Articles by Todd Wills

In-house assets

Exercise caution with in-house asset exemptions

SMSF property development in-house asset related parties

Trustees should be wary of relying on exemptions in the SIS Act to avoid a property development project becoming an in-house asset.

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Estate Planning, Management, SMSF, Strategy

Power of attorney critical in incapacity

SMSF trustee enduring power of attorney

Nominating an enduring power of attorney prior to the possibility of incapacity is vital for SMSF trustees to avoid lengthy legal proceedings.

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ETFs, Investments

JP Morgan launches first fixed income ETF

JP Morgan ETF

JP Morgan has added to its Australian ETF offerings by introducing its first fixed income fund and a growth-focused ETF for accessing emerging markets.

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financial advice, SMSF

Intent at set-up critical for advisers

SMSF establishment intent

Financial advisers need to comprehend the reasons why a client might want to establish an SMSF so they can uphold ethical standards and fulfil their professional obligations.

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ATO, Auditing, Compliance, SMSF

Auditors warned about charges over assets

SMSF auditors charge over asset

SMSF auditors have been reminded of their duty to ensure trustees have not given a charge over assets held within a fund.

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ATO, Auditing, Compliance, Property, SMSF

Property scheme scrutiny widens

SMSF property development scheme

The ATO has altered a key definition in its latest taxpayer alert regarding SMSFs and property development schemes.

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Investments

Investor confidence grows despite rate rises

Investor confidence interest rates

About half of Australian retail investors remain undeterred by successive interest rate rises and will continue to ramp up their investment activities in 2023/24.

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Contributions, Strategy, Superannuation, Tax

2023/24 ideal for concessional contributions

Voluntary superannuation contribution

Trustees contemplating making a voluntary contribution to their superannuation funds should take action within this fiscal year.

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Insurance, SMSF, Strategy, Tax

Insurance source doesn’t impact tax

SMSF life insurance

SMSF trustees are not required to use funds from their superannuation accumulation accounts to cover life insurance premiums in order to qualify for a tax deduction.

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Accounting, Business News

IPA celebrates milestone

Institute of Public Accountants

An organisation representing accountants from Australia and around the world is about to mark its 100th anniversary.

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