Blog

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Tristique lorem massa risus rhoncus. Mi dolor, netus id scelerisque metus lectus volutpa.

LRBA paid out

What Happens Once an LRBA is Paid Out?

While paying out a limited recourse borrowing arrangement (LRBA) can free up cash and finally bring in some additional income...

Read More
part a qualifications impact

The Impact of Part A Qualifications

Before it became an ATO reporting requirement in the 2019 annual return, Part A qualifications were primarily ignored within the...

Read More
smsf admin penalties

The New Era of SMSF Penalties

We’ve entered a new era of SMSF administrative penalties where trustees are facing the consequences of any illegal activity in...

Read More
sole purpose test SMSF

How to Pass the Sole Purpose Test

Making sure an SMSF passes the sole purpose test (“SPT”) is one of the cornerstones of operating a compliant SMSF....

Read More
new rules for NALI

New Rules Turn NALI Into Gnarly

The government has recently passed legislation to reduce the ambiguity surrounding the effect of non-arms length expenditure (NALE) on SMSFs.   Where a fund incurs less (or nil) expenditure by participating in a...

Read More
SMSF trustee litigation risk

Does SMSF Litigation Risk Die with Trustees?

How many times have we heard that it’s only an SMSF audit; there’s not much in the fund, or it’s...

Read More
smsf auditor check

Why Didn't My SMSF Auditor Check That?

SMSF auditors are the last link in a long superannuation chain before the annual return gets lodged. And when things...

Read More
timing of contributions

Accepting EOFY Contributions After June 30

Typically, SMSF contributions aren’t counted until the payment is received in the fund's bank account. The problems start, however, when...

Read More
simple rules for related parties

3 Simple Rules for Related Parties

Trying to identify related party transactions in an SMSF can seem like pulling apart a set of Russian dolls: the...

Read More
smsf auditor independence

The Hidden Path to Independence

ASIC recently announced that seven (7) SMSF auditors with independence issues were either deregistered or had a condition placed on...

Read More
Featured Articles
Copyright © 2021 ASF Audits
Liability limited by a scheme approved under Professional Standards Legislation
Privacy PolicyPrivacy Policy
chevron-down