What the ATO’s new powers mean for trustees
The ATO will now have many more powers to impose penalties and will not be afraid to use them.
Up-to-date, specialised strategy is core component of an SMSF professional’s arsenal. SMSF Adviser analyses and interprets regulatory and legislative changes to ensure the SMSF sector is kept informed on the tips, tools and best practice for serving SMSF trustees.
The ATO will now have many more powers to impose penalties and will not be afraid to use them.
SMSF practitioners should give careful consideration to their property partnerships to avoid serious consequences.
SMSF trustees that don't keep adequate records of contributions may find themselves paying out a virtual ‘death duty’.
The application of wholesale client laws to SMSFs has long been a contentious issue in the sector, and has recently taken on a new ...
While increased regulation is often seen as a blow to the SMSF sector, there’s another side to the story.
The process of administering and auditing SMSFs in Australia is in the midst of an automation revolution, and practitioners who don't get on ...
The ATO has confirmed that each contribution made to a reserve requires an objection.
It seems that outsourcing is all very well, but when the stakes are high, many people prefer to have their hands on the wheel rather than be ...
It’s vital that SMSF practitioners understand what is required for a document to be a deed to avoid significant consequences.
Following a temporary freeze on the indexation of the concessional contribution caps for two years, the 2014/2015 financial year will ...