“Unsatisfactory for all concerned”, an accountants body says of trust ruling.
SMSF professionals may want to start thinking about how pension payments will be classified for the next financial year, says a technical ex
The ATO can apply discretion where benefits cross the line, but strict compliance is the best option.
The ATO has released a new temporary measure to support funds undertaking rollovers where they’ve had trouble obtaining an electronic serv
Whilst a BDBN is an invaluable tool for an SMSF’s death benefit strategy, funds can often run into multiple traps during the set-up of the
A technical expert has urged SMSFs to be cautious in managing early access benefits as the ATO’s discretionary approach makes it uncertain
The accounting profession is being encouraged to aid small businesses through their digital transformation journey, with the Morrison govern
The ATO has successfully appealed an AAT decision that had overturned the Commissioner of Taxation’s disqualification of a trustee of an S
The SMSF Association has called for changes to non-geared unit trust breaches as the current compliance approach has continually created unn
SMSFs dealing with unallocated reserves will need to take into account new administrative steps when managing the allocation along with its
The ATO has reminded SMSFs of the importance of starting to prepare for their lodgement of SMSF annual returns (SAR) across the 2022 year.
CA ANZ has urged for greater transparency to be established for director ID holders along with providing regular communications channels for
The ATO has provided new details on how the new insolvency legislation could have an impact on new and existing SMSFs.
The implementation of the compensation scheme of last resort (CSLR) needs to take into account the upcoming changes in the advice landscape
The SMSF Association has appointed a new member to its board heading into 2022.
The recent focus from the ATO on capital gains tax (CGT) concessions can lead to increased compliance risks for SMSFs involved along with ad
With the extension of the various COVID-19 relief this year, SMSFs will need to increasingly consider the use of a specialist to better navi
The ATO has advised trustees to begin the preparation process for the valuation of assets in the upcoming SMSF annual return.
With the ATO ramping up its regulation on SMSF auditors, SMSFs will need to navigate continuous upheaval across the practice area as the ind
With the ATO looking to streamline the transfer balance account reporting (TBAR) framework, the new changes can explore the potential to res
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