Kate Anderson, general manager of Nowinfinity, said with legislative updates and regulatory scrutiny increasing, trustees and advisers are demanding more tailored services from clear guidance on fund ...
Aaron Dunn, CEO of Smarter SMSF, said while the principles aren’t new, the ATO has formally addressed them and added more detail around how to incorporate establishment costs when setting up a fund.
The Australian Taxation Office (ATO) is the right regulatory body to oversee the self-managed super fund (SMSF) sector, according to SMSF Professionals’ Association of Australia (SPAA) chief executive ...
The head of technical services at a leading fund manager has warned financial planners that self-managed superannuation funds (SMSFs) are likely to come under greater tax scrutiny as a result of the ...
Self-managed superannuation fund members (and their advisers) have been warned the taxman is coming to weed out bad behaviour, including illegal loans and early access to savings.
Almost 650,000 Australians now control over $1 trillion in assets through self-managed super funds (SMSFs), according to the Australian Tax Office (ATO). That number keeps growing, but so do the ...
Concessional caps will increase for the first time in two years, allowing for more pre-tax voluntary payments and enhanced ...
Nowinfinity general manager Kate Anderson said upcoming regulatory changes will have a significant impact on compliance for self-managed superannuation funds (SMSF) and advised professionals to stay ...
One in seven self-managed superannuation funds fail to lodge tax returns on time, or at all, leaving the regulator in the dark about the risks in the booming $1 trillion industry, which is growing by ...
Nearly 650,000 self-managed superannuation fund trustees face penalties and transaction restrictions if they miss the critical February 28 lodgement deadline. The SMSF annual return often requires ...
Australia's tax office reports self-managed retirement funds have 4% less crypto than last year, but one crypto executive says the number is likely "undercooked." Crypto holdings reported in ...