Self Managed Superannuation Fund Grab Yourself The Smsf Advantage!

Submitted by: SMSF Strategies

Self-Managed Superannuation Fund Grab yourself the SMSF Advantage!

To safeguard your future, taking wise investment decisions for the financial well being of yourself and your family is imperative. Using SMSF strategies to invest in property is a great option for you to invest, control/protect and manage the whole investment portfolio as per your discretion. In simple terms, an SMSF is a fund with less than five members. All the members of the fund form a trust and operate similar to a corporate trust structure. The members or trustees of the fund prepare and implement a reasonable and effective investment strategy for their fund. One unique feature of this fund is that there are many flexible options for investing into this fund either direct property, shares, bonds or any kind of assets. Usually close friends, family members or business partners tend to form a SMSF fund as it allows pooling of resources for a common objective. This type of fund offers many advantages to investors compared to other conventional institutionally managed superannuation funds.

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Another added advantage for using SMSF strategies for investing is that the cost and fees accrued in the maintenance of the fund is shared among all the members reducing the impact of risk on each trust member to a bare minimum. The income and capital gains derived from the fund are taxed at a rate of 15%, which is extremely reasonable. Also whether you are employed under someone, or own a business of your own SMSF s are portable and can be transferred from one job to another according to your convenience. SMSF funds are the most popular funds availed in Australia owing to its flexibility and lucrative returns on investment. There are also a variety of super annuation schemes for investors to choose from. This is a fantastic retirement plan. You actually invest in your future. Many investors choose this fund for safeguarding their interest at the time of their retirement.

Some recent statistics reveal that SMSF s can typically cost around $1700 per year. This may include audit and operating expenses. In fact Self Managed Super annuation funds are also known as Do IT yourself or DIY funds. The benefits derived from these funds are obviously for your retirement. The investment returns accrued via this fund are solely for commercial purpose and not for personal or private purposes. They are self managed as you as a trustee of the fund have the right to choose the type of investment you would want to make and also transfer the fund from job to job or from one generation of trustees to another. There are certain eligibility criteria set by Australian government to form this SMSF fund. Since there is a risk of having to pay tax penalties for non compliance, it is better to take the advice of SMSF specialists (Accountants) who have knowledge and experience in handling these funds. Our team of experts is well updated with all the rules and regulations governing this fund and can guide you in establishing such a fund. We can reveal all the secrets, in plain language, to help you understand and implement a plan to maximize your tax benefits, investment returns and reduce your risk profile. Come say hello and see if SMSF strategies for investment property may be for you.

About the Author: Want to know the best strategy for investing? SMSF secrets revealed! Using SMSF strategies to invest in property is a great option for you to invest. Learn more! Don t hesitate to visit.


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On the campaign trail, October 2012

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

Monday, November 5, 2012

The following is the twelfth and final edition of a monthly series chronicling the U.S. 2012 presidential election. It features original material compiled throughout the previous month after a brief mention of some of the month’s biggest stories.

In this month’s edition on the campaign trail: a fan of Wikinews asks a critical question at the Second presidential debate; Gary Johnson discusses Syria and foreign intervention with Wikinews, and three candidates give the their final plea to voters ahead of the November 6 election.

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Colleges offering admission to displaced New Orleans graduate students

See the discussion page for instructions on adding schools to this list.Tuesday, September 13, 2005

NAICU has created a list of colleges and universities accepting and/or offering assistance to displace faculty members. [1]Wednesday, September 7, 2005

This list is taken from Colleges offering admission to displaced New Orleans students, and is intended to make searching easier for faculty, graduate, and professional students.

In addition to the list below, the Association of American Law Schools has compiled a list of law schools offering assistance to displaced students. [2] As conditions vary by college, interested parties should contact the Office of Admissions at the school in question for specific requirements and up-to-date details.

The Association of American Medical Colleges is coordinating alternatives for medical students and residents displaced by Hurricane Katrina. [3] is acting as a central interactive hub for establishing research support in times of emergency. With so many scientists affected by Hurricane Katrina, ResCross is currently focused on providing information to identify sources of emergency support as quickly as possible. [4]

With so many scientists affected by Hurricane Katrina, ResCross is currently focused on providing information to identify sources of emergency support as quickly as possible.

Physics undergraduates, grad students, faculty and high school teachers can be matched up with housing and jobs at universities, schools and industry. [5] From the American Association of Physics Teachers, the Society of Physics Students, the American Institute of Physics and the American Physical Society.

If you are seeking or providing assistance, please use this site to find information on research support, available lab space/supplies, resources, guidelines and most importantly to communicate with fellow researchers.

The following is a partial list, sorted by location.

