Entries by synecticgroup

Fringe benefits tax (FBT) changes for the 2019 FBT year

Fringe benefits tax (FBT) is a tax paid by employers on specific benefits provided to employees (and their families). Benefits commonly provided to employees include company vehicles, car parking, low interest loans, and living-away-from-home allowances. FBT places the tax burden on the employer rather than the employee, which can be an attractive arrangement for many […]

December 2018 Newsletter

In our last newsletter for the year, we offer simple ways to get your bookkeeping on track (with some great ideas for your New Year’s resolutions!), and discuss the risks of switching or consolidating super funds on your own. Danny shares his thoughts on the significance of your business’ purpose, and we check in on what #teamsynectic are up to in our community.

Six tips for SMSFs investing in property

As a Self-managed Super Fund (SMSF) trustee you might, at some stage, want to invest in property as part of your fund’s investment strategy. Before you do, you should fully consider the risks associated with property investment. Holding a “real property investment” can affect other aspects of your fund, such as benefit payments, and any […]