News : Administration

Administration, Business News

New administration platform for trustees

SMSF administration function

A software application has been launched that allows SMSF trustees to perform the administration of their funds without professional assistance.

read more
Administration, ATO

SMSFA wants better data access

SMSF ATO data

The SMSF Association is pushing for ATO data to be made available to a greater number of practitioners.

read more
Administration, Superannuation

With contributions, timing is everything

Contributions timing

The timing treatment of contributions when using a clearing house facility differs depending on which service is involved, writes Meg Heffron.

read more
Administration, Documentation

Asset specific corporate trustees optimal

SMSF corporate trustees

‘Asset specificity’ is the key advantage a purpose-built corporate trustee would have over a non-specific, existing company being appointed an SMSF corporate trustee, an SMSF legal expert has said.

read more
Administration, Compliance

Offshore control of SMSFs possible, but limited

SMSF overseas control

SMSF trustees can exercise control over their funds while overseas, but recent ATO rulings have emphasised the need for major decisions to take place in Australia.

read more
Administration, Compliance

Past offences a barrier to trustee role

SMSF trustee eligibility

Potential SMSF trustees should be encouraged to disclose any past dishonesty offences to avoid committing a further offence if they take on the role.

read more
Administration, Business News

Class completes new product integration

Class product integration

Class has completed its integration with Cloudoffis SMSF Sorted, which is designed to deliver increased efficiency to SMSF accountants and administrators.

read more
Administration, ATO

Annual returns non-lodgement puts $45b at risk

SMSF annual returns

The non-lodgement of SMSF annual returns in 2019 has put in excess of $45 billion in superannuation assets at risk, according to the latest ATO data.

read more
Administration, Regulation

Unsuitable trustees should be replaced

SMSF members trustee replaced

Not all SMSF members should be trustees and can be replaced by their legal representative using an enduring power of attorney.

read more
Administration, Regulation

Six member funds regarded as franking credits foil

six member franking credits

A leading SMSF administrator has revealed interest among its clients to have more members in their funds has dropped away since the May federal election.

read more

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital