Read our latest SMSF news, tips, and articles.
A reg 13.22C non-geared unit trust is not included as an in-house asset at the time of the initial investment, provided certain criteria are met.
An area of concern, we continue to see SMSFs that do not have a lease agreement in place. Failing to have a lease agreement could be a compliance matter due to an often-forgotten requirement of section 71 of SISA.
Titian Rosati
Aug 15, 2023
In a recent update to the ATO website (QC 57301), the ATO reminds fund trustees that there are essential steps to follow when they are amending a transfer balance account reporting (TBAR)
Titian Rosati
July 18, 2023
What are the consequences for the member(s) if the pension fails to meet the minimum pension requirement?
Titian Rosati
June 15, 2023
It’s common for an SMSF to invest in a unit trust, entitling it to a distribution of the trust’s profits. Non-collection of the distribution could give rise to compliance issues, and we address those issues in this article.
Titian Rosati
May 16, 2023
The ATO has released updated guidance on the different methods for lodging a super transfer balance account report (TBAR) and how to correct one.
Titian Rosati
Apr 17, 2023
The ATO has released the Law Administration Practice Statement PS LA 2023/1.
Titian Rosati
Mar 16, 2023
How we approach our audit when dealing with the death of a member in an SMSF.
Titian Rosati
Feb 16, 2023
The ATO has flagged that it is targeting certain retirement phase schemes using SMSFs to avoid tax as they present a compliance risk for SMSFs.
Titian Rosati
Jan 30, 2023
The ATO has released information on what events SMSF must report by specific dates and what happens if reporting is late.
Titian Rosati
Dec 15, 2022
In late September 2022, the Council of Financial Regulators, in conjunction with the ATO provided its second report to the Government on leverage and risk in the superannuation system.
Titian Rosati
Nov 16, 2022
At times we receive queries from our clients asking why certain documents must be signed and by whom they must be signed.
Titian Rosati
Oct 17, 2022
The ATO has reminded superannuation members that severe financial hardship does not meet the grounds for compassionate release.
Titian Rosati
Sep 15, 2022
The ATO has reminded SMSF trustees that the COVID-19 relief and support offered to SMSFs ended on 30 June 2022.