Total number of SMSFs now close to 600,000
Miranda Brownlee
Based on its most recent SMSF statistics, the ATO estimates that the total number of SMSFs is now close to 600,000, with the number of funds
Based on its most recent SMSF statistics, the ATO estimates that the total number of SMSFs is now close to 600,000, with the number of funds
SMSF auditors have been consistently seeking more extensive evidence for property valuations beyond what is required by the ATO, says an SMS
A Liberal MP and House Economics Committee member has slammed the “absurd” process implemented by FASEA around the industry exam for adv
The federal government should revaluate taper rates and asset testing for the age pension, with the current taper rate presenting a potentia
The ATO has cautioned firms providing both accounting and audit services to SMSF clients that very few SMSF audits are likely to constitute
An advice industry body has suggested super fund members should pay directly for all advice services they are receiving from their fund, in
Despite the changes to excepted income with testamentary trust distributions, structuring a superannuation proceeds trust as a testamentary
Given the impact of COVID-19, the government may consider announcing some significant changes to the taxation of super in the budget this ye
The ATO is still seeing significant errors with transfer balance account reporting, with retrospective reporting, duplicated reporting and l
Administration and audit firm Seamless SMSF has hired a former Deloitte partner as a business development manager as it looks to expand into
The ATO has stated it will be reviewing its safe harbour guidance in PCG 2016/5 to ensure it is still current in light of the proposed refor
A preparation and audit software firm has announced a new integration with SMSF software provider BGL which will enable errors to be automat
A Gold Coast tax agent who misused self-managed superannuation fund auditor numbers for over 170 returns has now been banned from practising
With both the ATO and SMSF auditors paying closer attention to investments in real estate developments by SMSFs, a technical expert has outl
The ATO has confirmed that SMSFs will be able to request an extension of time to meet their minimum yearly repayments for complying Divisio
Liberal Senator Andrew Bragg says costs in the superannuation system need to be re-examined and reduced given the current scale of tax expen
Following recent legislative changes relating to testamentary trust income, methodically tracing the payment of superannuation death benefit
The second phase of the Australian Banking Association’s support for borrowers provides an important framework for SMSFs still struggling
With SMSF registrations seeing double-digit growth during the peak of the COVID-19 crisis, the ATO will be closely scrutinising newly establ
New lodgement figures from the ATO indicate that nearly 450,000 SMSFs have lodged their 2018–19 SMSF annual return, with close to a quarte
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