COVID relief top of mind for SMSF advisers
Tony Zhang
COVID-related issues continued to be top of mind for advisers and their clients during the September quarter, whilst issues around the utili
COVID-related issues continued to be top of mind for advisers and their clients during the September quarter, whilst issues around the utili
With the new changes to ECPI rules around DSFA, there can be uncertain timing interactions from accumulation interest that can affect solely
SMSFs making valuations of private company shares and trusts will need to ensure early preparation to meet any arising difficulties and cost
Due to the ongoing impacts of COVID-19, the ATO has extended its compliance support on PAYG instalment variations for SMSFs.
The ATO has recently received a high volume of manual verification requests through the SMSF verification service (SVS) system, which has ca
When considering the transition of residential property and business property in an SMSF for acquisition purposes, there are several distinc
The ATO’s assistant commissioner has confirmed practitioners will not lose access to their lodgement programs if benchmarks aren’t met,
The incoming implementation of the director identification number will become an important part of the SMSF landscape as new processes will
With the new SuperStream requirements in place, SMSFs making rollovers can face challenges to meet the new timeframes when considering repor
Current Australian directors or corporate trustees in an SMSF will now have one year to apply for their unique director identification numbe
The Australian Taxation Office has addressed several technical issues which had emerged close to the SuperStream start date that had previou
SMSFs with reversionary account-based pensions may factor in different timing treatments from a transfer balance cap perspective against the
With increasing inquiries from SMSFs on potentially adding extra members to the fund, funds may need to be aware of potential tax impacts fo
With the changes to the number of members allowed in an SMSF, funds considering adding members can consider various structural differences t
SMSFs that plan on making benefit payments through the new SuperStream requirements will need to factor in changes to the timing process to
Service NSW has released new guidelines on its commercial rent relief measures for commercial landlords and related SMSFs impacted by the cu
The Australian Taxation Office (ATO) has made a new update to strengthen identity security for practitioners and clients when accessing myGo
A Sydney tax agent who falsified business activity statements to gain access to the cash-flow boost had had his registration terminated by t
SMSFs that have made an error in personal contributions will need to ensure they can prepare early to avoid unnecessary impacts on the fund
With the evolving SMSF landscape, practitioners may face increasing challenges in developing fund templates, as there is a growing need to c
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