Articles

by TMS Financials

We continuously work to assist both new and current small business owners and professionals by sharing articles designed to answer frequent queries and address typical challenges. Explore our range of tips on accounting, bookkeeping, and taxes to get a clearer picture of your small business’s financial health.

Taxation and Compliance

Small Business

Property Tax Accounting

Self Managed Superannuation Funds

Business and Investment Structures

Accounting and Bookkeeping

Understanding the bring forward rule for better retirement planning

Understanding the bring forward rule for better retirement planning. The bring forward rule, also known as the bring forward arrangement, is a strategic method to increase your superannuation contributions, particularly your non-concessional contributions, within a...

Guide to understanding the Maximum Super Contribution Base (MSCB) and how to manage your superannuation contributions

Guide to understanding the Maximum Super Contribution Base (MSCB)

What is a Superannuation Standard Choice Form?

Home | Articles | What is a Superannuation Standard Choice Form?Super Choice, short for Superannuation Standard Choice Form, is used to let employers know their employee's selected superannuation fund. Superannuation funds, often referred to as super funds, are a type...

Super Due Dates

Home | Articles | Super Due DatesAs an employer, you have specific responsibilities to fulfill regarding superannuation contributions for eligible employees, who are essentially those classified as employees under superannuation regulations. One such responsibility is...

Understanding how to withdraw super

Home | Articles | Understanding how to withdraw superWhat is superannuation?Superannuation, commonly referred to as 'super,' is a long-term investment designed to provide financial stability during your retirement years. It functions by pooling funds into a super...

Why You Need an SMSF Accountant for Effective Fund Management

Home | Articles | Why You Need an SMSF Accountant for Effective Fund Management Managing a Self Managed Super Fund (SMSF) offers unparalleled control over your investments, but it comes with complex compliance and taxation obligations. With stringent requirements set...

Understanding the New Tax on Super Over 3 Million

Home | Articles | Understanding the New Tax on Super Over 3 MillionStarting from 1 July 2025 the new tax on super over 3 million will be subjected to a 30% tax rate, meaning any surplus earnings will generally be liable to an overall tax rate of 30%. Income linked to...

Thinking About Setting up a SMSF (Self-Managed Super Fund)? Here’s What You Need to Know

Home | Articles | Thinking About Setting up a SMSF (Self-Managed Super Fund)? Here's What You Need to KnowIf you're considering setting up a SMSF Self-Managed Super Fund , it's important to understand the ins and outs of Self-managed super fund. While tax agents can't...

Maximise Your Tax Savings and Grow Your Wealth with Strategic Tax Planning

Home | Articles | Maximise Your Tax Savings and Grow Your Wealth with Strategic Tax PlanningAre you looking to optimise your financial outcomes, reduce tax liabilities, and accelerate wealth growth? With the financial year-end approaching, now is the perfect time to...