Evolution of Memory Storage


Isn’t it interesting to see the evolution of Memory Storage. As the decades have gone by the size of the memory storage device has decreased and the size of the memory storage has drastically increased.

• It all started with Inventor, S. Korsakov first creating the Punch Card in the 1830’s
• 120 years later and we moved to Magnetic Tape in the mid 1900’s
• It took another 70 years to progress to the creation of the Floppy Disc in the 1970’s
• Some 20 years later and the 1990’s brought us the Compact Disc (CD) – how revolutionary!
• We then moved quickly with a big jump in technology advancement to the invention of the USB & SD card in
the very early 2000’s (that stands for Universal Serial Bus and Secure Digital cards – don’t worry, we
didn’t know what they stood for either!).
• Now, in the year 2016, we have well and truly leaped into the world of Cloud storage (the next evolution
of the internet)

The cloud is where you put all your data, all your files and even your software so you can access it all from any computer or device, anywhere, anytime. Whether you know it or not you are already using the cloud through email, online banking, social media, Netflix, Youtube and the list goes on.

The rapid improvement of storage devices through reduction in size and increase in volume coupled with decreased cost and increased accessibility has picked up pace very quickly. Most of our children wouldn’t know what a Floppy Disk was! What will be next???

Technology advancements have now become mainstream and expected and technology moves quickly. It is quite easy to be using outdated technology in your business that you may have implemented a few years ago, but if you don’t keep up with the digital disruption then you will be left behind and we can assure you that your competitors are keeping up to try to find a competitive advantage.

CMS Strategic | Cloud Solutions is well versed on current technologies that can help your business. Why not contact us today to find out more so you don’t get left behind!

Class Super


We are moving out of the Industrial Age and Information Age to the Participation Age “The Cloud Age” and administration of the Self-Managed Superannuation Fund is no exception.

Superannuation was never a great conversation starter but at some point we need to start that conversation with others to get them genuinely interested in the idea that retirement is not something at the end of your life, but rather it could represent a quarter of your life and you have a choice how to spend it. When it comes to super, the first thing trustees tend to focus on is the amount of work involved, legislative requirements, economic conditions and outgoings (i.e. accounting, audit and other annual fees). To simplify administration of SMSFs for the trustee and their accountants, Class Super introduced the first cloud based solution in 2009.

In the span of 7 years, class managed to acquire significant market share due to its superior functionality, innovation, evolving technology and efficiency.

Planning and management of SMSFs is extremely important and without having up to date information on hands it is nearly impossible to plan future strategies in the current economic environment. Class Super is not only assisting accountants, administrators, financial advisers and auditors but it also assists trustees of the fund to keep track of their fund investment positions, performance, asset allocation,  contribution caps, pension limits.  It also helps them make informed decisions on how to increase retirement savings as most people bucket lists don’t come cheaply.

Why Class Super stands out from other software providers, to name few:

  • Automated daily transaction data feeds from banks, brokers and wrap accounts
  • Daily ASX share prices and managed fund unit prices
  • Property valuation
  • Real time online client portfolio reports via class super fund web
  • Client messaging – a simple and secure centralised point of communication between trustees and their accountants. It’s a text messaging program with the filtering capabilities of email.
  • Client view – allows trustees and investors to view their up to date investment and SMSF data. It helps clients to quickly view their investment income, performance, valuation, asset allocation and more from their laptop, tablet or mobile phone. This can be a great tool for formalising future strategy for the fund. Also, as from 1 July 2017, the government will lower the annual non concessional contribution cap to $100,000 with a three year bring forward ($300,000) for those under 65 and Class can assist the trustee to keep track of their contribution caps and their $1.6 million eligibility threshold by using client view. (Budget 2016, Superannuation Fact Sheet 04, Superannuation Reforms).

If you would like to know more about class its functionalities and how it can help you manage your SMSF, please talk to us.

Connect with Muhammad via:

LinkedIn: linkedin.com/Muhammadbaig

How Much Money Do I Need To Retire On?

The usual rhetorical response to this question is “how long is a piece of string?” For those of us that don’t plan for our retirement this could well be the answer. You may also be forgiven for thinking “my retirement is years away yet, why bother myself worrying about it now?” Well, whilst we can’t predict the future, we know that with some careful planning we can at least give ourselves the best opportunity of fulfilling our retirement dreams.

Administrator Pendite Lite

Ian McFarlane has experience in acting as Administrator Pendite Lite. This is a name for a court appointment to begin probate proceedings during a lawsuit that challenges the will. The estate will be granted Letters of Administration to allow the administrator to collect the assets of the estate until the last binding will of the deceased is approved by the court.

Increase To The Minimum Wage – 1 July 2016

One of the biggest expenses all businesses face, especially in the tourism and hospitality industry, is the cost of wages. Besides purchases of stock, payroll is generally the second highest expense with businesses needing to make sure they are complying with penalty rates, superannuation, WorkCover and payroll tax. However, a recent development will see the cost of employment increasing.