Read the latest SMSF audit news, tips and articles written by our expert team of SMSF auditors
6 February 2017
Read my article "Tips for keeping SMSF loans compliant this year" as featured in SMSFAdviser
16 December 2016
An issue that we have had cause to explore over the last few months is what happens under the Superannuation Industry (Supervision) Act 1993 (SISA) when an asset of the fund becomes an in-house asset at a point after it was acquired.
Sometimes I count myself lucky that as an auditor I am not at the forefront of providing advice to SMSF trustees. I am therefore fortunate that I don't have to immediately be across the biggest changes our industry has seen since 2007
12 December 2016
We are frequently queried by our clients as to why certain documents must be signed and by whom they must be signed.
11 November 2016
Read my article "Mitigating the risk of litigation as an SMSF professional" as featured in SMSFAdviser
21 October 2016
Read my article "Balancing compliance with technology" as featured in SMSFAdviser
12 May 2016
If an SMSF has entered into a LRBA where the lender may be a related party or someone other than a main-stream bank, the arrangement may attract non-arm’s length income and fall outside the concessional tax regime applicable to SMSFs.
The ATO is reviewing SMSFs that have received trust distributions. They are looking at complex arrangements between related entities in a private group that result in large capital gains or inflated income being distributed to SMSFs.
The Australian Taxation Office is doing its best to become more user-friendly by seeking better ways to engage with the taxpaying public.
4 May 2016
As we approach the end of the financial year, trustees and advisers will be turning their attention to those SMSFs that are in pension phase to ensure they meet their minimum pension payments for the 2016 financial year.
