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If you have more than one superannuation account and have purposely left a small balance in order to retain insurance in that fund, then this is a must read for you.

As of 1 July 2019, there will be changes made to superannuation accounts classified as having a low balance. The threshold for the low balance classification is $6,000. Anything under this balance will automatically be classified as a “low balance super account”.

The continuing and compounding effects of the current drought mean NSW had its driest start to a year since 1982. The NSW Government has assessed the conditions and announced the Emergency Drought Relief Package to ease financial pressure on farmers and support the communities affected.

The arrival of a new year is often seen as a good time for change. After some time to stop and reflect over the Christmas break, if you have new years resolutions for your business we'd love to hear from you and assist in making them a reality. Book a free 30 minute consultation with your accountant before 31 January and kick-start your new year.


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