In this edition:

Welcome

Increased audit risk around timing and accuracy of SG payments

When did you last review your SMSF's investment strategy?

How to claim repairs, maintenance and improvements on an investment property

Towards zero interest rates (and what it means for investors)

November 2019 Newsletter 

Welcome to our November 2019 Newsletter. 

With the increasing ATO audit risk around timing and accuracy of Super Guarantee (SG) payments, we recommended checking the payment dates and amounts for all SG payments. 

The ATO has written to SMSF trustees to ensure they are aware of their investment obligations. When did you last review your SMSF investment strategy? 

Rental property owners often ask questions about how to claim repairs, maintenance and improvements, and what can be claimed when renovating. It's important to understand and distinguish each deduction in order to correctly lodge your claim and maximise your tax refund.

The official interest rate is sitting at the historic low of 0.75%. What does the current interest rate mean for investors?

Our aim is to make better use of your time and keep you updated on matters affecting your business and family life. If you have any questions from any of the articles please contact your Manager or Partner at Goodwin Chivas & Co.

The Goodwin Chivas & Co. team