Wednesday, January 19, 2022
News & Updates
    Accounting, Accounts  cash, money 
Simplified depreciation rules for small business
July 29, 2013 

If you need to buy depreciating assets in your business – computers, machinery, cars, etc., - then the new rules that came into effect on 1 July 2012 provide some significant tax advantages for businesses with turnover of less than $2 million.

Expanding our horizons!
Click on the link to find out just how you can stay in touch.

The Guide to activity statements (BAS)
An overview...

Are you being paid enough super?
The employee superannuation guarantee (SG) calculator tool is designed to help you determine whether you are eligible for SG contributions, and whether your employer is paying the correct amount.


Self Managed Super Funds (SMSFs) are the fastest growing segment in the superannuation industry and account for over 25% of Australia's total superannuation pool.

Why? Because more and more Australians are taking control of their superannuation, choosing to work closely with a Financial Adviser for individual attention and advice.

Axess Accounting has introduced an innovative structure for people who want to take control of their superannuation future. By establishing a SMSF and working closely with your Financial Adviser, you can benefit from:

  • Direct control of your superannuation
  • Individual attention and advice
  • Better investments choice and potential for performance
  • Tax savings/tax minimisation strategies
  • Cost savings

Direct Control

By running your own super fund, you benefit from flexibility and control. You can customise your savings and investment strategy to suit your individual circumstances and enjoy access to a greater variety of investments.

Individual Attention and Advice

Unlike dealing with retail funds of Fund Managers, you deal direct with your AAAFI Financial Adviser, somebody you know and trust for quality investment advice.

Better Investment Choices

With a SMSF you have access to a greater variety of investments. These include direct shares, derivatives, managed funds, property and more! With access to greater variety of investments, along with specialised attention and advice, you have the opportunity to see the value of your superannuation savings grow.

Tax Savings

Superannuation provides significant taxation advantages and is an attractive structure to hold investments in.
Tax on income received from investments in your SMSF is a maximum of 15%, and capital gains tax is a maximum of 10% for assets held greater than 12 months.
From July 1 2007, where a fund is paying a pension there is NO TAX PAYABLE on the pension account. That is $0 tax on investment income and $0 tax on capital gains for a pension account.

In fact, where a pension account has invested in direct shares, it is possible to receive a refund cheque from the ATO each year through the refund of franking credits! With tax savings of up to 46.5% on the highest marginal tax rate, it's no wonder more and more people are utilising a Self Managed Super Fund to invest their longer term savings.


Administration and management costs are generally fixed, and not linked to the value of your superannuation.

Is a SMSF for you?

Your superannuation is likely to be your single largest asset outside of owning your own home. It deserves individual attention!

The Axess Accounting's SMSF Management Service can assist you with all aspects of managing your super - from setting up your SMSF and managing your ongoing investments. If your current superannuation assets are relatively low and unlikely to increase significantly in the short term, an SMSF may not be the solution for you at this time. Your AAAFI Adviser is able to guide you through the comparative costs and tailor a recommendation for you.

The Axess Accounting SMSF Management Service

We can establish and assist you to manage your own DIY superannuation fund, providing full accounting and audit services. This allows you to take control and can provide wider investment alternatives and advanced taxation planning.
We offer expertise, We have a total solution.

Let's get started.

Important Note: The above is intended as general information only and does not take into account the individual readers' financial circumstances, needs or objectives. You should consult an Axess Accounting adviser before taking any action based on this information.