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Cass transitioning to retirement
After an amazing 30+ years non-stop career in public and private sector accounting and financial services+, FFS Founder Cass is transitioning to retirement. She plans to start unwinding with her Alpacas and embark on a travel adventure over the next few months. This means that Cass is no longer available for individual paid consults, but she will still be available
New Tax Division Manager
With over five years of experience in public practice, Kiran is a highly skilled tax professional with expertise spanning a broad range of services, including tax return preparation, financial statements, business activity statements (BAS), and instalment activity statements (IAS). Need an individual, trust or company tax return? Read more here, then email kirandeep@freedomffs.com.au or book in a consult here (select
Protect Your Legacy – how an SMSF Will safeguards family wealth for generations
Introduction: The Imperative of Family Wealth Protection Protecting family wealth isn’t just about passing on assets—it’s about safeguarding your family’s financial security and legacy against risks like litigation, tax complications, and mismanagement. A Self-Managed Superannuation Fund (SMSF) is a vital tool in many Australians’ wealth strategies, but without the proper planning, even this robust structure can leave your family exposed.
Bare Trusts & Property Investment
Did you know that SMSFs can borrow money to invest in property? They can. We’ll set out the basics of how it works below. But first, the most important thing to remember in this process is to talk to your accountant and solicitor about what paperwork you need completed BEFORE you make an offer on a property. All legal paperwork can take
SMSF investing with multiple members
If your SMSF has more than one member, it is important to understand how the investments work. In short, all assets are owned 100% by the SMSF and are calculated percentage of each asset being ‘allocated’ to each SMSF member according to their contribution. If you have one member, that member owns 100% of the SMSF assets. If you have more than
Original trust deeds matter
When you set up a self-managed super fund (SMSF), bare or other trust, you will be asked to sign the establishment documents in ‘wet ink’. This simply means you have to use a pen and physically sign the paper version of the document, which then becomes the ‘original.’ This is a legal requirement and some organisations, particularly banks, use specialist