Alabama |Alaska |Arizona |Arkansas |California |Colorado |Connecticut |Delaware |District of Columbia |Florida |Georgia |Hawaii |Idaho |Illinois |Indiana |Iowa |Kansas |Kentucky |Louisiana |Maine |Maryland |Massachusetts |Michigan |Minnesota |Mississippi |Missouri |Montana |Nebraska |Nevada |New Hampshire |New Jersey |New Mexico |New York |North Carolina |North Dakota |Ohio |Oklahoma |Oregon |Pennsylvania |Rhode Island |South Carolina |South Dakota |Tennessee |Texas |Utah |Vermont |Virginia |Washington |West Virginia |Wisconsin |Wyoming |Canada

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Wikinews interviews former Salt Lake City mayor and 2012 presidential candidate Rocky Anderson

Wednesday, December 21, 2011

Former Salt Lake City mayor and human rights activist Rocky Anderson took some time to discuss his 2012 U.S. presidential campaign and the newly-created Justice Party with Wikinews reporter William S. Saturn.

Anderson served as mayor of Salt Lake City for eight years (2000–2008) as a member of the Democratic Party. During his tenure, he enacted proposals to reduce the city’s carbon emissions, reformed its criminal justice system, and positioned it as a leading sanctuary for refugees. After leaving office, Anderson grew critical of the Democratic Party’s failure to push for impeachment against President George W. Bush, and for not reversing policies on torture, taxes, and defense spending. He left the party earlier this year and announced that he would form a Third party.

Anderson officially established the Justice Party last week during a press conference in Washington D.C.. He proclaimed “We the people are powerful enough to end the perverse government-to-the-highest-bidder system sustained by the two dominant parties…We are here today for the sake of justice — social justice, environmental justice and economic justice.” The party promotes campaign finance reform and is attempting to appeal to the Occupy Wall Street movement. It is currently working on ballot access efforts, and will hold a Founding Convention in February 2012 in Salt Lake City.

Among other issues, Anderson discussed climate change, health care, education, and civil liberties. He detailed his successes as mayor of Salt Lake City, stressed the importance of executive experience, and expressed his views on President Barack Obama and some of the Republican Party presidential candidates. He spoke in depth about former Massachusetts governor Mitt Romney, with whom he worked during the 2002 Winter Olympics, and fellow Utahan, former governor and U.S. ambassador to China Jon Huntsman, Jr..

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5 Things You Might Not Know About Getting A Mortgage When You’re Self Employed

Submitted by: Anna Platz

1. You may need a two year track record.

This is not a hard and fast rule, but many mortgage lenders will want to see a two year history of self-employment in your chosen field. They want to be able to show that a certain earning level is consistent, and not the result of a few good months.

2. Your income is what’s on your tax return, not what’s on your paycheck.

Some self-employed borrowers have a tough time qualifying for a mortgage that they can reasonably afford because they write off a large portion of their income as business expenses in order to limit their tax liability. This can be an issue when applying for a home loan (or other credit account) because it lowers the borrower’s income on the tax returns which will be used to document annual income.

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3. You will be asked for additional documentation.

As mentioned above you will likely be asked to prove your income by providing copies of your tax returns. Most often lenders like to see returns for the two previous years. In addition you will probably asked be asked for copies of the following items, and potentially additional items depending on your scenario over and above the standard documents requested on a mortgage application:

* your business license

* a letter from your accountant

* a balance sheet and profit & loss statement for your business

4. Credit score, reserves, and ratios will be especially important.

These items are crucial to any underwriting decision, but when self-employed you want to do everything you can to present yourself as an attractive (low risk) borrower. Maintain a high credit score, build up your savings account, and work to get your debt to income (DTI) and loan to value (LTV) ratios in line. Many mortgage lenders will only approve a loan if the DTI is 36% or lower (43% or lower for FHA loans) and the LTV is 80% or lower (meaning you have 20% or more equity in the property). The better these numbers are, the less risky the loan is in the eyes of the underwriter. The less risky the loan, the better your chances of being approved for low mortgage rates.

5. You don’t need to own the business to be treated as “self-employed”.

Even if your name isn’t on the front door you could be subject to the additional documentation and qualification requirements. If all or a portion of your compensation comes from commission, bonuses, or some other production or profit based pay, your mortgage lender will likely ask you to provide the previous two years tax returns.

Being aware of and prepared for these additional hoops you may need to jump through will allow you to best take advantage of the home loans for self-employed borrowers that are currently available. Though stated-income loans are largely a thing of the past there are plenty of home financing opportunities – it just may take a little extra effort before you can head to the closing table.

