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KSW Insight Newsletter | December 2021

KSW Insight Newsletter | December 2021

December 2021| VOLUME 163
KSW Insight Newsletter | November 2021

Protecting the family home – What could possibly go wrong!

A very common and cheap strategy to protect the family home, is for the home to be owned in the name of one person in a marriage. However, the ATO have tested this strategy in a recent court case (ATO vs Bosanac). Our full article here, summarises the court case and how this strategy may not work.

What happens if your corporate trustee is deregistered?

Many trusts and superfunds use a company as their trustee, but does the trust relationship continue if the trustee company is deregistered? Our full article here, explains this process and how to rectify a deregistered company if this has occurred.

Service NSW and NSW Police to investigate fraudulent COVID-19 Business Grants
 
Service NSW and the NSW Police have established Strike Force Sainsbery to investigate fraudulent applications for COVID-19 micro-business grant payments. Our full article here, covers the details of the investigation. 

Do I need a Director ID as a Director of a Trustee Company of a SMSF?
 
As of 1 November 2021, all directors are required to have a Director Identification Number, including directors of a trustee company of a SMSF. Our full article here, explains everything you need to know on how to apply and when do this is by.

Goodbye 2021!

The Partners and Staff celebrated the end of 2021 as rockstars with dinner at Lotus in Barangaroo on Friday 10th December. 

We would like to wish you a Merry Christmas and Happy New Year! We hope you enjoy the break with family and friends, ready to start 2022 refreshed.

As in past years, we have not sent out Christmas cards. Instead, we have chosen to donate these funds to the Salvation Army to help those in need of support at this time of year.

Our office will close at 5pm Thursday 23 December 2021 and re-open on Tuesday 4 January 2022.

We look forward to seeing you in the New Year.

Quote

“Never underestimate the power you have to take your life in a new direction”

Germany Kent

Current as of 16 December 2021

DISCLAIMER
This newsletter has been produced by Kreston 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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