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About Helen Tsirmiris

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So far Helen Tsirmiris has created 70 blog entries.

SMSF COVID-19 Audit Relief Extended

The ATO has extended COVID-19 relief for SMSF trustees. The relief measures, which protect trustees from COVID-19 related contraventions of the super laws, now extend from the 2019-20, 2020-21 and 2021-22 financial years. The relief measures provide:

Residency relief where the pandemic has prevented members from returning to Australia. This measure prevents […]

By |23 November, 2021|COVID-19|Comments Off on SMSF COVID-19 Audit Relief Extended

How to set up your Director ID

Directors are now required to register for a unique identification number that they will keep for life.

What is a Director ID?

A director ID is a 15 digit identification number that, once issued, will remain with that director for life regardless of whether they stop being a director, change companies, change […]

By |23 November, 2021|Business, Uncategorized|Comments Off on How to set up your Director ID

Recruiting new employees? The 1 November superannuation rule changes

When your business hires a new employee, the Choice of Fund form is used to identify where they want their superannuation to be directed. If the employee does not identify a fund, generally the employer directs their superannuation into a default fund.From 1 November 2021, where an employee does not […]

By |13 October, 2021|Superannuation|Comments Off on Recruiting new employees? The 1 November superannuation rule changes

What happens to your Superannuation when you die?

Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund.  When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee according to the rules of fund, superannuation […]

By |13 October, 2021|Superannuation|Comments Off on What happens to your Superannuation when you die?

Unwinding COVID-19 Relief

COVID-19 support will roll back as states and territories reach vaccination targets.The National Plan, the road map out of COVID-19, does more than provide greater freedoms at 70% and 80% full vaccination rates, it withdraws the steady stream of Commonwealth financial support to individuals and business impacted by COVID-19 lockdowns […]

By |13 October, 2021|COVID-19|Comments Off on Unwinding COVID-19 Relief

Mental Health Support for Business Owners

Running a business can be an isolating experience. And, with COVID-19 lockdowns and disruptions to trade, the pressure can be intense.NewAccess for Small Business Owners is a free and confidential mental health program developed by Beyond Blue to give small business owners the support they need. Whether you’re just feeling stressed, […]

By |26 September, 2021|Business|Comments Off on Mental Health Support for Business Owners

Divorce, Superannuation and the Gender Divide

New legislation will help prevent superannuation assets from being hidden during divorce proceedings.

From 1 April 2022, the Australian Taxation Office (ATO) will be able to release details of an individual’s superannuation information to a family law court.The recently enacted laws are designed to ensure that there is procedural and economic […]

By |13 September, 2021|Superannuation|Comments Off on Divorce, Superannuation and the Gender Divide

What now? Unwinding the Pandemic

Australia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border restrictions.And, it is not just businesses in lockdown […]

By |9 September, 2021|Business|Comments Off on What now? Unwinding the Pandemic

Are COVID-19 grants and funding tax free?

Most people would think that money provided by the Government to support people and business during a crisis would be tax free? Otherwise, it’s like giving money with one hand and then taking it away with the other, isn’t it?But, the tax laws don’t work like that. To make a […]

By |10 August, 2021|Uncategorized|Comments Off on Are COVID-19 grants and funding tax free?

Growing your business value

Over the next decade, as the baby boomer bubble of small and medium sized business owners roll through the system, Australia will experience one the largest transfers of business wealth in its history. Succession planning is more important than ever. Not just because of the transfer of wealth, but because […]

By |10 August, 2021|Business|Comments Off on Growing your business value
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