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.

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?”

There are many reasons why SMSF trustees put their hands inside the SMSF cookie jar and help themselves. The most common ones are a failing business that requires a cash-flow injection or being in desperate need of funds to meet everyday financial commitments.