News : ATO

Accounting, ATO, Documentation

Accountants should use peers for SMSF paperwork

Accountants should consider using their peers to produce financial statements for their own SMSFs to avoid raising flags with the ATO.

read more
ATO, Property, Superannuation

ATO provides tips on FHSSS forms

The ATO has offered tips for fund members who are required to complete the First Home Super Saver Scheme release authorities.

read more
ATO, Auditing

ATO letters flag auditor number misuse

Auditors have received letters from the ATO with a list of SMSFs to verify the correct use of auditor numbers.

read more
ATO, Superannuation

ATO rectifies two recent errors

Two recently detected documentation errors have been addressed by the ATO.

read more
Accounting, ATO, Auditing

ATO to release banned SMSF trustee register

SMSF; review; industry fund

The names of banned SMSF trustees will be made more accessible to advisers and the public via a new register from the ATO.

read more
ATO, Retirement, Superannuation

Definition of contribution remains vague

There is no concrete definition of the term contribution in super law and income tax law, which can be problematic for clients.

read more
ATO, Retirement, Superannuation

ATO stresses commutation authority strictness

Commutation authorities must be actioned in a specific manner to avoid any associated adverse consequences, the ATO has said.

read more
ATO, Superannuation

Members find super worth over $860m

Super members found and merged over 105,000 super accounts worth more than $860 million last year.

read more
ATO, Superannuation

Potential confusion flagged with division 293 notices

The way information is presented on the redesigned ATO division 293 assessment notices has the potential to cause confusion for SMSFs employing a contributions reserve

read more
ATO, Superannuation

ATO aids contributions cap compliance

The regulator will assist practitioners and their SMSF clients in complying with the new non-concessional contributions cap rules.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.