When setting up a Self-Managed Super Fund (SMSF), choosing the right trustee structure is critical. You can opt for individual trustees or a corporate trustee, but the latter often offers... read more →
Loans to members continue to top the list of reported contraventions in self-managed super funds (SMSFs), according to auditor contravention reports submitted for the 2019 to 2022 audit years. Constituting... read more →
A quick reminder to all Self-Managed Super Fund (SMSF) trustees about the upcoming deadline for lodging your SMSF Annual Return (SAR). The due date for submission is 28 February 2024.... read more →
As expected, the 2023-2024 Federal Budget has placed a strong emphasis on the cost of living and establishing a stronger, secure economy. From an SMSF perspective, we were pleased to... read more →
Taxation Ruling TR 2019/2 Income tax: whether penalty interest is deductible provides the Australian Taxation Office’s (‘ATO’s’) view on the deductibility of penalty interest. It replaces Taxation Ruling TR 93/7W Income tax: whether penalty... read more →