Tuesday, 28 July 2015
Like most professional advisers, we are strongly of the view that a self-managed superannuation fund ("SMSF") should have a corporate trustee. This article looks at the trustee requirements for SMSFs and sets out a number of reasons for preferring a corporate trustee.
Wednesday, 11 July 2012
The Minister for Financial Services and Superannuation Bill Shorten has released details regarding a proposed SMSF Auditor Registration Scheme.
We’ve produced a one-page Mindmap that covers the proposed changes including information on requirements for registration, transitional arrangements, implementation timelines and other helpful pieces of information.
Thursday, 4 August 2011
Due to the self-assessment nature of the tax system the ATO does not review the returns of all taxpayers. Rather, it sets up a compliance program which audits and reviews particular classes of taxpayers and particular aspects of the taxation laws having regard to the perceived risks of tax avoidance. SMSFs are no exception in this regard.