is only on the value which is above the threshold....
What is the transfer balance cap?
The transfer cap refers to the amount of money that can be transferred from your superannuation account to your tax-free ‘retirement phase’ account. At the moment, the...
Business management styles you should avoid
The business management style you adopt will depend on the needs of your business, what motivates your employees, and your style of work. Therefore, you do have some...
Sudden lockdown in Victoria costs the economy
New COVID-19 cases resulted in Victoria going into a short lockdown. Although the lockdown itself wasn’t very long, the estimated damage to the economy was high. Experts...
Records you need to keep on rental properties
When you own a rental property, keeping records is important. These will help you meet tax obligations. Generally, only individuals with their names on the title deed...
Choosing investment options in your super
Many Australians ignore the decision of choosing investments for their super and often end up in the ‘default’ option as they make no effort to choose otherwise. Default...
The amounts you don’t need to include as income
Amounts which are not classified as income are split into 3 categories. Exempt income This is income that you do not pay tax on, although, some exempt income may be taken...
The types of benefits businesses should consider for their employees
n Australia-wide survey asked employees what benefits they would most want from their employers. The following are the top 10 benefits: Flexible working Discounts on...
SMSF Pensions
SMSF funds can provide pension or lump sum benefits during retirement. Retirement is a condition of super release if you have reached your preservation age. Depending on...