Read the latest SMSF audit news, tips and articles written by our expert team of SMSF auditors
7 October 2019
The ATO has released guidance for auditors on verifying the market value of unlisted shares or units in trusts. They make it clear they expect SMSF auditors to both qualify Part B of their audit opinion and lodge an ACR where there is a material breach
24 September 2019
If there was a single document that gave us angst over the past year it was the fund investment strategy! Since we highlighted the difficulties for auditors and how the audit landscape was changing back in December 2018, we have navigated with uncertainty.
9 September 2019
We’re excited to announce that Baumgartner Super will again have a presence at the National Tax and Accountants’ Association’s Super Schools seminars that are running between September and October.
17 May 2019
The ATO has observed a high level of re-reporting of events covered under the Transfer Balance Account Reporting system and this concerns them as the amended reporting has resulted in 39% of the commutation authorities they have issued being revoked.
18 December 2018
The poor old investment strategy has for far too long been a document largely disrespected by SMSF trustees and their advisers but that attitude needs to change.
3 August 2018
We are excited to announce that the ATO has appointed David Burrows, Director of Baumgartner Super to the ATO’s 2018-2019 Federal Budget SMSF Co-design Group.
18 April 2018
Baumgartner Super will again have a presence at the National Tax and Accountants’ Association’s Tax Schools seminars that are running between May and June.
28 September 2017
Read my article "Maintaining scepticism as an SMSF auditor" as featured in SMSFAdviser
17 July 2017
By far the greatest number of enquiries I am currently receiving about SMSF audits for the year ending 30 June 2017 are in relation to the valuation of assets.
27 June 2017
As the end of the financial year fast approaches, we would like to remind trustees of the following to assist with their self-managed super fund’s compliance: