by Shelley Banton | Dec 2, 2018 | Pensions
There’s no doubt the new rules and regulations associated with Super Reform are confusing. We are now seeing new issues starting to emerge that will have adverse tax consequences for unsuspecting SMSFs. This is a timely reminder to help SMSF advisers avoid potential...
by Shelley Banton | Oct 29, 2018 | SMSF Litigation
One of the most critical aspects of the Ryan Wealth Holdings Pty Ltd vs Baumgartner [2018] NSWSC 1502 case was the auditor failing to confirm that the fund’s investment strategy had given appropriate consideration to risk, return, liquidity and diversification and...
by Shelley Banton | Sep 27, 2018 | Pensions
It’s a whole new TRIS world out there, with some SMSF advisers starting to make simple mistakes that could have far-reaching implications for SMSFs. Getting it wrong may be the difference between an SMSF being able to claim exempt current pension income (ECPI) or not....
by Shelley Banton | Sep 9, 2018 | SMSF Audit
We’ve heard many reasons why the three-yearly audit cycle won’t reduce red tape or SMSF audit fees, and how it will increase the burden on SMSF trustees resulting in more auditor contravention reports (ACRs). But the SMSF industry has ignored one critical reason as to...
by Shelley Banton | Aug 28, 2018 | SMSF Audit, Technology
There is a perception in the SMSF industry that once a data feed is in place, there is nothing left for an auditor to do. While technology has provided enormous benefits through the automation of repetitive SMSF audit tasks, an SMSF auditor is still required to meet...
