Articles by Jason Spits

LRBA warnings still valid

January 12, 2023

Financial advisers should still warn clients about the risks of LRBAs despite a recent report stating they were relatively safe.

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ATO, Retirement

Tax-avoidance via SMSFs targeted

January 11, 2023

Jason Spits

Retirement planning schemes using SMSFs to avoid tax have been listed as an area of concern and action for the ATO.

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Compliance

Penalty unit rise boosts corporate trustee case

January 11, 2023

Jason Spits

The increases in penalty units during this year have strengthened the case for SMSFs to use a corporate trustee structure.

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ATO

Quarterly TBAR lodgement encouraged now

January 10, 2023

Jason Spits

The ATO has encouraged SMSF trustees to begin the practice of lodging TBARs quarterly despite the requirement not commencing for six months.

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Appointments

Accurium promotes Dunn to senior role

January 10, 2023

Jason Spits

Accurium has promoted one of its long-serving senior staffers to a new leadership role within the group overseeing its SMSF training and actuarial services.

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ASIC, financial advice, Tax

Adviser register to show tax advice capability

January 9, 2023

Jason Spits

ASIC’s adviser register will show which financial advisers can provide tax advice but the accuracy of information will depend on licensees.

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Appointments

LightYear Group announces new CEO

January 9, 2023

Jason Spits

The parent group of an SMSF document provider has restructured its leadership team and appointed a new chief executive.

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Property, Trusts

Unit trust loans may fail sole purpose test

December 22, 2022

Jason Spits

Using loans from a unit trust to allow SMSF trustees to purchase property which is then secured by a mortgage is likely to breach the sole purpose test.

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ETFs