The Australian Securities and Investments Commission (ASIC) is increasing financial planning regulation and pushing a $200, 000 SMSF minimum. ASIC Deputy Chairman Peter Kell said ‘ASIC wants to ensure that only those investors for whom an SMSF is suitable are advised to establish an SMSF and that our expectations around the standards of advice […]
ASIC increases regulation and pushes $200 000 as SMSF minimum Read More »
The Australian Government will introduce a withholding tax obligation to ensure that foreign investors comply with Australia’s tax laws. The Government has released exposure draft legislation that provides for the application of a ten percent non-final withholding obligation on the disposal by foreign residents of taxable Australian property. If passed, the rule would apply from
Australian Government’s collection of foreign investors tax liabilities Read More »
The ATO has recently come under fire for making errors when it aimed to eradicate its registers of what it believed was over 1 million inactive ABNs. Over 24,000 ABN holders were still using or planned on using their cancelled ABN. Sole traders and small businesses were the hardest hit. Even tennis champions Novak Djokovic
Tennis stars Novak Djokovic and Rafael Nadal have been caught up in ATO bungle Read More »
Tax time requires that we are all well informed about possible deductions and awareness of who the ATO is especially targeting. We have provided some helpful hints to assist your taxation planning. Here are some important tips for tax time: Keep updated about changes. There are some changes that may affect you this tax time,
Tips for tax time and the latest ATO crackdown Read More »
SMSF have many clear benefits such as greater control and visibility, tax strategies and the ability to pool super assets with a partner of family member. However, knowing when it is the right time to start a SMSF is less clear. Your own financial circumstances are crucial for the timing of starting a SMSF. You
When to Start a SMSF Read More »
The ATO is cracking down on small business tax collection. The accumulation of over $35 billion debt as of 30 June 2014, a 10% increase from the year before, has given the ATO impetus to improve its debt collection. Small businesses are the main offenders owing roughly 60 per cent of total collectable debts. The
Business Debt in ATO Sights Read More »
On the 17 June 2015 Australia signed a Free Trade Agreement with China after nearly 10 years of negotiation. The deal is expected to open up billions of dollars in new markets for Australian exporters. Details emerging show that the agreement could free up more than 90 per cent of Australian exports from tariffs over
The Australian-China Free Trade Agreement: What it means for your Business: Read More »
The ATO provided some information on issues that you, as a trustee or self – managed super fund (SMSF), need to consider when commencing a transition to retirement income stream (TRIS), running a TRIS and ceasing a TRIS. When a trustee commences a TRIS they need to know the following; 1. Preparing to offer a
SMSF – Transition to retirement income streams Read More »
The Federal Budget 2015-16 is shaping up to be a big one, with talk of big changes to tax and businesses. Compared to last year’s broad-scale “budget repair job”, it’s clear that Hockey’s focus this year is on jobs and growth. Already we know there will be a centrepiece “families package” targeted at working parents
Budget 2015: What we know so far Read More »
Before you jump into investment property, it’s important that you do your research to ensure you gain the maximum amount of rental yield. There are numerous factors that can impact on the rental dollar you make and you can do a few simple things beforehand to prepare. A key question you may ask is how
How to Maximise Your Rental Return 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!
