Articles by Todd Wills

Take proactive steps for lost documents

July 11, 2023

SMSF trustees and advisers should consider establishing a new SMSF in the event key operating documents can no longer be found.

read more

Auditing, Compliance, SMSF

Auditors urged to seek updated valuations

July 10, 2023

Todd Wills

SMSF auditors must exercise caution in approving asset valuations and ensure they are up to date with the respective valuation year.

read more

Regulation, SMSF, Tax

Imputation system changes bad for SMSFs

July 6, 2023

Todd Wills

The proposed changes to the franking credits regime could have a significant impact on trustees who rely on the credits to benefit from lower taxation rates offered by their SMSFs.

Downsizer delay may be wiser

July 5, 2023

Todd Wills

Trustees should consider saving their ability to use the downsizer contribution and utilise their non-concessional contribution caps first, given recent rule changes.

read more

financial advice, Financial Planning

FAAA gets over 80 per cent member nod

July 4, 2023

Todd Wills

The FAAA has announced an 80 per cent membership renewal rate, indicating strong support and confidence in the newly merged representative body.

read more

NALI/NALE, Tax

Clarity sought on NALI/CGT ruling

July 3, 2023

Todd Wills

The SMSF Association has called on the ATO to clarify the draft ruling on the interaction between NALI and the CGT regime.

read more

ASIC, financial advice

Adviser levy increase unfair

June 29, 2023

Todd Wills

The government’s decision to end the financial adviser levy freeze is unfair as the model for calculating the appropriate fee level is still under review.

read more

SMSF, Superannuation, Tax

Trustees exploring options ahead of $3m cap

June 28, 2023

Todd Wills

SMSF trustees are searching for alternative strategies outside of superannuation to mitigate the tax implications of the proposed $3 million super earnings tax.