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Quarterly TBAR and SAR lodgment reminder
Keeli Cambourne
The ATO is reminding SMSFs that they must report certain events that affect a member’s transfer balance account (TBA) quarterly, using ...
The ATO is reminding SMSFs that they must report certain events that affect a member’s transfer balance account (TBA) quarterly, using ...
Related party status is often unclear, especially where companies and trusts are concerned – so it’s important to be able to identify with ...
It is critical that firms providing discounted SMSF services to staff, including partners, shareholders and office holders, take action as ...
An SMSF member eager to leave may have some leverage from the point of view of questioning if the trustee complied with the payment ...
Many SMSF clients are still unaware of the “new” rules surrounding SuperStream rollover, says a leading relationship manager, and a mistake ...
A Notice of Intent (NOI) is more complex than many people realise and can cost an SMSF thousands of dollars if not done correctly, according ...
Gold and silver bars may not have the restrictive requirements on them that collectibles do but they are like any other asset in an SMSF and ...
Just three months ago, there were warnings that one in five SMSF trustees would be facing huge penalties for not registering for the ...
Only half of SMSFs have completed their audit for the 2022 income year, according to the ATO.
Receiving an ATO rectification direction for a compliance breach may seem like winning at the casino, especially when the alternative is a ...
The ATO revealed there are still more than 45,000 returns outstanding from trustees in the SMSF sector from 2021 – nine months past the ...
Loans, in-house assets and separation of assets continue to be the most commonly reported contraventions for SMSFs, according to an ATO ...
A new service has been launched to assist SMSFs that do not meet the ATO’s investment strategy guidelines, requiring trustees to tailor the ...
An analysis from Market Forces has found that Australia’s biggest super funds are greenwashing and exposing themselves to legal risk by ...
If clients are thinking about moving overseas, there are issues that may arise in regards to their finances, including their super.
On the back of recent amendments to the Superannuation Industry (Supervision) Act allowing a change in financial statement signatory ...
Douglas Cecil Allen, a Tanawha-based adviser, has been barred by ASIC from providing financial services for three years after an ...
The bank has been penalised for widespread compliance failures across multiple businesses including banking, superannuation, wealth ...
A recent draft tax determination concerning the provision of financial accommodation may also have ramifications for SMSFs that receive ...
The ATO has highlighted various errors it has recently received through SuperStream messaging due to missing data and incorrect information, ...
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