About the Author: Anna Platz is a writer and SEO Specialist with Wilmington SEO & Marketing, based in Wilmington, NC. She specializes in writing about mortgage lending and real estate. Learn more about current mortgage rates at


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Culture of creativity features at Furnal Equinox 2018

Sunday, March 25, 2018

Visual art, fabric art, photography, performance, dance, virtual reality, and music were all the subject of sessions at Furnal Equinox 2018, a conference held from March 16 to 18 at Toronto’s Westin Harbour Castle. Canada’s largest furry convention by attendance, the annual event offers dozens of subculture-specific programs.

The convention’s communications and public relations coordinator for the event, Ronnie, describes furries as “people that enjoy arts and culture centred around animals and animal-themed topics, essentially. Furnal Equinox in particular, we like to celebrate in a very visual and very […] artistic nature, where we have lots of arts and performances and crafts that go on, and people celebrate with lots of socialisation involved.”

Of the attendees, Ronnie told Wikinews “they come from all walks of life. They are people of all ages, sizes, all sorts of backgrounds, and they come together under one mutual interest, which is their love for animal culture.”

“Programming at Furnal Equinox involves[…] a lot of informational panels, so you can find out about topics from art and how to draw, or how to visually incorporate different elements into your artworks. You can also find panels that teach you how to write better, be a better fiction author for example,” explained the event representative.

At one panel Wikinews attended, members of its all-volunteer organising committee spoke of the year-long process of planning the event, and their reasons for committing such a significant amount of their time. Said one panelist, “if you’re happy, we’re happy.”

The largest hub of activity at the convention was a dealer’s room; nicknamed the “Dealer’s Den”, giving it an anthropomorphic twist. Vendors were selling original visual art, wearables like faux fur tails or ears, or things like jewellery or soap with motifs that would interest attendees.

The back area of the room was dedicated to a charity auction, with proceeds benefiting Happily Ever Esther Farm Sanctuary. According to the convention website, the charity is “dedicated to rescuing abused, neglected, and abandoned farmed animals. Their goal is to provide a safe, life-long home for all of their residents, and to educate the public about the true nature of farmed animals through tours, volunteer programs, and community outreach.”

Split into groups, some attendees played “Fursuit Games” in front of an audience, like trying to toss a ball into a garbage can. The activity made harder, of course, by the limited dexterity and vision the most of the costumes entail.

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Toyota accused of misleading public over recalls

Tuesday, February 23, 2010

Toyota has been accused by a U.S. House of Representatives committee with misleading the public and investigators over its recent recalls.

The accusations, in a statement from the House Energy and Commerce Committee, claim that Toyota both relied on a flawed study in its assessment of the issue of sticking accelerator pedals at the heart of the recalls, and then made misleading statements about its response. According to the authors of the letter, Henry Waxman and Bart Stupak, Toyota dismissed, rather than investigated, the idea that the cars’ computers were at fault. In a statement, James Lentz, the president of Toyota’s American division, claimed that hardware issues were to blame, and that dealers were repairing the faulty part. Toyota also released a study commissioned from the research firm Exponent that said electronic systems were not to blame.

According to the House committee, however, the study involved only six vehicles, none of which had problems with their electrical systems, and was insufficient to produce an accurate result. “Our preliminary assessment is that Toyota resisted the possibility that electronic defects could cause safety concerns, relied on a flawed engineering report and made misleading public statements concerning the adequacy of recent recalls to address the risk of sudden unintended acceleration.”

The company is under a criminal investigation, and has received two subpoenas for documents from two House committees relating to the recalls, although whether they are directly related to the letter is unclear. The documents are related to accelerator issues in several models, as well as brake problems with the Prius hybrid car, and were served earlier in in February by a federal grand jury and the Securities and Exchange Commission. Toyota has released upwards of 75,000 pages of documents under the requests.

In a separate, though related, development, it has emerged that Toyota last year negotiated a limited recall for two models, the Toyota Camry and Lexus ES, that were affected by the accelerator recalls, saving the company an estimated $100 million. A confidential internal presentation in July 2009 made the claim, and a month later, a Lexus ES, one of the models under the limited recall crashed in California, killing four people. The claims apparently referenced a September, 2007 recall of floor mats that could trap gas pedals, the same problem that triggered a full recall of numerous Toyota cars to fix the same problem. In the same presentation, the company claimed to have avoided recalls of another model related to rust, as well as delaying new federal safety regulations.

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Imperial College London geology students fined in China for “illegal map-making”

Monday, January 5, 2009

Three British geology students of Imperial College London have been fined in China for “illegal survey and map-making activities”, according to local media. In addition to making maps, the students were researching fault lines and earthquake activity in Xinjiang — a tense Muslim province to the west of the country where anger against Chinese rule sparked deadly attacks in 2008.

