Articles
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…
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…
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…
How a Routine or Mechanical Service Impacts Independence
There has been much discussion surrounding the updated Independence Guide, published by the APESB and Professional Accounting Bodies, concerning how…
Here’s How SMSF Auditors Will Deal With Rent Relief
The ramifications of COVID-19 will affect SMSFs for many years. One of the financial impacts is that an SMSF may…
Govt Provides Extension to SAR Deadline on Request
The Government has recognised the affect of COVID-19 on many SMSF trustees and their service providers as they prepare to…
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….
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…
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…
Lessons for SMSF Specialists
The impact of the Ryan Wealth Holdings Pty Ltd vs Baumgartner [2018] NSWSC 1502 case (“Baumgartner”) provides a sombre lesson…