Macquarie Bank – authenticator deadline
From late November 2024, clients with a Macquarie Bank account will need to download the Macquarie Authenticator to approve payments. The Macquarie Mobile Banking app and the Macquarie Authenticator app are separate apps, and you will need to download both on your phone. How is Macquarie Authenticator safer than SMS? The authenticator includes a high level […]
SMSF trustee structure – which is better?
When you set up a self-managed super fund (SMSF) you can choose one of two ‘trustee’ structures: individual or corporate. Which is ‘better’? That’s up to you. Most of our SMSF clients choose corporate for the following reasons single member SMSFs are allowed easy to add/remove members as needed (such as with separation or death) […]
Collectables – ATO rules clarified
Some of our SMSF clients invest their super in ‘collectibles’ such as artworks, antiques, artefacts, memorabilia, wine and spirits, jewellery, motor vehicles and more. Might sound enjoyable, but the ATO has strict rules around storage, usage and insurance to ensure such investments are made for genuine retirement purposes, and not to provide any present-day benefit, […]
Finance visionary predicts crash soon
In August, veteran finance icon Jim Rogers expressed concerns about an imminent US market crash and, according to an interview with The Economic Times, he is hoarding cash in preparation. “America and the world is long overdue for a problem. The reason I have a lot of cash is because I expect the next sell-off to be […]
FAQs – do we have yours?
Did you know we have 30 pages of frequently asked questions here, and highlight one of them every week on our socials? Even though these FAQs are designed for new SMSF managers, have a look. You might find something interesting…or something missing! If you find a question you wish you’d had the answer to, email mary-jane@freedomffs.com.au and we’ll […]
Meet the team
We are sometimes asked “Why do so many different people contact me? I thought I had one account manager.” The answer to that is simple: yes you do, and they have support staff to enable them to focus on the accounting complexities. We are a specialist SMSF accounting firm and have designed our SMSF set up […]
SMSFs pay tax?
SMSFs have lots of great tax advantages, which can even drop to zero when you reach 60 and meet the conditions of retirement. What may be new to some people is realising that the ATO taxes all super income at 15 per cent. The ATO charges this regardless of whether the super is in an […]
Free SMSF courses – build your knowledge
The Australian Tax Office (ATO) has recently released new courses to help SMSF trustees with their regulatory and reporting obligations. The courses can be accessed from the ATO’s small business education portal smallbusiness.taxsuperandyou.gov.au, which offers a wide range of free courses. Direct links to the course are Setting up a SMSF Winding up an SMSF […]
MyPlace Caloundra 1pm Sat 27 July
On the Sunshine Coast QLD? Join this free live event 1pm Sat 27 July at Bells on Main Community Space Caloundra to hear Mary-Jane present “Ideas for Uncertain Financial Times”, with FFS & Ainslie bullion.
Off-grid community living chat
Cass Smith talks to Michael Simms (MMAMV Australia) about off-grid community projects she is developing with like-minded people, including the ins and outs of affordable off-grid housing, community dynamics and ways to create financial freedom. Watch on Facebook or YouTube