Phil Griffiths

Small business owners dread the end of each financial year because of the tax bill stress they undergo. This is because many small businesses struggle financially and some even end up closing down because of financial distress. That said, it is fundamental to save every coin by reducing expenses such as tax bills. A tax … Read more

Managing one’s Super account is possible through a Self-Managed Super Fund or SMSF. Since managing SMSF is not taught in schools, there is a lot of confusion about what one can do or cannot do with their Super account. To save time and get expert advice, an SMSF accountant in Perth should be on your … Read more

Self-managed Super Fund (SMSF) A super fund is a trust fund where superannuation or super is allotted into. This super is money regularly deposited or contributed while you are working to someday gain income upon retirement. The more you invest in it, the more benefits you will have when you retire. The Self-Managed Super Fund … Read more

SMSF Lump Sum Withdrawals If you meet the conditions, then you certainly can. However, if you are thinking of withdrawing money from your self-managed super fund, it is vital to know some key points. One of them is Lump Sum Withdrawals. It refers to the amount found from your SMSF that does not fall under … Read more

How much is needed? The minimum viable SMSF balance is more about sustaining the costs required rather than the balance itself. For a small family, it could be around $300,000, while for bigger families, it could reach more than $500,000. SMSF’s annual costs range approximately $1,650 upwards. when referenced with 1% fees as a precaution, … Read more