investment money

The four simple essentials of investment strategy

A lot of emphasis is placed on maintaining an investment strategy for an SMSF but having one for a business is equally important and the same basic principles apply. Here are four points you should consider when developing your investment strategy. 1. Knowing the Target Setting goals is of primary importance. What purpose will investment serve? Buying business premises, when …

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3 Strategic actions you need to take this annual reporting period

Viewing annual reporting as the ideal opportunity to get to grips with what’s really happening in your business or SMSF investment portfolio, rather than simply viewing it as another compliance deadline, can generate real benefits. Here are three strategic actions you can take during the annual reporting period to optimise your business for the future. 1. Gain clarity on cash …

Expert Advice Can Develop and Protect Value

The majority of businesses grow and develop off the back of the inspiration and drive of one or two people. Striking off into the unknown is part of the journey and the freedom of reactive, independent decision-making can be beneficial. Striving in isolation, defining new methodology, problem-solving on the fly – these are all in a day’s work for new …

Succeeding at Succession Planning

A paper written by American scholars William O’Hara and Peter Mandel lists the oldest 200 non-American family businesses still in operation. With the first established in Japan in 578 and the youngest in Australia in 1802, they span from 6 to 46 generations and include many household names. They’ve survived war, pestilence, plague, financial meltdown and, no doubt, the occasional …

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NKH Knight merges with EKS Solutions

NKH Knight reached an agreement with EKS Solutions to merge our businesses together. Both businesses have been servicing clients for over 40 years and have longstanding client relationships based on trust, personalised service and expert advice. Mark Smith and Greg Berry, the Directors of EKS Solutions, and the full contingent of EKS Solutions staff have joined NKH Knight. The combined …

End-of-year superannuation checklist

As the end of financial year approaches, it pays to start thinking about whether or not you will be able to make any additional personal contributions to your super. In addition to topping up your retirement nest egg, you will also benefit from some generous tax breaks. Recently, there has been a lot of discussion surrounding the future of these …

Upcoming ATO compliance targets

It always pays to be aware of the ATO’s focus areas for tax compliance, as ATO taxpayer reviews can be draining on your resources and any non-compliance however unintended, can result in costly penalties and interest. The ATO have recently released a publication entitled ‘Building Confidence”, which outlines its key areas of upcoming compliance focus across all taxpayer groups. Privately …

End of financial year: SMSFs

The compliance requirements for SMSFs are extremely stringent, and it is important for trustees to be acutely aware of their responsibilities. Of course, we are here to help you, but you should always aim to have a robust understanding of your SMSF’s reporting requirements. Withdrawing minimum pension SMSFs that do not distribute minimum pensions to members who are in pension …