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ATO SMSF Auditor Independence

ATO Guidance to SMSF Auditor Independence

The ATO has released its long-awaited guidance to SMSF auditor independence, reaffirming the requirements set out in APES 110 Code...

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related party rent

The Related Party Rent COVID Challenge

Related party rent valuations are fast becoming the next big COVID challenge for SMSF trustees. With property values reaching a...

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New SMSF engagement letters

APESB Overhauls SMSF Engagement Letters

In a move that has gone largely unnoticed by the SMSF industry, the Accounting Professional and Ethics Standards Board Limited...

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claim an SMSF deduction

Can An SMSF Claim This as a Deduction?

SMSF auditors have been witness to some outlandish expense claims and get frequently asked: "can an SMSF claim this as...

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all SIS breaches covered under PS LA 2020/3

Why PS LA 2020/3 Covers All SIS Breaches

Is there a glaring omission in the new Practice Statement Law Administration 2020/3 (PSLA)? It would appear at first glance that...

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new penalty regime challenges smsf auditors

SMSF Auditors Challenged by New Penalty Regime

SMSF auditors have been handed a small, but significant, shift in their responsibility as SMSF gatekeepers by the release of...

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routine and mechanical accountant

The Limitations Of Routine or Mechanical Accountants

The new rules for SMSF auditor independence are clear about the choice facing SMSF firms undertaking both the audit and...

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SMSFs and derivatives

The Derivatives Lure Catching SMSFs

As official interest rates hover at an all-time low of 0.25%, the derivatives lure catching SMSFs stems from their inability...

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joint venture passing sole purpose test

Does a Joint Venture Pass the Sole Purpose Test?

In the last part of our feature series on property development, we discuss related party joint ventures and the difficulty...

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SMSF related party property development and NALI

The Property Development Path Leading to NALI

Part 3 of our series in property development looks at the tax implications of not undertaking transactions on commercial terms....

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