AAT upholds TPB decision to end tax agent’s registration
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The Administrative Appeals Tribunal has upheld a decision by the Tax Practitioners Board to terminate a tax agent’s registration relating
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SMSF Association makes 2 new board appointments
The SMSF Association has appointed two specialist members to its board, effective 1 June, as part of a restructure of its board.
ATO sticking to SuperStream deadline for SMSF rollovers
The ATO has stated that it will continue to work towards the original start date for SMSF rollovers in SuperStream for now, despite an annou
BGL adds new provider to its actuarial wizard
BGL Corporate Solutions has announced a new integration with an actuarial certificate and digital advice provider which will enable users to
ASIC’s tougher approach to responsible managers causing problems
ASIC is now routinely assessing whether responsible managers meet the competence requirements under the law, which is resulting in delays an
Bowen clarifies figures used to support franking credit policy
After figures used by Labor to justify its policy to remove refundable franking credits were called into question, shadow treasurer Chris Bo
TBAR a ‘big issue’ for SMSFs in next 12 months
While transfer balance account reporting is the domain of accountants or advisers, SMSF auditors should be working with these professionals
SMSFs reminded on pension payment deadline for EOFY
With 30 June landing on a Sunday this year, an SMSF services provider has warned SMSFs planning to pay their minimum pension payment by elec
Superannuation policy divides voters in lead-up to election
While an industry poll has shown that the Liberal Party is the preferred party based on superannuation policy, with only 58 per cent voting
Labor rules out plans to introduce death taxes
Opposition Leader Bill Shorten has labelled suggestions by the Liberal Party that Labor plans to introduce an inheritance tax if elected as
Critical steps outlined for dealing with loss of capacity, EPOAs
Navigating Corporations Law and the SIS Act can be confusing when replacing an incapacitated director or trustee of an SMSF with an enduring
LRBA ban to hit small business owners, lender warns Labor
A commercial lender has warned Labor against a ban on limited recourse borrowing arrangements, with SMSF loans a vital debt instrument for m
‘Major issues’ with supply of SMSF documents in certain states
While supplying legal documents such as trust deeds can expose SMSF accountants and advisers to risks in any jurisdiction, in certain states
Transfer of loan amounts flagged as vital compliance step for LRBAs
With greater numbers of SMSFs turning to related-party loans after several banks withdrew from the SMSF lending space, a law firm has stress
Labor’s $3,000 tax affairs cap to hit new businesses, migrants
The Tax Institute has expressed concern that Labor’s proposed $3,000 cap on deductions for managing tax affairs will severely impact migra
Federal Court hands down decision in bankruptcy case
An SMSF member has had their application to have a bankruptcy notice set aside dismissed in a recent decision by the Federal Court of Austra
FOFA architect appointed to SMSFA board
The SMSF Association has appointed a former parliamentary secretary and shadow minister to its board, with Cath Mulcare stepping down as dir
6-member SMSFs flagged as election policy by Liberals
The Liberal Party looks set to push ahead with its measure to increase the SMSF member limit as an election policy, despite the removal of t
Bill Shorten cops further backlash over super, accountant comments
SMSF software firm BGL has lashed out over comments made by Bill Shorten after he labelled deductions for managing tax affairs as a “rortâ
Personal super contributions the biggest adviser query for March
Claiming tax deductions for personal super contributions was one of the top strategies that advisers inquired about during March, according
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