Greater care needed on balancing excess contribution impacts on SMSFs
Tony Zhang
Changes in excess contribution processes will require careful assessment of various scenarios which can greatly impact the SMSF’s contribu
Changes in excess contribution processes will require careful assessment of various scenarios which can greatly impact the SMSF’s contribu
The Federal Court has found that an advice group was responsible for not ensuring its former adviser provided appropriate advice to clients
The Reserve Bank of Australia (RBA) has revealed its decision on the August 2021 cash rate, as governments grapple to minimise the economic
The principal of an accounting and SMSF firm has avoided jail time despite fraudulently obtaining over $135,000 in GST refunds on behalf of
More recently established audit firms will face greater challenges when managing fee referral sources in the auditor independence changes, w
The SMSF Association has confirmed that the recent advice fee consent changes will not have an application to SMSFs.
A former director of a wealth management firm has been charged with authorising the making of a false or misleading statement to ASIC.
The recent ruling on non-arm’s length income (NALI) in super funds by the ATO will have far-reaching consequences for the superannuation s
The ATO has released its final ruling confirming the application on non-arm’s length income in the expenditure incurred under a non-arm’
An SMSF auditor has been banned for at least 18 months after failing to comply with numerous personal tax obligations, including racking up
A recent communications update from regulators around the annual fee consents for superannuation has highlighted continued uncertainties on
ASIC has cancelled the AFS licence of a Queensland-based SMSF advice firm that failed to lodge its financial accounts.
A former Queensland property developer has failed to overturn criminal convictions for defrauding almost $350,000 from SMSF investors.
The ATO will now have information on an individual’s new $65,000 car or their $100,000 boat as it looks to flush out tax dodgers who aren
With the ATO recently releasing the new personal transfer balance cap available to access for funds, the reliance on this information can cr
The ATO has reminded approved SMSF auditors to check disqualified trustees’ registers when determining whether there has been a contravent
The ATO has issued new guidance on the application and use of an appropriate reviewer when assessing independence threats for SMSF audits.
The ATO has advised SMSF trustees and their professionals the need to start planning for the incoming changeover to the new SuperStream Roll
An SMSF advice firm has entered a conditional agreement with ASIC and will pay $7.2 million to resolve civil penalty proceedings relating to
ASIC says its levies, including costs related to unlicensed misconduct, are “recovered from industry”.
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