SMSF Tax Return | SMSF Tax Return Services Melbourne

SMSF tax return also known as DIY super return or superannuation tax return is mandatory if you control your retirement savings in the form of retirement saving vehicle known as self managed super fund.

The tax return due date varies if its new fund or existing fund, lodgment is done through registered tax agent or trustees, if the previous year’s tax return was lodged on time. Due date can be confirmed by online portal or your tax agent can confirm through tax agent portal. If you are using registered tax agent for the lodgment of the SMSF annual return you will get extra time to lodge the return as compared to if you lodge by yourself.

Financial year for self managed super funds is from 1st July to 30th June. It is one of the requirements to have an SMSF to lodge annual return every year from the fund inception till wind up. Tax return can only be lodged once the audit of the fund has been finalized by the ASIC approved SMSF auditor and the SMSF auditors and audit complete details will be included in the tax return.

Tax rate for SMSFs in Australia is flat 15 percent on the taxable income which will be calculated after deductions are deducted from the assessable income. Funds is pension phase will be tax free but needs to follow superannuation rules for pension and transfer balance cap rules. Different rates can apply to funds in some circumstances examples being non complying SMSFs taxed at higher rate of 47 percent.

Every self managed super fund is different with some simple and other more complex. We can prepare and lodge your Superannuation tax return irrespective its being simple or complex.

Self Managed Super Funds or DIY Super Funds assesses their own debt or tax refund. Once the tax return of the SMSF is lodged it will be considered as assessment and a separate notice of assessment will not be issued.

Options of lodging the tax return is paper form or through software. We use SMSF specialist software BGL simple fund for the preparation and lodgment of the superannuation tax return.

If the tax return will be overdue for some time the SMSF details will be removed from the Superfund lookup and employers will not be able to make member contributions with this status. Status will come back to normal once the overdue tax returns are lodged and Superfund lookup status will be updated.

Part of the SMSF tax return is the SMSF details section, auditor details, income section, deduction section, member section and assets and liability section. All details need to be filled for the relevant financial year and tax return will be submitted to the ATO. Super levy will also be paid as part of the SMSF tax return for the relevant year and for the first year of the SMSF super levy will be paid for the next year in advance and when winding up the fund year no super levy will be paid and will be adjusted on the SMSF tax return.

If the superfund tax return needs to be amended in the later stage whole tax return will need to be submitted again and not only the part that needs to be amended. As amending one part will change the other part figures on the return.

If the superfund needs to be wind up at some stage final tax return will be prepared and lodged with wind up details on the tax return. Audit for the final year need to be completed before the lodgment.

If you need any help or have any question regarding SMSF tax return please feel free to contact our Superannuation expert team.

What Are the Most Effective Digital Marketing Strategies? Let's Get to Know

In the vast and ever-evolving realm of digital marketing, success lies in strategic planning and implementation. Whether you aim to boost brand awareness, generate leads, or foster online visibility, aligning your strategies with your brand and message is paramount.

Let’s explore some tried-and-tested digital marketing strategies that can elevate your online presence and drive meaningful results.

1. Content Marketing: Crafting Value-Fueled Connections

One of the most reliable methods for generating leads is through content marketing. By providing valuable content and leveraging digital channels for promotion, you can create a powerful impact. Consider diverse content types, from blogs to videos, ebooks to webinars. Each piece adds a layer to your online presence and engages your audience in different ways.

2. Social Media Marketing: Building Communities and Influencing Billions

With approximately 4.6 billion people worldwide using social media, it’s a powerhouse for digital marketers. Beyond mere promotion, social media allows for community building and meaningful engagement. Each platform has its unique strategy and metrics, emphasizing the importance of social listening to truly understand and connect with your audience.

3. SEO: Elevating Visibility and User Experience

Search Engine Optimization (SEO) remains a cornerstone of digital marketing. Optimizing your content for search engines not only drives traffic but also enhances user experience and authority. Dive into elements like keywords, backlinks, meta descriptions, and images to tap into user intent and make your brand more discoverable online.

4. Paid Advertising: Targeted Reach and Measurable Results

While organic marketing is powerful, paid advertising provides a targeted approach to reach new audiences. Platforms like social media networks and search engines offer advertising opportunities with flexible budgets and measurable results. Harness the data gathered from paid campaigns to inform and refine your overall marketing strategy.

5. Influencer Marketing: Niche Reach and Campaign Boosts

Partnering with influencers can amplify your reach within specific audiences or niches. When choosing influencers, prioritize engagement and alignment with your brand values over follower count. Collaboration options range from event promotion to social channel takeovers, offering diverse ways to connect with your audience.

6. Email Marketing: A Time-Tested Channel for Engagement

Despite being one of the oldest forms of digital marketing, email marketing continues to deliver results. With personalized and segmented approaches, businesses can engage with prospects effectively. AI-powered marketing automation tools enhance the effectiveness of email campaigns, providing a way to nurture leads and drive click-through.

