Based on its most recent SMSF statistics, the ATO estimates that the total number of SMSFs is now close to 600,000, with the number of funds
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SMSF auditors have been consistently seeking more extensive evidence for property valuations beyond what is required by the ATO, says an SMS
A Liberal MP and House Economics Committee member has slammed the “absurd” process implemented by FASEA around the industry exam for adv
The federal government should revaluate taper rates and asset testing for the age pension, with the current taper rate presenting a potentia
The ATO has cautioned firms providing both accounting and audit services to SMSF clients that very few SMSF audits are likely to constitute
An advice industry body has suggested super fund members should pay directly for all advice services they are receiving from their fund, in
Despite the changes to excepted income with testamentary trust distributions, structuring a superannuation proceeds trust as a testamentary
Given the impact of COVID-19, the government may consider announcing some significant changes to the taxation of super in the budget this ye
The ATO is still seeing significant errors with transfer balance account reporting, with retrospective reporting, duplicated reporting and l
Administration and audit firm Seamless SMSF has hired a former Deloitte partner as a business development manager as it looks to expand into
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