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.
Stellar Super enjoyed a great night at the Australian Accounting Awards, hosted by Vince Sorrenti. Stellar Super was excited and proud to take home the 2020 Superannuation Specialist Accountant of the Year award for Brooke Hepburn-Rogers, our Director.
The Australian Accounting Awards is regarded as the industry’s most prestigious accolades recognising excellence across the entire accounting industry. The awards pinpoint professional development and innovation, showcasing both the individuals and firms which are leading the way in the industry.
https://www.accountantsdaily.com.au/australian-accounting-awards/about
Accountants Daily’s Australian Accounting Awards showcases the industry’s most prestigious accolades recognising excellence across the entire accounting industry. The awards pinpoint professional development and innovation, showcasing both the individuals and firms which are leading the way in the industry.
Award recipients represent a true cross section of the accounting industry, recognising the contributions of the profession’s most senior ranks through to its rising stars.
The finalists which are announced over several weeks beginning on 11 May 2020, features over 260 high-achieving accounting professionals across 33 submission-based categories. Continue reading
Over the past two weeks the Government has announced two economic stimulus packages to cushion the economic impact of the Coronavirus.
A total of $189 billion is being injected into the economy by all arms of Government in order to keep Australians in work and businesses in business.
This includes $17.6 billion for the Government’s first economic stimulus package, $90 billion from the RBA and $15 billion from the Government to deliver easier access to finance, and $66.1 billion in yesterday’s economic support package.
As an SMSF trustee, you need to take special care when paying death benefits as you are responsible for ensuring that the payment rules are met. Strict rules apply, affecting who can receive a death benefit, the form in which the death benefit can be paid and the timing of such a payment.
Regardless of the size of your superannuation benefits, it is vital that you sort out your estate plans to ensure that you have a well prepared estate plan so that the right assets go to the right beneficiaries. You need to make sure that you get holistic estate planning advice and have arrangements in place to review your estate plans regularly. Estate plans are not to be set and forgotten.
From all of us at Stellar, and Tribe Group, we wish you had a Merry Christmas and all the best for the New Year.
Graduating from The University of Adelaide, for the second time, with the Graduate Certificate of SMSF is an accomplishment that I am proud of.
I was first made aware of the Professional Certificate of SMSF whilst attending the SMSF Association’s Annual National Conference several 
years ago. The idea of having further education that was specific to my industry was incredibly interesting, particularly in how beneficial it would potentially be for me to grow as an Industry Professional.
The ATO will be writing to SMSFs that have all their retirement savings tied up in CryptoCurrency and Property. This is an interesting article from the Australian.
Brooke Hepburn-Rogers has been named a finalist in the Women in Finance Awards for Accountant of the Year.
