Articles by Shelley Banton

Contributions, NALI/NALE

How a contribution can trigger NALI

Practitioners must ensure clients adopt a new approach to SMSF asset acquisitions involving an in-specie transfer component for compliance purposes.

read more
ATO, Auditing

SMSF auditor independence targeted

Recent action against SMSF auditors clearly indicates regulators are enforcing the independence standards for the betterment of the sector.

read more
Cryptocurrency, Investments

The SMSF reality of owning NFTs

SMSF NFTs

The ability of an SMSF to own non-fungible tokens is not an impossibility, but it does come with many compliance issues that need to be addressed.

read more
Auditing, Compliance

Five reasons why a data feed isn’t an SMSF audit

There is a perception in the SMSF industry that once a data feed is in place, there is nothing left for an auditor to do.

read more
Auditing

Why technology won’t replace SMSF auditors

Many SMSF trustees and advisers could be forgiven for thinking recent developments in technology mean SMSF auditors no longer add any value to the audit process.

read more
Business News

Will real-time reporting affect ECPI claims?

As SMSF advisers struggle to keep up with the myriad changes in the SMSF space, it’s the fallout from events-based reporting that may have the most impact.

read more
Regulation

Navigating SMSF total super balances

There has been much SMSF industry debate and discussion surrounding the introduction of new legislation as a result of the reforms from the 2016 budget. 

read more
Auditing

Five ways direct bank feeds impact on SMSFs

The introduction of direct bank feeds into SMSF platforms has been both a blessing and a curse for SMSF auditors and advisers. Direct bank feeds can provide time-saving benefits because they eliminate trawling through pages of disorganised statements. However, depending on the status of the feed, a raft of new issues emerge that can throw […]

read more
Business News

Are SMSF advisers cannibalising their future?

One of the most common arguments for the continual downward pressure on SMSF audit fees is that advances in technology have made the SMSF audit process cheaper.

read more
Business News

Navigating excess contributions beyond budget

As the 2016 budget proposal for non-concessional contributions caps takes another twist, SMSF practitioners could be forgiven for thinking: “How long before the rules change yet again?”

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.