Foxton Financial Blog
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Check out our blogs to stay up to date on all the most recent accounting and taxation-related news and releases. Foxton Financial is a vibrant accounting firm, a Member of the Institute of Public Accountants, that offers comprehensive accounting and taxation services. We are specialists in Self-Managed Super Funds, Personal, Small businesses, Trust, Partnerships, and Cryptocurrency taxation.
Foxton Financial Blog
9M ago
Part-Time Accountant (Junior/Intermediate) – Work from Home
We are currently seeking a highly motivated and skilled part-time accountant (junior or intermediate level) to join our team. This position offers the flexibility of working from home, flexible hours, providing you with the opportunity to showcase your accounting expertise.
You will report directly to the Director.
Responsibilities:
– Able to commit to 15-20 hours per week, you can define what hours suit you.
– be able to work independently.
– Manage accounting tasks and financial records with precision and accuracy.
– Prepare and mai ..read more
Foxton Financial Blog
1y ago
As expected, the 2023-2024 Federal Budget has placed a strong emphasis on the cost of living and establishing a stronger, secure economy.
From an SMSF perspective, we were pleased to see there were no unexpected changes likely to significantly impact the sector or superannuation more broadly. As expected, we saw continued provisions for the Government’s proposed $3 million tax threshold for superannuation balances.
The following is a brief summary of the key changes relevant to the SMSF sector.
Better Targeted Superannuation Concessions
The Government will be going ahead with its previously an ..read more
Foxton Financial Blog
1y ago
Are you looking to sell your property but you’re unsure of its value or if now is the right time to sell?
InfoTrackGO’s IntelliVal Automated Modelling reports can provide you with an approximate evaluation of your property’s worth without the hassle of hiring an appraiser.
Having a valuation certificate on hand can give you an edge in negotiations to ensure that you’re getting a fair price for your property. It’s also a valuable tool for prospective buyers who may be interested in your property, as it provides them with relevant information upfront.
With InfoTrackGO, you ..read more
Foxton Financial Blog
1y ago
https://foxtonfinancial.com.au/wp-content/uploads/2023/04/Superannuation-Rates-and-Thresholds_SMSF-Connect_UPDATED-1.pdf ..read more
Foxton Financial Blog
1y ago
New data released
Naturally, people aspire to get the most out of their investments, especially if a great opportunity is presented by a ‘trusted’ organisation. However, investment scams occur more often than you may think, highlighting the risk both self-directed investors and SMSF trustees may potentially face when seeking ew investment opportunities.
New data released from Scamwatch Australia has reinforced the sophistication and rapidly growing number of scams each year in Australia – which has caused a loss of over $2 billion* in total in 2021 – $701 million of which related to investment ..read more
Foxton Financial Blog
1y ago
We have some exciting news, our Practice is up for an award!
Our Practice is a member of the Institute of Public Accountants (IPA) and each year they sponsor two very important awards, namely the IPA Member of the Year Award and the IPA Practice of the Year Award. We are proud to tell you that we have been nominated for the 2020 Practice of the Year Award.
We’re hoping we can count on your support by way of an endorsement. If you could kindly take 2-3 minutes to complete a brief survey supporting our nomination that would be greatly appreciated. The primary question relates to why you thi ..read more
Foxton Financial Blog
1y ago
The COVID-19 pandemic has affected everyone’s lives, and SMSF trustees are no exception.
While the worst of the pandemic is (hopefully) behind us, trustees still have difficult questions to ponder as they focus on how best to position their SMSF in 2020-21, as well as meet their annual regulatory obligations for 2019-20.
If there is anything in this paper that you are unsure about, we encourage you to contact me to discuss your specific circumstances in more detail.
Meeting new pension requirements
To help manage the economic impact of COVID-19, the Government has reduced the minimum drawdown ..read more
Foxton Financial Blog
1y ago
Despite well formulated investment strategies and appropriate investment advice, no trustee could have foreseen the impacts of COVID-19 on financial markets globally. Whilst history suggests that a strong recovery is likely within a relatively short period after large market corrections, it is still too early to know the impact of COVID-19 on members’ retirement plans.
If your SMSF has experienced some negative returns, there may be an opportunity to ensure member benefits are restored in the most tax effective manner. Particularly if members are approaching retirement and do not have the luxu ..read more