It’s February – you’ve almost settled into the New Year and are looking at whether to continue doing your own taxes or to hire an accountant. Let’s talk about some of the concerns you’re battling – maybe you aren’t a fan of delegating or you feel like it’s best to keep your financial data private. […]
Is It Time To Hire An Accountant? Read More »
SMSF owners cannot include artworks in their investment portfolios as of 30 June 2016. In 2011, SMSF laws changed so that SMSF owners are less likely to meet requirements for including ‘collectables and personal use assets’ in the SMSF portfolio. ‘Collectables and personal use assets’ include artwork, jewellery, vehicles, boats and wine. This ruling has
SMSF Ruling Means Art Lovers Are Ditching Collections Read More »
As 2015 came to a close, we saw the Australian Taxation Office crack down on tax evasion. This is clearly seen in below of ‘Serious tax crime prosecutions’ posted by the ATO, where we saw a significant increase in court fines between 2013/14 to 2014/15. 2014-2015 – 37 Cases, 33 Convictions, 30 Custodial sentences,
ATO Crackdown on Tax Evasion Read More »
Going forward, SMSF advisors, including accountants, will require a licence under the Australian Financial Services (AFS) Licence framework. This is because the Accountants’ Exemption is going to be removed as of 30 June 2016. What is the Accountants’ Exemption? The Accountants’ Exemption was introduced in 2013 as a part of the Financial Services Reform Act 2001.
SMSF fee expected to increase due to extra compliance Read More »
The ATO recently released new rules and key reporting dates in relation to foreign investment. They mentioned that as of December 1st 2015, fees apply to all applications to purchase residential real estate made by foreign investors. This means that foreign applicants who want to buy residential properties will be required to pay an application
ATO crackdown on Foreign Investment rules Read More »
Emily Shape, 25, and Luke Rogers, 24, own 22 homes. 19 of these purchases occurred this year alone. The couple claim that anyone can do the same. Rogers’ first purchase did not work out with poor rents and slow increases in value being yielded from his Gympie purchase. He quickly changed his strategy after he
Sydney Couple’s Secret To Owning 22 homes In Their 20’s Read More »
Administration Officer
With her kind, caring and approachable nature, Reshika never fails to provide a positive, welcoming experience for our clients, assisting them as they walk in our door or call our office. She understands the power of customer service and is always willing to lend a hand.
With her fun and relaxed personality, Reshika is incredibly creative, especially when it comes to finding solutions for evolving challenges, from financial matters to marketing requirements and beyond. Holding a Masters of Business Administration with a major in Marketing and significant experience in the banking industry, Reshika has a unique combination of skills which makes her a real asset to Fortis.
Reshika is motivated to reach new heights, take risks and develop her career by working alongside Bernadette, our Client Administration Manager, and having the opportunity to learn new things such as new platforms and procedures.
Reshika is passionate about fitness and does not miss an opportunity to take advantage of the gym. Despite Reshika’s relaxed personality it all goes out the door when card or board games are involved!
