Articles by Todd Wills

Administration, Investments, SMSF, Strategy

Strategy review doesn’t mean changes

SMSF Investment strategy review SIS Act

The mandatory annual review of an SMSF investment strategy should not be confused with a perceived requirement to make changes.

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Administration, SMSF, Strategy, Tax

Family trusts can offset $3m tax

Family protection trusts Estate planning superannuation SMSF earnings tax

Family protection trusts can be used to manage additional tax obligations related to existing or future legislative changes to the superannuation system.

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Accounting, Administration, ATO, Compliance, SMSF

SMSF loans still a compliance risk

SMSF loans ATO Related party transactions

The ATO has urged SMSF trustees to carefully examine any borrowing arrangements in place and verify they are in full compliance with essential regulatory requirements.

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ASIC, Compliance, Investments, Pensions

SMSF investment firm’s assets frozen

ASIC Brite advisors Asset freeze

ASIC has successfully applied to the Federal Court to freeze the assets of a company that provides SMSF investment services after it failed to provide financial statements and auditor reports.

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Legislation, SMSFA, Tax

Simpler tax model presented to govt

SMSF Association Superannuation earnings tax Unrealised gains Treasury $3m soft cap tax

The SMSFA has urged Treasury and the government to re-evaluate the taxation of unrealised capital gains within the $3 million soft cap tax.

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ETFs, Investments, Management

Betashares launches ETF investment solution

ETF Betashares Direct Investment platform

Betashares has rolled out a new investment platform allowing users to trade any ETFs currently listed on the ASX without incurring brokerage fees.

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Death benefits, Retirement, Superannuation, Tax

Super reform can unlock billions for charity

Superannuation death benefits Philanthropy Australia Tax reform Charities Charity

Eliminating taxes on superannuation death benefit bequests to charities could generate billions of dollars in additional income for Australia’s charitable organisations.

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Legislation, Superannuation, Tax

Simpler soft cap tax possible

Soft cap superannuation earnings tax calculation method

A peak accounting body has proposed a more straightforward approach to the current calculation method outlined in the draft legislation for the superannuation earnings tax.

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Administration, SMSF

Court can provide bankruptcy relief

SMSF bankruptcy court application

Recent court cases have revealed a potential course of action for SMSF members confronting bankruptcy that does not require the closure of their fund.

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ATO, Crypto Assets, Cryptocurrency, Investments

ATO flags rise in SMSF crypto losses

ATO SMSF cryptocurrency losses

The ATO has reminded SMSF practitioners and trustees to exercise caution when investing in cryptocurrencies after identifying cases where assets were lost or stolen.

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