The students were gathering additional data in several regions, including Kashgar, the ancient Silk Road trading post, and an oasis city in the Xinjiang Uyghur Autonomous Region of the People’s Republic of China.

Under Dr. Jian Guo Liu, the students’ supervisor at Imperial College, they also had been in the poor desert village of Keping, where in May local authorities burned the local mosque due to “unlawful religious activities”. Of the three students, two of them, a PhD student aged 23, and a Master of Science student aged 22, went to Aksu Prefecture for their research.

In September, State Security Bureau officials had investigated the students at a hotel for several hours. Thereafter, their equipment, including GPS devices, survey results, and data, were seized. The Aksu Land and Resources Bureau officers claimed they had gathered “illegal data” from 6,000 points which was valuable for mineral prospecting and topographical research.

In the leadup to last year’s summer Olympics in Beijing, China cracked down on map-making and data-collecting across the country. Despite having permission from the Earthquake Administration in the country, the students were fined a combined 20,000 yuan (2,940 dollars) but did not receive additional punishments. “The data they gathered would have been valuable in analysing mineral and topographic features of the areas,” Xinjiang Daily said. They returned to the UK on October 2.

According to The Procuratorial Daily, the Xinjiang prosecutors’ office approved 1,295 arrests of individuals and indicted 1,154 suspects from January to November 2008. The indictments were based on suspicion of “endangering state security.” In 2007, however, only 742 were arrested, while 619 of them were indicted for the same offense.

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US Republicans query Linux Foundation about open-source security

Wednesday, April 4, 2018

On Monday, two US Republican Party legislators, Greg Walden and Frank Pallone Jr., respectively the chairman and the ranking member of the United States House Committee on Energy and Commerce, co-wrote a public letter to Jim Zemlin, executive director of The Linux Foundation, about open-source software (OSS) and improving its security. They requested Zemlin to answer their questions by no later than April 16.

The letter contained the following four questions; each of the first two has a further two follow-up questions.

  1. Has the CII [Core Infrastructure Initiative] performed a comprehensive study of which pieces of OSS are most crucial to the “global information infrastructure”?
    1. If not, does the CII plan to perform such a study?
    2. What would the CII need in order to do so?
  2. Has the CII, or any other organizations, compiled any statistics on OSS usage?
    1. If not, does the CII plan to perform such a study?
    2. What would the CII need in order to do so?
  3. In your estimation, how sustainable and stable is the OSS ecosystem?
  4. Based on your response to the previous question, how can the OSS ecosystem be made more sustainable and stable?

Walden and Pallone exemplified Heartbleed, a “critical cybersecurity vulnerability” that allowed the hacking of websites and passwords, and millions of medical records in 2014. They also wrote that, in response to that vulnerability, The Linux Foundation established a multi-million dollar project, the Core Infrastructure Initiative, intended to improve the global infrastucture of such software.

The politicians noted large tech companies like Microsoft, Apple Inc., and Adobe Systems respond more quickly to such critical vulnerabilities than distributors and developers of open-source software.

Open-source software is “publicly accessible” and usually freely-licensed for a wide range of use, such as modification and commercial uses. Walden and Pallone also expressed praise toward open-source software and cited a 2015 survey conducted by Black Duck Software saying 78% of companies used such software.

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16-year-old arrested over alleged plot to hijack US airliner

Saturday, January 26, 2008

A 16-year-old male from Novato, California has been arrested in Tennessee over allegations he intended to hijack a commercial passenger airliner in the United States.

The boy, who was unnamed due to his age, was a passenger on board Southwest Airlines Flight 284 from Los Angeles to Nashville on Tuesday, with his parents reporting him missing at 11:30 am the same day. Although he remained calm throughout the flight and made no hijacking attempt, authorities report he had handcuffs, duct tape and yarn inside the aircraft cabin with him. Although his arrest was only made public on Friday, it is reported that he was detained immediately on reaching Nashville International Airport.

George Bolds, a spokesman for the Federal Bureau of Investigation (FBI) said that the items were “suspicious” and that the boy had informed the FBI he had indeed intended to hijack the aircraft. An FBI agent told reporters that he felt the plot was ill-conceived, saying “His plan had a low probability of success.”

The FBI also conducted a search of his home on Thursday, finding in his room “a photograph of the inside of a small aircraft, something you’d find in a bookstore.”

Subsequent to his arrest he pled guilty on Friday to a “delinquent act,” according to local officials. A juvenile court judge ordered him to be returned to California for continued perusal of that charge as well as others set to be made. He is currently in Davidson County Juvenile Detention Center in Nashville.

Authorities believe that the teen was suicidal, but the FBI dismissed earlier reports alleging that he intended to crash the airliner into a Hannah Montana concert in Lafayette, Louisiana.

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