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Author Archive | Joel

ATO Hotlist 2020

The ATO are on a permanent war footing about the integrity of SMSFs, after all there’s a lot of people’s future happiness tied up in them. Right now, they are half-way through auditing the TOP 100 SMSF auditors in the country. Combined we account for over 65% of all SMSFs. I am delighted to report […]

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What’s involved in an SMSF audit?

What’s involved in an SMSF audit? The purpose of the SMSF audit is to complete a thorough financial and compliance audit. The ATO has strict rules about how funds should operate, and the audit is an essential part of making sure the fund complies. As you already know, SMSFs are a paperwork-heavy beast. And as […]

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A big tick from the ATO for TriSuper Auditors

The ATO are halfway through their review of the top 100 SMSF auditors in the country. I am delighted, and saddened, to announce that TriSuper Auditors is one of only ten to have been given a clean bill of health. Delighted because it validates the diligence, independence and care we take to ensure your SMSF […]

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why cheap SMSF audits may not be good value

SMSF Audit Fees: how much does an SMSF audit cost?

And why cheap SMSF audits may not be good value Your SMSF audit fees pay for an independent, expert opinion on the state of your superannuation investments. In fact, a detailed audit is essential to the viability of your super fund, because the ATO is cracking down on funds that contravene the legislation. For the […]

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Accountants… It may be time to invoice your SMSF.

Legislation has recently passed to strengthen the non-arm’s length income (NALI) provisions contained in section 295 of the ITAA97. Non-arms length income derived by a SMSF can be taxed at the highest marginal rate rather than the 15% concessional rate. Starting from the 2018/19 year, the provisions will also apply where a SMSF deals with […]

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The ATO is cracking down on SMSF investment strategies

How compliant are your clients? At the heart of your client’s SMSF is their investment strategy. It’s why they wanted to manage their own super. They believed they could do a better job. At the heart of superannuation is the ability for Australians to provide for a happy retirement. To have financial independence and enjoy […]

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