In the evolving landscape of digital marketing, the key is not to rely on a single strategy but to craft a cohesive approach that leverages the strengths of each method. As privacy concerns rise, and third-party cookies decline, strategies like email marketing become even more valuable for building lasting connections with an audience that has shown interest in your brand.

Embrace these strategies, stay agile in adapting to industry changes, and position yourself as a world-class digital marketer. The digital landscape is vast, but with the right strategies, you can navigate it successfully and achieve your business goals.

10 Essential Skills Every Digital Marketer Needs to Excel

In the fast-paced realm of digital marketing, staying ahead of the curve is not just an advantage – it’s a necessity. As technology continues to evolve, so do the skills required to thrive in the digital marketing landscape. Whether you’re a seasoned professional or just starting your journey, here are 10 essential skills every digital marketer needs to master:

1. Search Engine Optimization (SEO) Mastery

Understanding the intricacies of SEO is paramount. From keyword research to on-page optimization and backlink strategies, a solid grasp of SEO principles ensures your content is discoverable by search engines and your audience.

2. Content Marketing Prowess

Crafting compelling and valuable content is at the core of digital marketing. Knowing how to create content that resonates with your target audience and aligns with your brand’s voice is key to building a strong online presence.

3. Social Media Savvy

Social media is a powerhouse for digital marketers. Proficiency in leveraging platforms like Facebook, Instagram, Twitter, and LinkedIn is crucial. Understanding the nuances of each platform and tailoring content accordingly can significantly impact engagement and reach.

4. Data Analysis and Interpretation

Numbers tell a story, and a digital marketer should be fluent in this language. Analyzing data from various sources, such as Google Analytics, social media insights, and email metrics, helps in making informed decisions and optimizing strategies.

5. Email Marketing Expertise

Email remains one of the most effective communication channels. Knowing how to create compelling email campaigns, optimize for deliverability, and segment your audience can significantly enhance your marketing efforts.

6. Pay-Per-Click (PPC) Advertising Proficiency

A deep understanding of PPC advertising, including platforms like Google Ads and Facebook Ads, is vital. Knowing how to set up effective campaigns, conduct keyword research, and optimize ad copy ensures maximum ROI.

7. Conversion Rate Optimization (CRO) Skills

Driving traffic is one thing; converting that traffic is another. A digital marketer should be adept at optimizing landing pages, user journeys, and calls-to-action to maximize the chances of conversion.

8. Mobile Marketing Competence

With the majority of internet users accessing content on mobile devices, understanding mobile marketing is non-negotiable. This includes mobile-friendly website design, mobile advertising, and responsive email campaigns.

9. Influencer Marketing Insight

Influencer marketing has become a powerful strategy. Knowing how to identify and collaborate with influencers relevant to your industry can amplify your brand’s reach and credibility.

10. Adaptability and Continuous Learning

The digital landscape evolves rapidly. Being adaptable to emerging trends and technologies is a skill in itself. Continuous learning through webinars, courses, and staying updated on industry news is crucial for sustained success.

In conclusion, mastering these 10 essential skills equips digital marketers to navigate the dynamic and competitive digital landscape. As the digital marketing landscape continues to evolve, those with a diverse skill set and a thirst for knowledge will undoubtedly rise to the top. So, buckle up, stay curious, and embrace the exciting journey of mastering the digital marketing realm!

How to use Google Maps offline: Step-by-step guide

Google Maps serves as a robust navigation and mapping users to effortlessly navigate unfamiliar locales, uncover local points of interest, and strategise their journeys effectively. While the application is commonly employed for real-time navigation when an internet connection is available, it also offers the capability to function offline. This feature proves invaluable in scenarios where network access is scarce or non-existent.

Here, we will elucidate the process of utilising Google Maps offline on your Android or iOS device,granting you the ability to access maps and directions irrespective of your online connectivity status.

Follow the below mentioned steps to use Google Maps offline:

Download Offline Maps

• Open the Google Maps app on your Android or iOS device.
• Ensure you’re signed in to your Google account.
• Search for the city, region, or area you want to download for offline use. You can also zoom in or out on the map to select a specific area.
• Tap on the location’s name or address at the bottom of the screen to open its details.
• Tap “Download” or “Download offline map.”

Customize Your Offline Map

• Google Maps will display the selected area and its size. You can adjust
  the area by zooming in or out and dragging the map to refine your selection.
• Be mindful of the storage space on your device as larger maps may require more storage.

Download the Offline Map

• After customizing your selection, tap the “Download” button.
• Choose a name for the offline map if you wish and confirm the download.
• The map will start downloading to your device, and you’ll receive a notification once it’s complete.

Access Offline Maps

• To access your downloaded offline maps, go to the Google Maps app.
• Tap your profile picture in the top right corner.
• Select “Offline maps” from the menu.

