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February 2018 Newsletter

February 2018 Newsletter

Current as of 27 February 2018
Volume 2018

Can I buy cryptocurrencies in my self-managed super fund?
Bitcoin and other cryptocurrencies have been around for many years but in recent months they have been in the news as their daily values go up and down more often than the highest rollercoaster in the world, The Kingda Ka in New Jersey.

So, whilst some investors have made gains on these virtual currencies, can they be purchased by a SMSF? Click here to read some important points to consider should you be thinking of diversifying your fund’s investment portfolio into cryptocurrencies.

More tax savings for small business
From 1 January 2018, certain types of insurance for small business are no longer liable for stamp duty.

Do you qualify as a small business?  The entity must:

  • Be carrying on a business; and
  • Have aggregated turnover of less than $2 million

For more information on these tax savings, please click here to read our full article or contact your client manager if you have further queries.

Are you in the building and construction industry?
If you are in the building and construction industry you will need to be registered with the NSW Long Service Corporation. (Other states have similar schemes).

The scheme is available to employees, employers and self-employed. It provides portable long service benefits for eligible workers in the building and construction industry.

To read the rest of our article, please click here.

New Partner at S&W
We have some big news at Stanley & Williamson.

We have decided to bolster our partner ranks and we have appointed a new partner.

Kamal Thakkar, who joined us in January 2017 has been appointed a partner of the firm effective 1 March 2018.

Kamal is a registered company auditor and is heading up our rapidly growing audit division. He brings significant experience and knowledge to the firm from his previous roles in various mid-tier firms, both here and in the UK.  We are very excited to have Kamal commit to the firm as a partner and we look forward to providing an even more extensive range of services to our clients.

In the next newsletter we will provide more depth on the services that Stanley & Williamson will now be able to provide with Kamal coming on board. In the meanwhile feel free to contact us if you or any of your business associates, need help from Kamal with any of the following services:

  • Agreed upon procedures;
  • Audit and assurance;
  • Due diligence;
  • Forensic accounting services;
  • Internal audit and risk advisory;
  • Investigating accountant’s reports;
  • Valuations.

DISCLAIMER
THIS NEWSLETTER HAS BEEN PRODUCED BY STANLEY & WILLIAMSON AS A SERVICE TO ITS CLIENTS AND ASSOCIATES. THE INFORMATION CONTAINED IN THE NEWSLETTER IS OF GENERAL COMMENT ONLY AND IS NOT INTENDED TO BE ADVICE ON ANY PARTICULAR MATTER. BEFORE ACTING ON ANY AREAS CONTAINED IN THIS NEWSLETTER, IT IS IMPERATIVE YOU SEEK SPECIFIC ADVICE RELATING TO YOUR PARTICULAR CIRCUMSTANCES.

LIABILITY LIMITED BY A SCHEME APPROVED UNDER PROFESSIONAL STANDARDS LEGISLATION.

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