administrator

December 11, 2020

ATO takes aim at ‘you-scratch-my-back’ auditing arrangements

It has long been an accepted standard that the auditor of an SMSF needs to be independent of that fund, and be a third party entity […]
December 2, 2020

Both tax and SMSF audits are still on ATO’s radar, but some leniency given

While the ATO has lately been focusing on the rollout of stimulus measures, it has also flagged that audit work is not off the table completely. […]
November 10, 2020

SMSF regulations to allow six members under new legislation

A bill has been introduced into Parliament that partially implements a measure to allow an increase in the maximum number of allowable members in self-managed superannuation […]
October 29, 2020

Top 5 ways to trip up with SMSF annual returns

The ATO has compiled, from many years’ worth of annual return data supplied by self managed superannuation funds, what it says are the top five errors […]