Class welcomes SMSF flexibility announced in Budget 2021

May 13, 2021
The Budget 2021 includes a number of positive measures specific to the wealth accounting sector that are to be welcomed, but the industry needs ongoing evolution through government, according to Class Limited CEO, Andrew Russell.

Changing accounting climate driving growth in trusts

May 4, 2021
Self-managed super funds (SMSFs) have long played a pivotal role in the business models of key accounting firms. However, changes in superannuation policy around contribution caps and the introduction of the transfer balance cap have motivated accountants and advisers to provide investors with the next best alternative for tax effective wealth management.

How to handle unusual assets in your SMSF

June 1, 2020
Investors often talk about running a self-managed superannuation fund (SMSF) being difficult or risky. This is probably because trustees of SMSFs are ultimately responsible for complying with all the rules, many of which they don’t understand in detail. That sounds risky!

How to ease tax time pain with automation

May 12, 2020
The end of the financial year means wrapping up 12 months of activity for clients, lodging records with the Australian Taxation Office and finalising accounts. It is a time when every client needs attention and accounting practices’ resources are stretched. This is why more and more accounting processes are relying on automation to reduce manual work and streamline processes.

How to Prepare for the End of Financial Year in the Age of COVID-19

April 22, 2020
Although much attention is focused on the world’s battle with coronavirus, it shouldn’t be forgotten that the end of the financial year is fast approaching. Despite the pandemic affecting individuals and businesses across Australia in many different ways, now is still the time to prepare for an unusual end of the financial year.

Three COVID-19 Lessons for Tech Companies

April 22, 2020
The spread of COVID-19 has impacted all aspects of business, and the technology sector is no exception. While some tech businesses have shot to global prominence, others have had their fundamental value questioned. We explore three lessons tech companies can learn from recent events.

How Class is supporting its people

April 16, 2020
Transitioning a business to operate in the current, topsy-turvy market conditions has required a wide range of initiatives. Through it all, ensuring the wellbeing of staff remains our top priority.

How Class is implementing the recent super changes

April 3, 2020
The Australian Federal Government has responded to the COVID-19 pandemic by releasing three stages of stimulus, focusing on small business, those who have lost their employment, and those who were already receiving government support. Here we step through them, and outline what Class is doing to help ensure our customers can help their clients.

Class is now ISO27001 certified

April 1, 2020
Given the current challenging environment we all find ourselves in and that many Australians have moved to remote working, Class would like to take a moment to update you on our latest data security compliance and to reassure our customers that your data is safe with us.

St Vincent de Paul CEO Sleepout

June 7, 2017
This year I am taking part in the St Vincent de Paul CEO Sleepout in Sydney on 22 June. Along with other CEOs, I’ll be sleeping outdoors…

Collectables and personal use assets in an SMSF

December 7, 2015
All newly acquired investments by SMSF trustees in collectables and personal use assets since 1 July 2011 have been subject to strict rules under reg 13.18AA of theSuperannuation Industry (Supervision) Regulations 1994 (Cth) (‘SISR’).