Little ‘wiggle room’ with payment standards, SMSFs warned
The ATO can apply discretion where benefits cross the line, but strict compliance is the best option.
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The ATO can apply discretion where benefits cross the line, but strict compliance is the best option.
SMSFs have been reminded on the significant non-arm’s length income risks and substantial evidence requirements involved with SMSF property ...
Accountants need to strengthen their digital systems as the risks for taxpayers rise, says the Tax Office.
While the recent Federal Court case involving RI Advice provides some clarity for licensees in trying to meet their obligations, it also ...
SMSFs have been warned not to leave the application process for director IDs to the last minute because of the various documents that need ...
While the Australian Securities and Investments Commission’s (ASIC) latest crackdown on reciprocal audits did not extend to the more recent ...
With the three-day turnaround for SuperStream rollovers still proving difficult in many cases, one audit firm has warned there may be a ...
SMSF professionals have been reminded that the calculation of in-house asset limit is based on the gross value of the fund.
The ATO has released a new temporary measure to support funds undertaking rollovers where they’ve had trouble obtaining an electronic ...
The ATO has made updates to online services to enable funds to report recontributed amounts by members who had received COVID early release ...