SMSF – 30 JUNE 2023 UPDATE
Superannuation continues to be a focus for the Government & the regulators. We want to help you achieve the best result for you & your SMSF. Let us know if…
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SMSF – 30 JUNE 2023 UPDATE
Australian super funds gorge on cryptocurrency
The value of cryptocurrency assets inside Australian self managed superannuation funds (SMSFs) increased by 589.9% ($1.17bn) between June 2019 and June 2022, according to the latest ATO statistics. While cryptocurrency…
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Australian super funds gorge on cryptocurrency
SMSF – 2022 Year End Brief & What is New
DateChanges and actionsPre 30 June 2022 Ensure that contributions are made and received by 30 June. Ifcontributions are by EFT, ensure that the contribution is recognised in thefund’s bank account…
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SMSF – 2022 Year End Brief & What is New
SMSF COVID-19 Audit Relief Extended
The ATO has extended COVID-19 relief for SMSF trustees. The relief measures, which protect trustees from COVID-19 related contraventions of the super laws, now extend from the 2019-20, 2020-21 and…
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SMSF COVID-19 Audit Relief Extended
6 Member SMSFs – the issues and opportunities
From 1 July 2021, the maximum number of members a Self Managed Super Fund can have increased from four to six. Why would you have a fund with six members…
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6 Member SMSFs – the issues and opportunities
Your SMSF: when expenses and investments are not at arm’s-length
We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the…
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Your SMSF: when expenses and investments are not at arm’s-length
COVID-19 & Your SMSF
COVID-19 has had an impact on many SMSFs. We look at the key issues. Early release of superannuation When a member of your fund wants to access up to $10,000…
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COVID-19 & Your SMSF
Are all your SMSF eggs in one basket?
The investment strategies of Self Managed Superannuation Funds (SMSFs) are under scrutiny with the Australian Taxation Office (ATO) contacting 17,700 trustees about a lack of asset diversity. The ATO is…
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Are all your SMSF eggs in one basket?