ATO investigating errors in SMS alert service
The ATO is investigating system errors in its newly launched text message alert service for SMSF trustees which were mistakenly triggering alerts for trustees upon
ATO cuts six-member fund work
The ATO has signalled it will not be preparing for the introduction of six-member SMSFs or the three-year audit cycle after it dropped them from
Inflation figures confirm TBC won’t be indexed in 2020
SMSF practitioners can breathe a sigh of relief following the release of official inflation figures for the December 2019 quarter, which did not reach the
What expenses can an SMSF deduct?
Self-managed super fund (SMSF) expenses can be tax deductible provided that they comply with Australian taxation legislation. It’s important to understand that SMSFs should only
Retirement income worry: Who worries and why?
Most older Australians – 53% – worry they’ll run out of money in retirement, research by National Seniors Australia has found. The survey also found
What type of dishonesty disqualifies a person from having an SMSF?
This article examines the nature of disqualification and what convictions can preclude a person from forever being an SMSF trustee/director. Given the serious consequences of
SMSF-specific education crucial
Advisers wishing to provide SMSF advice should be required to complete an SMSF-specific qualification, the SMSF Association (SMSFA) has said. In its budget submission for
SMSFA calls for phase-out of limited licensing
The SMSF Association has called for the phasing out of the limited licensing system for accountants, saying it forces SMSF clients to pay fees that
