Business use test vital when considering acquiring BRP
For an asset to be classified as business real property it must first satisfy the business use test, a leading audit specialist has said.
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For an asset to be classified as business real property it must first satisfy the business use test, a leading audit specialist has said.
The Administrative Review Tribunal has intimated that undertaking more than 250 audits per year could compromise the integrity of the work, ...
The ATO has officially announced that the transfer balance cap will increase to $2 million on 1 July.
The ATO has issued guidance on what it will focus on regarding auditor compliance for 2025.
When it comes to winding up an SMSF, good advisers shouldn’t offer information but rather ask clients what they want to happen, and the ...
SMSF members continue to outpace APRA-regulated funds in actively transitioning to retirement phase, according to the most recent data from ...
The non-lodgment of superannuation annual returns continues to be one of the ATO’s major concerns, the deputy commissioner for ...
There is a time frame that needs to be adhered to when documenting a trustee’s decision to commute a pension, an industry specialist has ...
SMSFs traded more over the past year and the value of their holdings increased, according to the most recent data from AUSIEX.
It’s best to have a plan in place if a trustee elects to make a voluntary disclosure to the ATO over a compliance issue, according to an ...