At Pinnacle Tax & Accounting (PTA) we have made it our business to help our clients achieve success. We offer a straight forward accounting service tailored to meet your personal / business financial situation.
The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament with the majority of reforms taking effect on 1 July 2017. The most significant changes include the introduction of the transfer balance cap (TBC), CGT relief provisions and Total Superannuation Balance (TSB). With these superannuation changes, it is more important than ever that trustees of SMSF’s revalue the assets in their fund on at least an annual basis. We have listed some guidelines to assist in revaluing the assets in your SMSF.