New super contributions changes give rise to TTR strategy comeback
Tony Zhang
The new changes of super contributions caps will see the start of a return of transition to retirement income strategies, as the indexation
The new changes of super contributions caps will see the start of a return of transition to retirement income strategies, as the indexation
The ATO’s new approach towards the allocation of professional firm profits will cause a large number of practitioners and their firms to f
In instances where SMSFs will need to use an unsegregated method to calculate ECPI, funds will need to understand the approach when consider
The ATO has made an extension on the transitional compliance approach in PCG 2020/5 for another 12 months, providing relief around critical
Consistency will be the key approach when applying the specific methodology of apportioning expenses, while continued alterations are likely
The use of segregation can be a complex undertaking for SMSFs and will require proper consideration of tax outcomes and additional expenses
The ATO has flagged the alterations it will start to undertake when making updates on information changes for SMSFs.
The ATO has cautioned SMSFs on increasing concerns of illegal retirement planning schemes and has updated its compliance strategy aimed at e
The contribution caps which are set to increase due to indexation will provide an opportunity to formulate effective tax deduction strategie
A tax agent who lodged 125 self-managed superannuation fund annual returns before audits were completed has been disqualified for a two-year
The SMSF sector has continued to surge, reaching nearly 600,000 total funds with more than 1.1 million members whilst continued shifts are s
Separating member assets can create a tailored portfolio for the SMSF, but a technical specialist has warned of increased levels of complexi
The indexation of the transfer balance cap (TBC) will spark capital gains tax intricacies, with SMSF advisers encouraged to develop new stra
The Australian Taxation Office (ATO) has warned of the most common errors it wants SMSFs to avoid in the upcoming lodgement of SMSF annual r
There are an extensive number of reporting obligations relating to SMSFs, with the main one approaching in just a few days for some funds.
With divorce rates continuing to rise, a technical specialist has flagged tax traps to avoid during increasingly common scenarios where illi
The practical administrative nature of dealing with breaches for non-geared unit trusts (NGUT) is causing unnecessary costs and is impractic
Advisers are set to see a substantial increase in minimum continuing professional education hours each year as the Tax Practitioners Board l
The indexation of the transfer balance cap will cause too many complexities, and if a solution is not found quickly, it could lead to an arr
The ATO’s new investment strategy guidelines have caused the need for increased compliance, but SMSFs can use this to take advantage of re
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