SAN misuse sees SMSF tax agent convicted
Tony Zhang
A New South Wales tax practitioner who falsely lodged self-managed superannuation fund annual returns before audits were completed has been
A New South Wales tax practitioner who falsely lodged self-managed superannuation fund annual returns before audits were completed has been
The ATO’s approach to investment strategies has caused a rippling effect for auditors, as increased focus could soon be ramped up on the f
The new changes of super contributions caps will see the start of a return of transition to retirement income strategies, as the indexation
The cloud-based SMSF preparation and audit automation technology provider has revealed its latest release of new financial workpaper solutio
The ATO has flagged that it will continue to formulate its position on referral sources ahead of incoming auditor independence standards, ai
The ATO’s new approach towards the allocation of professional firm profits will cause a large number of practitioners and their firms to f
The ATO has warned SMSFs that the transfer balance account report (TBAR) is due by 28 April 2021, with additional considerations ahead of th
With the Parliament yet to pass the six-member SMSF bill entering April, the new changes can only come into effect in the next financial yea
Pension strategies in 2021 will need to be viewed differently compared to previous years, as timing becomes more crucial when determining th
The ATO has released its long-awaited guidance on SMSF auditor independence, reaffirming the requirements set out in APES 110 Code of Ethics
SMSF auditors have been warned that SMSF firms cannot rely on the ATO’s benchmark guidance regarding reciprocal arrangements as it does no
The ATO has made an extension on the transitional compliance approach in PCG 2020/5 for another 12 months, providing relief around critical
Consistency will be the key approach when applying the specific methodology of apportioning expenses, while continued alterations are likely
The ATO has completed its follow-up mailout to all auditors regarding SMSF auditor number (SAN) misuse, seeing the highest response rate it
The collaboration will now see BDO provide its audit services to the SMSF service provider.
Understanding the complete picture of the operating expenses of an SMSF will require research to dig deeper, as limitations can be seen due
Understanding how reportable breaches will be decided and weighed upon will be crucial when preparing the SMSF’s investment strategy to be
While the COVID-19 pandemic has caused a delay in the introduction of six-member SMSFs, Townsends Business and Corporate Lawyers said its ar
The use of segregation can be a complex undertaking for SMSFs and will require proper consideration of tax outcomes and additional expenses
Heffron has launched a new personal transfer balance cap calculator which will help navigate the various uncertainties for SMSFs impacted by
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