The latest news from Sciacca Accountants + Advisers
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February is a SUPER month!
Start the new year right!

To say thank you for being a valued client, we'd like to offer you a
FREE Cashflow Report
(valued at $660)
to help you reach your goals in 2014. Simply call us on 3357 5553 and book your appointment with John today.

MySuper now compulsory

From 1 January 2014, employers need to make super contributions to a fund that offers a MySuper product for any employee who does not select a preferred fund.

MySuper is a new low cost and simple superannuation product that will replace existing default funds.  MySuper products must meet APRA approved standards including not having entry fees, the exit fees being limited to cost recovery, and the ability to accept all types of superannuation contributions.

A list of authorised MySuper funds is available on the APRA website at

Watch this video for more information.

For more information or to book a complimentary consultation with John, call us on 3357 5553 today.

Super insurance news

Recent changes to superannuation rules make now a good time to have a look at your insurance cover within super.

Protecting your family does not cost a lot of money - and even can appear free - within super, yet research constantly finds that Australians are underinsured.

That's because most people have very little understanding of it.

Put simply, having the right amount of insurance can give you peace of mind if you're unable to work. And did you know it is usually much cheaper to get insurance through your super fund than to buy it direct from an insurer?

Changes last month have made it compulsory for super funds to provide death and TPD insurance to members of their basic MySuper products, on an opt-out basis.

The Australian Securities and Investments Commission's website says insurance through super is often cheaper because the funds buy it in bulk, but people should first check if the super fund has any limits on the type of insurance or cover available.

For more information or to book a complimentary consultation with John, call us on 3357 5553 today.
Sciacca's News
Too young for SMSF?

Think again!

One in every four Australians planning to start an SMSF in the 2014 financial year is under 35. An even higher proportion plans to start an SMSF in the near future, with Gen Ys accounting for 46% of future SMSF investors. >> read more

Got a question? Give John a call to discuss your SMSF options on 07 3357 5553.
Call 07 3357 5553
235 Stafford Road, Stafford 4053
PO Box 1570, Stafford 4053
For all the latest updates, be sure to connect with us on social media:
21 Activity statements - monthly 
28 Activity statements - Q2
28 Tax, GST and PAYG

21 Activity statements - monthly

21 Activity statements - monthly 
21 Activity statements - Q3
28 Activity statements, PAYG, GST - Q3
28 Super guarantee contributions
30 TFN report Q3

More key dates

Original SIN is a Gold Coast company who have developed a 50+ sunscreen that protects not only the skin but also protects and enhances much loved body art.

Named Original SIN, which stands for Skin Ink and Nurture, the sunscreen is the brainchild of Dracy Woods, Lachlan Pennefather and AJ George who identified the need for a product to cater for people who have tattoos or body art.

>>read more
Do you know of anyone who would benefit from our services? If you are happy with the service we provide, we'd be really grateful if you would pass on our contact details. The first meeting is complimentary.  
Sciacca's Financial Services is an Authorised Representative of Count. 'Count' and Count Wealth Accountants® are trading names of Count Financial Limited, ABN 19 001 974 625 AFSL 227232 ("Count") a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.
Copyright © 2014 Sciacca's Accountants and Advisers, All rights reserved.

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