The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that over 16,500 self managed superannuation funds (SMSFs) have reported assets as having the same value for three consecutive years. With many of these assets residential or commercial Australian property, you can forgive the ATO for...Read More

Brisbane, Australia – In a significant move to enhance its global financial services and commitment to cross-border excellence, Solomons Group Australia is delighted to announce the partnership with Sam Chung as our Cross Border Engagement Lead based in our Brisbane office. Sam’s illustrious career in the financial sector spans over two decades, with key positions...Read More

Recognizing his outstanding contributions and leadership in fostering economic ties between Hong Kong and Australia, Jonathan Lee has been honoured as a finalist in the Business Awards 2023 by the Hong Kong Australia Business Association Queensland Chapter. Brisbane, Queensland – In a commendable recognition of his business acumen and contributions to the industry, Jonathan Lee...Read More

The rapid development of Artificial Intelligence (AI) in recent years has exceeded all expectations. We never imagined that we could one day have interactive and meaningful conversations with artificial technology. AI technology has now become an integral part of our daily lives and has led to widespread adoption across multiple industries. In fact, according to...Read More

According to CoreLogic, Australian house prices increased +22.1%[1] in 2021, led by Australia’s largest city of Sydney (+25.3%). It is likely that there have been a few culprits for this stellar performance, including record low interest rates, healthy household balance sheets, and perhaps a new desire to re-invest in the home as some workers contemplate an...Read More

Twitter & Square Founder, Jack Dorsey has reached a deal to acquire Australia’s Afterpay in an all-stock transaction  The digital payments company known for its popular Cash App – Square is acquiring Afterpay, an Australian ‘buy now, pay later’ (BNPL) operator in a “game-changing” A$39 billion (US$29 billion) deal – the largest corporate acquisition deal...Read More

Johnny Shin, Managing Director of Solomons Wealth Management met with Chris Bedingfield, Portfolio Manager from Quay Global Investors, global REITS investment fund. We’ve discussed insights across listed global property market, post COVID thematic and emerging opportunities. Chris has nearly 30 years of experience working as a real estate specialist with a background in investment banking...Read More

It’s now been one year since the COVID-19 outbreak sent global markets into freefall. How have investors fared since the 2020 crash and what are the lessons learned? Hungarian-born illusionist Harry Houdini was famous for his great escapes. So was American actor Steve McQueen, at least in his onscreen role in the 1963 film classic The...Read More

Article Source: Morningstar (https://www.morningstar.com.au/smsf/article/why-smsf-members-should-plan-on-living-to-100/207765) It found life expectancies for SMSF trustees averaged 90 years for men and 91.7 years for women, exceeding the Australian average by 2.7 and 2.3 years, respectively. This is due to such factors as health, nutrition and lifestyle, quality of housing, geographical location and occupation. SMSF trustees are also wealthier and...Read More

The latest Australian corporate earnings reporting season is now underway, and it’s widely expected many listed companies will announce cuts to their shareholder dividend payments. This should not really come as a total surprise to equity investors. While the full impact of the COVID-19 pandemic on company earnings will be unfolding for some time, it...Read More