The ATO and the SMSF Sole Purpose Test

The ATO recently have issued short informative videos on YouTube covering topics relating to self managed super funds.

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A quick video overview of Xero

If you have been wondering what all the fuss is about with Xero, here is a short video that outlines the story.

The New Depreciation Rules

***STOP PRESS – It may be too late to take advantage of these new depreciation rules if you haven’t installed your items, ready for use by 31 December 2013. Legislation from the new government that is waiting to go through the Senate will take away these general depreciation rules, effective 1 January 2014, if the Mining Tax Repeal Bill is passed. If it’s not passed then the new rules we explain below, may still apply. ***

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