Super fund stapling: 3 things every employer needs to know

Posted by Team AVS on 28 Apr, 2026 0 Comments

The ATO is reminding employers of 3 key things they need to know about super fund stapling.

Super fund stapling is helping more Australians keep their super consolidated, with nearly 80% of people now holding only one super account, and the Australian Taxation Office (ATO) is reminding employers of the key things they need to know when onboarding new employees.

ATO Deputy Commissioner Ben Kelly said employers play a critical role in making

Holding SMSF assets

Posted by Team AVS on 30 Mar, 2026 0 Comments

Understand how to assign assets during SMSF setup and the requirement for legal ownership to be in the fund's name.

Assigning assets

To legally establish your self-managed super fund (SMSF), you must have:

trustees
beneficiaries
a trust deed
assets set aside for the benefit of members.

If a rollover, transfer or contribution is expected in the near future, a nominal amount (for example, $10) can be held with the trust deed. Thi

Late payment offset will no longer be available

Posted by Team AVS on 10 Mar, 2026 0 Comments

Late payment offset (LPO) can't be used after the quarter ending 31 March 2026.

Currently, employers who make a late super guarantee (SG) payment can lodge a super guarantee charge (SGC) statement and use the LPO to reduce their SGC liability by amounts paid late to a fund.

With Payday Super being introduced, this will no longer be available. The last time your employer clients can use LPO is for the quarter ending 31 March 2026. Supe

Restrictions on voluntary contributions

Posted by Team AVS on 23 Feb, 2026 0 Comments

Understand what voluntary contributions your super fund can accept.

About voluntary contributions

Voluntary contributions you or others can make to your super fund include:

salary sacrifice contributions
personal contributions
spouse contributions
contributions by parents, other family or friends (not in the capacity of an employer)
contributions by an insurer
contributions by employers above their SG or award obligations
go

ATO urges small businesses to take simple steps to avoid compliance action

Posted by Team AVS on 11 Feb, 2026 0 Comments

The ATO has advice for small businesses to avoid compliance actions.

The Australian Taxation Office (ATO) is encouraging small businesses to start 2026 strong to avoid compliance actions.

ATO Assistant Commissioner Angela Allen said the new calendar year is the perfect time for small businesses to reset their habits to set themselves up for success.

‘Every year we see small businesses run into avoidable issues because they haven’t ke

Time limits on tax return amendments

Posted by Team AVS on 30 Jan, 2026 0 Comments

Find out the time limit to amend your assessment if you're an individual or a sole trader.

Assessments

When you lodge your tax return for an income year, we issue you with an assessment (original assessment). An assessment shows your tax liability for that income year.

The ATO will issue you with an amended assessment showing your updated tax liability if either:

you request an amendment to your assessment, for example to include a d

Superannuation and relationship breakdown

Posted by Team AVS on 15 Jan, 2026 0 Comments

How your super is affected if your marriage or relationship breaks down.

Overview

If your relationship with your spouse ends, you should be aware of what can happen to the super entitlements of you both.

The Family Court and super-splitting laws generally enable super interests (accounts in super funds) or super payments (pensions or annuities) to be split by agreement or court order if a relationship breaks down.

There are options fo

Selling a going concern

Posted by Team AVS on 24 Dec, 2025 0 Comments

Consider what your GST obligations are if you are selling an ongoing concern.

Introduction

You are selling a 'going concern' if the:

sale includes everything that's necessary for the continued operation of the business
business is carried on by you until the day of sale.

Property that's part of a sale of a going concern can include any of the following:

the business property, when sold together with the assets and operating str

Personal super contributions

Posted by Team AVS on 15 Dec, 2025 0 Comments

Personal super contributions

How to make personal super contributions, including claiming a tax deduction so they are concessional contributions.

What are personal super contributions?

You can boost your super by adding your own personal contributions, which are the amounts you contribute directly to your super fund.

If you claim a tax deduction for them, they're concessional contributions and are effectively from your pre-tax income.

ATO warns about barter credit tax scheme

Posted by Team AVS on 3 Dec, 2025 0 Comments

The ATO is warning the community to steer clear of an emerging tax scheme involving barter credits.

The Australian Taxation Office (ATO) is warning the community to steer clear of an emerging tax scheme involving barter credits – a type of alternative currency used in some business networks.

A tax scheme that involves artificially inflating deductions for donations of barter credits to deductible gift recipients (DGRs) is on the rise. W

“Team at AVS Business Services helped us set up our SMSF and put the correct structure in place for acquisition of real properties in our SMSF. AVS has exceeded our expectations and their specialist team has provided valuable support throughout the process of buying properties in our SMSF. We highly recommend their services. “

G.D Singh & Dr Jaskirat Singh SMSF Trustees

Being a layman with Tax and Accounting and new to Australia, I was looking for a professional and efficient tax accountant who can also help me understand the tax structure here and show some avenues to save money.I was recommended to AVS through my friend and it was no looking back since then.Team at AVS are diligent tax professionals with an eye to detail. They spend time in understanding the requirements and needs of clients, ensuring it aligns with all the legal aspects.I am very pleased working with AVS and would recommend to anyone who is looking for professional, efficient and personalized tax accounting services.

Som Mukherjee IT Professional - Project Manager - Banking and Finance

"AVS Business Services have been looking after our SMSF and our family’s tax affairs for a number of years. Their experience, professionalism and knowledge is of the highest order.Their personalized service and depth of understanding in setting up and managing a SMSF is excellent. They are also happy to go out of their way to assist in every way no matter how small it is."

We would be happy to recommend their services.

Glenn & Andrea Bouche SMSF Trustees

"We've utilised the services of AVS Business Services for a few years now and can honestly say the team of AVS have always provided excellent service on a personal and business level. Nothing is too much trouble and they're readily available to assist at the drop of a hat. Their service sets them apart from previous accountants worked with. We would definitely recommend their service to anyone looking for an accountant.”

Aaron & Linda Henry A.B Henry Pty Ltd

“I was looking to move away from accounting on spreadsheets so that I could have better control over my business. AVS Business Services looked in detail at my accounting needs and helped me choose the solution that is best for me. I am very pleased with the inputs I receive from them on a regular basis and would recommend their services to anyone without hesitation”

Deepak Kumar Director, D.S Webtech Pty Ltd

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