Blog

Bitcoin – also known as cryptocurrency, or ‘crypto’ – has become a talking point for self-managed superannuation funds (SMSF’s) to acquire. Let’s be clear from the start. Crypto is a speculative investment that has been subject to wild fluctuation. So, should you even have it in your fund? Indeed are you even allowed to? HowRead more

In this article, we look at owning property in superannuation. Property can be attractive as it provides investment diversity, allows a business to acquire the premises they operate from, and of course is a tangible asset that we can see and touch. At GNS, we regularly get interest from clients about how they can investRead more

  In a series of articles, we have outlined some of the things you should know – or might like to know – regarding superannuation fund audits. In this article, we look at the area of superannuation penalties. As you would have seen by our recent series on superannuation audit matters, SMSF trustees must runRead more

We continue our articles on the things you should know – or might like to know – regarding superannuation fund audits. In this article, we look at areas the ATO is looking at in regards to superannuation fund audits. Why are the ATO looking at auditors? The ATO can’t audit all funds itself. To ensureRead more

In a series of articles, we have outlined some of the things you should know – or might like to know – regarding superannuation fund audits. So far, we have looked at why your fund needs an audit (here), who can be an auditor (here) and what happens to get your audit done (here). InRead more

Written ATO confirmation that the SMSF is a fund regulated by the ATO Details of trustees and company directors of the fund Copy of signed financial statements for the year Copy of the SMSF’s investment strategy Trustee minutes for the year SMSF’s annual income tax return Contribution documents Copy of accounting work papers and transactionRead more

In a series of articles, we outline some of the things you should know – or might like to know – regarding superannuation fund audits. So far, we have looked at why your fund needs an audit (here) and who can be an auditor (here). In this article, we look at what you – asRead more

Let’s face facts; nobody enjoys paying their taxes. For most of the lower to middle class, there’s often a general feeling that those with more disposable income receive more tax perks than those who are not as financially well-off. In short, the rich get richer and the poor struggle to keep up with the growingRead more

The main role of a professional retirement planner is to solve the common problems of: Do I have enough? When can I retire? What will retirement look like for me? If your current retirement planner is just wanting to sell you another product – you are talking to the wrong people The current age forRead more

At GNS Group we like to think of ourselves as your local financial planner. With over 50 years experience in the Ivanhoe area, we’ve seen many businesses – and individuals – come and go, build their wealth and go through the natural ups and downs of life. As a trusted local financial planning resource, theRead more