Client of the month – September (Apromo Trading)

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For over 30 years Apromo has been supplying quality European patisserie ingredients, Belgian couverture, semi-finished products, gourmet foods and frozen Danish and desserts – to chocolatiers, patisseries, restaurants, hotels, bakeries, and caterers. That’s right, Apromo Trading has been operating in Sydney since 1987! That just proves that we all love chocolate! Their core business is twofold:  To supply high quality European ingredients and semi-finished products to Australia’s leading chocolate manufacturers,…  Read more

Consolidate your super! (lost super)

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Have you moved between the jobs? Chances are that you have several superannuation accounts and don’t know what you should do about it… or in fact, you haven’t given it a second thought…there is also a very good chance, you have lost super that you are no longer aware of… The thing is, the more superannuation accounts (funds) you have, the more sets of fees you pay. Paying these additional…  Read more

Division 293 tax – high income earners

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What is Division 293 tax? Division 293 tax is the tax paid by high income individuals. It reduces the super tax concession they receive. Since 1 July 2012, high income earners are generally liable to pay Division 293 tax if their income for surcharge purposes (disregarding their reportable super contributions) and their low-tax contributions are greater than $300,000. This is to reduce the tax concession received on concessional contributions from 30%…  Read more

The Inventory Factor: What’s Affecting Your Inventory?

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Whether you are running a current business or looking to start up a new company, it is important that you have enough stock on hand to meet your consumer’s needs. However, investing all of your money in inventory drains your working capital and prevents that money being used elsewhere in the business. Accurate forecasts are vital when it comes to maintaining and replenishing inventories, and it is necessary for a…  Read more

Transferring property into a SMSF

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You can currently transfer the ownership of some types of property directly into your Self Managed Superannuation Fund (SMSF). They are: Business real property (used exclusively for the running of a business), for example a warehouse you conduct your business from; Listed securities (such as shares in companies listed on the stock exchange); In-house assets, for example an investment in a related party – provided that the market value of…  Read more