ATO confirms lodgement rules won’t apply to deferred returns
Sarah Kendell
The ATO has confirmed that late-lodging SMSFs will still be able to receive employer contributions and rollovers under its new rules if they
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Financial Services Minister contemplates accountants’ exemption proposal
The Financial Services Minister will now consider a proposal to consider a “new, extended accountants’ exemption”, after meeting with
ATO turns focus towards ‘software one-stop shop’
The ATO’s development of its new online services for agents is almost complete, with its focus now turning towards offering its services i
SMSF trustees look beyond planners
Increasing numbers of SMSF trustees are looking beyond financial planners for advice around their self-managed fund, according to Investment
Class enhances TBAR, TSB functionality
SMSF software provider Class has released a number of enhancements to improve the way users can track client compliance with a range of rece
CGT complexities in scrip-for-scrip rollovers
SMSF trustees and advisers making use of scrip-for-scrip rollovers to defer capital gains need to be aware of how these interact with the CG
Last chance to nominate your rising stars for the 30 Under 30 Awards
Nominations for the inaugural Accountants Daily 30 Under 30 Awards close this week, with young accounting professionals reminded to put thei
Sarah Kendell
SMSFs investing in a pooled superannuation trust
A pooled superannuation trust (PST) is a unit trust in which only assets of superannuation funds, approved deposit funds and other PSTs can
New lodgement rules help accountants to chase up clients
New measures from the ATO to suspend contributions for SMSFs that lodge their annual returns more than two weeks late will be beneficial for
NALI, LRBA measures pass Parliament
The government’s further restrictions to non-arm’s length income and LRBAs have passed Parliament, meaning SMSF trustees approaching ret
Late lodgement rules point to sector-wide issues
The ATO’s move to suspend contributions and rollovers for SMSFs who lodge their annual returns late is understandable, given late lodgemen
CA ANZ, CPA defend accountants’ exemption decision
A straightforward return of the accountants’ exemption would simply be “putting a band-aid over a very deep wound”, say CA ANZ and CPA
ATO confirms LRBA focus in diversification probe
The ATO has confirmed that the focus of its current diversification review is SMSFs with portfolios that are highly concentrated in leverage
SG amnesty resurfaces in Parliament
The proposed SG amnesty is now back on the table after more than a year of uncertainty around the proposed policy.
Interest rising in SMSF set-up
Interest in setting up an SMSF among those in APRA-regulated super funds is on the increase, while the average balance and age of new SMSF t
Exemption return a start to fix SMSF advice
The return of the accountants exemption is the first step to fixing the broken SMSF advice process, while the government and regulators shou
Member outcome scrutiny threatens SMSF viability
Increasing regulatory scrutiny on what constitutes an optimum outcome for super fund members in retirement could threaten the viability of S
Late-lodging SMSFs to have contributions suspended
SMSFs who lodge their annual return more than two weeks late will be suspended from receiving rollovers and employer contributions, accordin
ATO releases updated guidelines on SMSF changes
The ATO has released updated guidelines for trustees around how to make changes to their SMSFs within a compliant framework.
Government floats changes to downsizer contributions
The government has floated a number of imminent changes to eligibility for downsizer contribution rules, including clarifying who can contri
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