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ATO encourages early reporting
The ATO has released updated guidance on what SMSFs are required to report and when those reports should be lodged, but has reminded funds that
November 24, 2022
The ATO has released updated guidance on what SMSFs are required to report and when those reports should be lodged, but has reminded funds that
Former company directors, including those of corporate SMSF trustees, will not be required to obtain a director identification number (director ID) by 30 November if
After a nine year absence, a Labor Treasurer has once again delivered a Federal Budget, with Dr. Jim Chalmers producing in his first budget a
The High Court has spoken. In its decision in Hill v Zuda Pty Ltd, it has given self-managed super fund trustees much-needed clarity around a
SMSF establishments have seen further growth in the 2021–22 income years, with younger trustees driving the trend, according to the latest ATO statistics. The ATO
If you have a self-managed super fund (SMSF) with a corporate trustee, then you need to be aware of the new requirement to apply for
Recontribution tactics made possible by rule changes are a game changer for older Australians and their families. The 2021 federal budget introduced sweeping changes to
With SMSF investors increasingly incorporating cryptocurrency into their funds, it’s important to take note of the complexities involved in the merging of the two worlds.
The Tax Office has released its latest lifecycle guide for SMSFs which provides information on how to wind up an SMSF correctly. As part of
The total value of SMSF assets has climbed to $892 billion during the 12 months to March, according to the latest ATO statistics. The ATO’s
SMSF trustees can claim tax on repairs to rental investment homes held within a fund provided such repairs are not classified as improvements, the ATO
SMSF trustees aged below 50 have shown a strong interest in gaining control of their retirement savings, leading to an upturn in the total number
For self-managed super fund trustees, July 1 will usher in a new era. For the first time, individuals aged between 67 and 75 will no
A well-considered estate plan will make life easier for any beneficiaries – the invaluable parting gift. For self-managed super funds, now numbering around 600,000 and
Millennials and Generation Z SMSF investors are mainly focused on investing in stocks, property and cryptocurrency, according to a survey by a social investing network.
This article is part of a series of articles on SMSF succession planning. In Part 2 of the series we examine the tax considerations that