Insights

Lanteri Partners Group develops and implements tailored financial plans that create, build and protect your wealth.

We have achieved excellent outcomes for our clients for more than 30 years because we are lateral thinking, dedicated and experienced people. Our advice is driven by solutions not products and guided by the latest and most up to date information .

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April 2023 Newsletter
Superannuation, Taxation, FBT, Financial Planning Ashley Coombes Superannuation, Taxation, FBT, Financial Planning Ashley Coombes

April 2023 Newsletter

Not many people know that there is more than $16 billion in lost and unclaimed superannuation across Australia. This is an increase of $2.1 billion since the previous financial year. Lost super is superannuation money held by superannuation funds that people have lost touch with. You become a “lost member” and your superannuation becomes “lost” if you are: Uncontactable – the fund has lost contact with you and your account hasn’t received a contribution or rollover for at least 12 months or; Inactive – your account hasn’t received a contribution or rollover in the past five years. The good news is that finding lost or unclaimed super is easy, and can be done in a matter of minutes.

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March 2023 Newsletter
Superannuation, Taxation, FBT Ashley Coombes Superannuation, Taxation, FBT Ashley Coombes

March 2023 Newsletter

The ATO has finalised its new compliance guidance around the requirements for work-from-home deductions. The fixed rate method has now been revised. The revised method increases the claim from 52 cents to 67 cents per-hour. However, this rate now includes internet, phone, stationery and computer consumables. The record-keeping requirements under the revised fix rate method are now more onerous, also. You now need to keep a record of actual hours worked from home. The ATO will no longer accept estimates, or a four-week representative diary. This requirement is effective immediately (1 March).

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November 2022 Newsletter

November 2022 Newsletter

Have you applied for your director identification number? Time is running out to meet the 30 November 2022 deadline which applies to most directors. All existing directors of a company, registered Australian body, registered foreign company, or a director of corporate trustees of an SMSF are required to apply for a director ID. A director ID is a unique 15-digit identifier that all directors or people intending to become directors must apply for. It’s free to apply and you only need to apply once. A director must apply for their own director ID personally.

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September 2022 Newsletter

September 2022 Newsletter

Is your estate plan in order? Estate planning is ultimately about ensuring that you have the right mechanisms in place to ensure that, in the event of your death, your assets pass in the manner that you intend. The steps in the process involve identifying the assets in play – this could involve savings accounts, shares, collectibles, property, vehicles, superannuation, and more! – and then who owns them. Having done that, the next question is one that only you can answer: how do you want these assets distributed upon your death? An estate plan brings about this outcome.

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November 2021 Newsletter

November 2021 Newsletter

In this issue: They say the two inevitable things in life are ‘death and taxes’, and in this newsletter we cover off both – as well as several updates on superannuation. In the world of tax, we examine how the CGT retirement exemption works where a gain has been made by company or trust

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September 2021 Newsletter

September 2021 Newsletter

In this issue: How to treat work-related travel and living away from home costs; SMSFs and property development – emerging risks; Claiming GST credits for employee reimbursements; Buying a new house before selling the old one; Trust distributions to non-residents; and ‘Stapling super’ – reducing multiple accounts for employees. Please contact us for clarification, or…

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