Up-to-date, specialised strategy is core component of an SMSF professional’s arsenal. SMSF Adviser analyses and interprets regulatory and legislative changes to ensure the SMSF sector is kept informed on the tips, tools and best practice for serving SMSF trustees.
We have previously issued four prior articles linked to this series focusing on the employee versus contractor distinction.
From July 2021 changes to the Australian Accounting Standards (AAS) have meant that many SMSFs and trusts (including discretionary and unit ...
A key planning issue for SMSFs that have invested in a related unit trust is whether any income derived via the structure is in fact NALI ...
Even couples well below the new proposed threshold could face an extra 15 per cent tax thanks to an insurance payout in tough times.
A recent AAT decision illustrates the sorts of evidence that might be necessary in order for an SMSF to not have non-arm’s length income ...
SMSF trustees must only pay expenses that belong to the fund’s activities. They should not pay expenses for anyone else.
My client’s SMSF purchased a property via an LRBA in March 2023 by borrowing from a related party. When they took out the loan, they adopted ...
Some clients may choose to withdraw money from super in the next few years to minimise their exposure to the proposed new tax for large ...
Where an SMSF member or related party pays the annual ASIC fee for a corporate trustee, this may give rise to non-arm’s length expense ...
There has been uncertainty as to how the following two provisions interact: the non-arm’s length income (NALI) provisions in s 295-550 of ...
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