5 NEW Google Assistant Features and Changes!

• 00:00:00 In this section, the speaker discusses several new features and changes to Google Assistant that came with the launch of the Pixel 8 series. The first feature mentioned is the AI summarized feature, which can be used to summarize web articles on your behalf. The second feature discussed is read aloud, which allows users to control the playback speed, scrub through audio, and even translate text into a different language. The third feature mentioned is how to update my phone command, which provides an in-depth guide with explanations on how to update your phone. The fourth feature discussed is call screening, which now includes an updated voice model with inflection and a human hint in the tone, as well as the ability to probe calls about their purpose before connecting. Lastly, the speaker mentions that Google Assistant is now faster in their testing.
• 00:05:00 In this section, the video discusses a few changes that have been made to Google Assistant. One of the changes noted is that while the language model has been improved to be more immune to human error, such as long pauses or stammering, the assistant can sometimes still be slower when compared to the pixel 7. Redesigning Google Assistant’s interface with a dark mode has also been mentioned. Although no crazy updates have been introduced, these minor improvements have made the service more enjoyable to use, as summarized. YouTube is also teasing Bard’s integration into Google Assistant. The video invites viewers to leave feedback on how they feel about the updates and whether there is any feature missing that they would have preferred to see.

2023 Kawasaki Ninja H2R - The Ultimate Hypersport Experience

Introducing the 2023 Kawasaki Ninja H2R, a true beast in the world of hypersport motorcycles. As the “middle” sibling in the H2 family of the 2023 Kawasaki lineup, this powerhouse is not for the faint of heart.

Here’s a closer look at what makes it so extraordinary:

Incredible Engine Power: At its heart, the Ninja H2R boasts a 998 cc supercharged engine that’s ready to unleash a phenomenal amount of horsepower and an awe-inspiring 121 lb-ft of torque. This engine is not for the faint-hearted and promises an adrenaline-pumping experience like no other.

Built for Speed and Performance: With its lightweight chassis and aerodynamic bodywork, the Ninja H2R is a speed demon. Whether you’re tearing up the track or cruising on the open road, this machine is designed to deliver top-tier performance and thrilling speed.

Unmatched Top Speed: If you’re in search of pure power and performance, the Ninja H2R won’t disappoint. It can reach a top speed of approximately 240 mph, making it a top contender in the world of Japanese motorcycle engineering.

Electronic Precision: To help riders harness this incredible power and stay in control, the H2R comes equipped with a wealth of electronic controls. These include advanced braking controls, traction control, and launch control. You can fine-tune these settings to match your riding style, ensuring both safety and optimal performance.

Superior Suspension: Keeping the chassis sorted is a top-of-the-line suspension system. The bike features fully adjustable inverted forks at the front and an Ohlins TTX36 rear shock. These components ensure stability and control even during high-speed maneuvers.

Braking Excellence: When it’s time to bring this beast to a halt, there’s no reason to worry. The Ninja H2R is equipped with dual radial-mount 4-piston Brembo calipers gripping dual 330mm discs for the front brakes. These brakes deliver incredible stopping power and precision.

For the Ultimate Riding Experience: If you’re an adrenaline junkie looking for the ultimate riding experience, the 2023 Kawasaki Ninja H2R is your ticket to excitement and exhilaration.

Price Point: This remarkable machine starts at $57,500 USD or $66,900 CAD, reflecting its premium features and top-notch performance.

Please keep in mind that the Ninja H2R is not street-legal and is primarily intended for use on the track. It’s designed for experienced riders who crave the highest level of adrenaline and the ultimate riding experience.

The Moon Star Shoes: Ever-Expanding World of Luxury Footwear

In recent years, the online luxury shoe market has undergone significant expansion, presenting vast opportunities for further development. A shining example of this evolution is “The Moon Star Shoes,” a pair of footwear that redefines opulence and exclusivity. These extraordinary shoes were unveiled on a luxurious yacht at the Dubai Marina and have captured the imagination of fashion enthusiasts worldwide.

Crafted from solid gold and adorned with 30-carat diamonds, “The Moon Star Shoes” are more than just a pair of extravagant heels; they are a testament to the boundless creativity and artistry of luxury shoemakers. What sets these shoes apart, however, is the stunning inclusion of a piece of meteor that crash-landed in Argentina in 1576. This rare celestial fragment adds an otherworldly touch to an already magnificent creation, making “The Moon Star Shoes” truly one-of-a-kind.

This extraordinary innovation in the world of luxury footwear is indicative of a broader trend. According to a report by NPD, the luxury footwear market is poised for steady growth, with sales predicted to increase at a rate of 1% through 2025. Notably, shoes are emerging as a new symbol of status and luxury, gradually replacing handbags in the world of high-end fashion.

As this shift in consumer preferences continues to unfold, we’ve compiled a list of the most coveted and expensive shoes that fashion aficionados may dream of owning. However, before embarking on this sartorial journey, it’s essential to give your bank balance a thorough check. These remarkable shoes represent the epitome of luxury, and they come with a price tag to match.

So, as the online luxury shoe market continues to evolve and innovate, it’s clear that the realm of high-end footwear is more alluring than ever. “The Moon Star Shoes” and their meteoric history serve as a shining example of how creativity knows no bounds in the world of fashion, and luxury shoes are leading the way in the quest for ultimate extravagance and exclusivity.