Newsletters

Div 296 is sucking the oxygen out of the room; but…

5 Nov 2024, 12:46 pm

Div 296 is getting a lot of air space in the SMSF world. Hectares of media coverage, strident commentary from vested interest groups….

Yes, if it becomes law, it will have a massive impact on the SMSF industry. But the ‘if’ is the point:

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SMSF Breakfast briefings for accountants 2024

30 Sept 2024, 3:48 pm

Coming soon to a venue near you – the big issues and key technical updates on all things SMSF.

Your free briefing includes:
- 1.5 hours of training – 1.5 CPD points
- Q&A
- Pre-audit checklist
- Full training notes
- Continental breakfast

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SMSF Audits: Related party transactions are still an issue

16 Sept 2024, 4:10 pm

Related party transaction issues still pop up in SMSF audits coming across my desk.

And the major cause – property.

The three major stumbling blocks for most trustees:

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ATO data matching and its implications for SMSF trustees

26 Aug 2024, 4:28 pm

The ATO’s data matching capabilities are growing and will be supercharged by AI. Repeat offenders run a real risk not just of fines, but also potentially being shut down.

My audit reports have clear suggestions for a robust compliance framework.

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SMSF Monopoly – have you passed GO?

27 June 2024, 2:38 pm

In a few years, even holding those two purple properties just after the Go square could result in having a liability.
 
It is not uncommon for Land Tax to be overlooked in SMSFs. My suggestion...

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Audit Checklist for SMSF Compliance 2024

14 June 2024, 3:25 pm

Practical, real-world discussions to have with your clients.

(We don't want the ATO finding breaches - and issuing fines.)

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Minimum pension drawdown to double

23 May 2024, 2:20 pm

Effective 1 July 2023 this threshold reverted to its original age dependent levels, effectively doubling. Most of you use SMSF software that will pick this up, but it is worth planning this out early.
Issues need to be resolved by 30 June, otherwise...

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ATO crackdown on SMSF asset values

1 May 2024, 11:52 am

The ATO’s data-matching ability marches on; and in 2024 they have shown a zeal for enforcing regulatory requirements and imposing associated penalties.
Also, there's the Federal budget in May. My spidey senses are tingling…

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Three strangers walk into a bar – SMSF, biodiversity credits and property developers...

8 Apr 2024, 2:58 pm

Three strangers walk into a bar – SMSF, biodiversity credits and property developers – and become best mates.
I love the creativity of my fellow human beings. How lateral thinking and self-interest can create whole new vistas to contemplate and explore.

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