Articles
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…
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…
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….
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…
Putting the SMSF Brakes on Three-Yearly Audit Cycles
We’ve heard many reasons why the three-yearly audit cycle won’t reduce red tape or SMSF audit fees and how it…
The Keys to Effective SMSF Reporting Criteria
A recent review of the 2016 SMSF annual statistics released by the ATO indicates that some SMSF auditors continue to…
The Ugly Truth of Super Reform
The current era of unprecedented SMSF technological change has overwhelmed many SMSF advisers. And as we’re constantly being told to…
The Pitfalls of Property Valuations – Part 3
Unless an SMSF has invested in property through a limited recourse borrowing arrangement (LRBA), the fund is prohibited from borrowing…
The Pitfalls of Property Valuations – Part 2
Property development in an SMSF encompasses many activities that range from the renovation and re-lease of existing buildings to the…
The Pitfalls of Property Valuations – Part 1
Property development is a popular investment choice for SMSFs because in many cases the returns are greater than investing in…