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Changing Trustees of an SMSF

Max Newnham - 8 Apr 2015

Trustees of SMSFs that were set up more than 10 years ago, that are now…


Are SMSFs Losing Their Appeal?

Max Newnham - 26 Nov 2014

Research carried out by DEXX&R, an Australian financial services research house, appears to indicate that…


Centrelink Tips And Traps With Account Based Pensions

Max Newnham - 1 Oct 2014

With the Centrelink income test changing from January 1, 2015 for account based pensions many…


MySuper accounts

Max Newnham - 16 Sep 2014

These accounts are offered by both industry and commercial superannuation funds. They are more like…


The cost of calling yourself a company

Max Newnham - 17 Jan 2012

When people seek professional advice on how to best own and operate a business they…


What's your business really worth?

Max Newnham - 12 Dec 2011

One of the sad truths of people who buy small businesses is that they often…


Pension level depends on total asset value

Max Newnham - 9 Dec 2011

For many baby boomers the superannuation guarantee contributions made by their employers, although having increased…


Tax tactics: what to claim when you work from home

Max Newnham - 5 Dec 2011

It is common for owners of a small business to use their home for running…


Whatever the super changes, someone loses

Max Newnham - 2 Dec 2011

The unfortunate truth about Australian politics is that both major parties tend to look after…


Life's certainties: death, taxes and changes to super

Max Newnham - 1 Dec 2011

Over the past 28 years the one constant for superannuation has been change. It has…


Super levy rise a hefty price to pay, for some

Max Newnham - 11 Nov 2011

The passing by both houses of parliament of the carbon tax legislation has created a…


How to write off business costs

Max Newnham - 7 Nov 2011

When the mining tax legislation was introduced several other tax based pieces of legislation were…


Super contributions on the way up (hopefully)

Max Newnham - 4 Nov 2011

Legislation was introduced into federal parliament this week to increase compulsory employer super guarantee contributions…


Unfair dismissal: a see-saw for small business

Max Newnham - 2 Nov 2011

Owners have to put up with many things that can affect their business. Some things…


Supercharging your super with a transition pension

Max Newnham - 29 Oct 2011

There are many strategies that can be used to increase your retirement investments. One of…


Write, which way should I pay my tax?

Max Newnham - 24 Oct 2011

Applying for an ABN and running a business does not change the way a person…


It pays to know how your super fund rates

Max Newnham - 21 Oct 2011

Nearly all industries have some form of awards night. The TV industry has the Logies,…


Claiming company expenses

Max Newnham - 17 Oct 2011

When a business is registered for GST it can claim the GST input tax included…


Can't pay the ATO? Don't do a runner

Max Newnham - 13 Oct 2011

In this two speed economy there are many small businesses doing it tough. The federal…


Many benefits from setting up your own fund

Max Newnham - 7 Oct 2011

There are many reasons apart from cost savings that people set up self managed super…


The Small Business Commissioner

Max Newnham - 25 Sep 2011

Owners of small businesses can often feel alone with no one to support them. This…


Tax Office Throws a Measured Audit Net Over Small Business

Max Newnham - 18 Sep 2011

Benchmarking is often used to improve performance. In sport AFL clubs compare their marks, handballs…


The Tax Myths of Property Investment

Max Newnham - 11 Sep 2011

Australia’s love affair with property is well known. We have one of the largest percentages…


What Super Fund is Best for You

Max Newnham - 4 Sep 2011

It is common for someone to have different types of superannuation funds over their working…


Small Business Tax Mistakes

Max Newnham - 28 Aug 2011

When it comes to tax mistakes a business owner can make there are many. But…


Taxing Rental Property Questions

Max Newnham - 21 Aug 2011

In a recent article I advised of the importance of obtaining a depreciation report from…


What is an SMSF and Avoiding Tax Penalties

Max Newnham - 14 Aug 2011

There are four main conditions that a super fund must meet to be classed as…


The Facts About Factoring

Max Newnham - 7 Aug 2011

Businesses that sell their goods and services on credit can sometimes experience poor cash flow…


Non-Commercial Loss Rules

Max Newnham - 31 Jul 2011

At the same time the GST commenced the non-commercial loss rules were introduced. Under these…


Residency Questions Confuse Investors

Max Newnham - 24 Jul 2011

Whether someone is classed as an Australian resident for tax purposes has a major effect…


Small Businesses at Risk from Fair Work Ombudsman

Max Newnham - 17 Jul 2011

A penalty handed down by the Fair Work Ombudsman in a case of an employer…


Questions on Australian Tax Residency

Max Newnham - 10 Jul 2011

The residency of a person dictates how their income is taxed. But the residency tests…


What is an SMSF

Max Newnham - 3 Jul 2011

For a super fund to be classed as an SMSF it must meet the following…


Planning for Business Success

Max Newnham - 26 Jun 2011

Last week I answered a question from a reader that had set up an online…


Maximising Car Tax Deductions

Max Newnham - 19 Jun 2011

Motor vehicles are often a necessity for business. Where their use will be for business…


GST and Rental Properties

Max Newnham - 12 Jun 2011

In most cases the only taxes property investors have to deal with are income tax…


Sex Kids Cancer and Oral Advice, All Matter in Super

Max Newnham - 5 Jun 2011

Despite the new superannuation system being simpler and better, where a person gets it wrong…


Finding a Good Accountant

Max Newnham - 29 May 2011

In these troubled economic times’s business owners and investors more than ever need to find…


Claiming Motor Vehicles

Max Newnham - 22 May 2011

Before this year's federal budget there were five ways a business owner could claim for…


Commencing a Pension in an SMSF

Max Newnham - 15 May 2011

The amount of work and documentation required by trustees of an SMSF to commence a…


Rental Property Tax Deductions

Max Newnham - 1 May 2011

Investing in property can bring many rewards. Where gearing is involved the losses can help…


Avoiding High Flying Business Mistakes

Max Newnham - 24 Apr 2011

At the time Ansett Airlines collapsed I wrote an article about what small-business owners could…


Avoiding Car GST Traps

Max Newnham - 17 Apr 2011

When a business sells and purchases a new asset, such as a motor vehicle, there…


How to Sell Your Business Rather Than Die in it

Max Newnham - 10 Apr 2011

By now most Australian’s are aware of the impact an aging population will have on…


The Seven Keys to Business Success

Max Newnham - 3 Apr 2011

I have been running my own small business, and advising small business owners, for almost…


End of Year Tax Planning

Max Newnham - 2 Mar 2011

Too often investors undertake tax planning as the financial year is about to finish. This…


Getting the ownership of Investments right

Max Newnham - 21 Feb 2011

There are many options on how you own investments, if you make the wrong choice…


Inheriting a property can create tax headaches

Max Newnham - 16 Feb 2011

Prior to the current capital gains tax regime tax was only paid on the sale…


As seen in

Read Max Newnham's columns in the following Publications:
Sydney Morning Herald
Eureka Report
The Age Melbourne
Brisbane Times
The Examiner Hobart, Tasmania
WA Today, Perth WA
Professional Planner Australia