SMSF asset compliance considerations
Investing in certain asset classes or implementing particular structures to do so can result in additional compliance issues for SMSFs. Mark Ellem, head of education
Can an SMSF claim this as a deduction?
SMSF auditors have been witness to some outlandish expense claims and get frequently asked: “Can an SMSF claim this as a deduction?” One of the most
Analysis of SMSF running costs
Further analysis of the running costs of an SMSF has found they can be run for less than $3000 a year at an average cost
Deadline to amend discretionary trusts fast approaching
lients with discretionary trusts that hold residential land in NSW will need to amend their trust deed to exclude foreign persons as beneficiaries by the
SMSF trustee guide to navigating a way through pandemic
The COVID-19 pandemic has affected everyone’s lives and SMSF trustees are no exception. With Melbourne coming out of lockdown, it seems the worst is behind
ATO issues reminder about October TBAR deadline
The Tax Office has reminded any SMSFs that reports transfer balance account events on a quarterly basis that the report will be due on 28
Investment segregation in an SMSF explained
When advisers hear the word ‘segregation’ in an SMSF context, they typically think of segregation for tax purposes. Broadly, this type of segregation involves calculating
Tax Office gears up for 6-member SMSF bill
The ATO has flagged that if the bill to increase the number of members allowed in an SMSF is passed before 1 July next year,
