The true cost of running the average SMSF could be as high as $20,000 a year, according to Deakin University.

Automated audit software developer CaseWare Australia and New Zealand will tomorrow release its latest program, SMSF Audit, which aims to improve the productivity and compliance of Australian SMSF auditors.

Class Super has added a new suite of application programming interface (API) and login functionality that will enhance the security, usability and connectivity for over 80,000 SMSFs administered on the software.

SMSF investors have accepted micro-caps as a viable asset class now more than ever, with the trend anticipated to continue into global investments.

The new preservation age for superannuation, which started last Wednesday, was bound to result in slip-ups by advisers and trustees, an industry practitioner has warned.

The team behind independent SMSF audit firm Engage Super last week joined Deloitte in a move that will enhance the professional services firm’s capability in the SMSF space.

The decision on whether to include SMSF services in accounting and advice practices is now front and centre as many businesses are looking at how to bring in specialisation.