Acumon Autumn Newsletter 2023

CLICK HERE to read the Acumon Autumn Newsletter 2023 In this issue:WelcomeKey Dates April 2023 Working from home & what you can claim from the ATO from 1 July 2022 onwards End of the FBT year fast approaching Congratulations Phill Hall Recipe of the season Superannuation wars

Superannuation: updates, announcements & changes

1. Future earnings for super balances above $3m taxed at 30% from 2025-26 The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%. The concessional tax rate on earnings from superannuation in the accumulation phase will remain at 15% up …

Superannuation: updates, announcements & changes Read More »

Acumon Connect: Summer Issue

CLICK HERE to read the Acumon Connect Summer 2022 Newsletter In this issue:WelcomeMerry Christmas + 2022 / 2023 Office ClosureKey dates for January 2023Interest RatesCongratulations Callan & AshleighChristmas Budgeting + a delicious Christmas recipe

Australian super funds gorge on cryptocurrency

The value of cryptocurrency assets inside Australian self-managed superannuation funds (SMSFs) increased by 589.9% ($1.17bn) between June 2019 and June 2022, according to the latest ATO statistics. While cryptocurrency is a relatively small asset class at only 0.16% of the $837bn held in SMSFs, it is a growing asset class, larger than collectibles and personal …

Australian super funds gorge on cryptocurrency Read More »

Lessons from a data breach

The Optus data breach is top of mind for a lot of Australians, particularly those who have had their data breached. For business, the breach is a timely warning on the importance of understanding what data is held on your customers (and should you hold it?), how it is secured, how your systems work and …

Lessons from a data breach Read More »

COVID downgraded but not gone

National Cabinet agreed to end the mandatory isolation requirements for COVID-19 effective from 14 October 2022. Each state and territory has, or will, implement the end of the isolation rules. The Pandemic Leave Disaster Payment, the payment to workers who have lost income they needed to self isolate or care for someone with COVID-19, also …

COVID downgraded but not gone Read More »