News

Super strategies will soon need to factor in new transfer balance caps When the legislation to limit the amount that can be transferred into a…

Lost or destroyed tax records? Don’t panic Now and then, taxpayers may find themselves in a situation where they simply have no records to back…

Draft guidance directs that capital gains are not to be included in FITO limit A draft taxation determination has been issue by the ATO to…

ATO takes aim at ‘you-scratch-my-back’ auditing arrangements It has long been an accepted standard that the auditor of an SMSF needs to be independent of…

Click here for a pdf version of this article.c Penalty interest can be deductible, under specific conditions A new ruling has been released by the…

New labels in the 2019 SMSF annual return The SMSF annual return for 2019 has a number of new questions and labels that SMSF practitioners…