Accountants need to overcome the significant misconception in the industry that the limited licence option will place a substantial compliance burden on them.

The SMSF Association will be rolling out a number of programs to support its members throughout 2016 with a focus on raising the profile of professionals operating in the space.

SMSF interest in peer-to-peer (P2P) lending as an asset class will only continue to grow this year, particularly as the advised channel begins to get on board, according to one P2P lender.

Opinion remains divided on whether the trusted status accountants enjoy among their clients and the greater public will be eroded if some practitioners are found to be providing poor SMSF advice under the licensing regime, according to a financial services research company senior executive.

The ATO recently decided to scrap the Draft Taxation Ruling (TR) 2013/D7. This draft ruling relates to superannuation entities and how expenses are to be apportioned. The original ruling, TR 93/17, will apply with an issue of a comprehensive addendum to this ruling. It is expected to be issued this month.

The team at selfmanagedsuper would like to wish all of its readers a Merry Christmas and a Happy New Year as it signs off for 2015.

The use of reserving strategies within SMSFs was not very common, despite the opportunities now available following the aftermath of the global financial crisis (GFC), according to a sector expert.

Taxpayers interested in making their transition-to-retirement income stream (TRIS) payments tax free by treating them as a lump sum have been warned by an expert SMSF lawyer to obtain a private binding ruling (PBR) before pursuing the strategy.

Specialist peer-to-peer lender InvoiceX is targeting SMSF members to become its next solid segment of investors.