News

ATO, Retirement

Tax-avoidance via SMSFs targeted

SMSFs tax avoidance

Retirement planning schemes using SMSFs to avoid tax have been listed as an area of concern and action for the ATO.

read more
SuperStream

Two SuperStream components key

SuperStream components

Two components of the SuperStream system must be acknowledged by the trustees of a superannuation fund rolling over a member balance.

read more
Compliance

Penalty unit rise boosts corporate trustee case

penalty unit corporate trustee

The increases in penalty units during this year have strengthened the case for SMSFs to use a corporate trustee structure.

read more
financial advice

ASIC wants ongoing cost review

SMSF costs

ASIC Information Sheet 274 has instructed practitioners to educate their clients on the costs associated with an SMSF beyond establishment.

read more
ATO

Quarterly TBAR lodgement encouraged now

Quarterly TBAR

The ATO has encouraged SMSF trustees to begin the practice of lodging TBARs quarterly despite the requirement not commencing for six months.

read more
Appointments

Accurium promotes Dunn to senior role

Accurium Dunn

Accurium has promoted one of its long-serving senior staffers to a new leadership role within the group overseeing its SMSF training and actuarial services.

read more
financial advice

Advisers can eliminate info lag

SMSF advice market information

SMSF trustees who receive financial advice are more likely to be receiving the most up-to-date information needed to run their own super fund.

read more
ASIC, financial advice, Tax

Adviser register to show tax advice capability

Advisers register tax advice

ASIC’s adviser register will show which financial advisers can provide tax advice but the accuracy of information will depend on licensees.

read more
Appointments

LightYear Group announces new CEO

LightYear Group chief executive

The parent group of an SMSF document provider has restructured its leadership team and appointed a new chief executive.

read more
Documentation

SMSF establishments have a season

SMSF establishments

The latest SMSF research has revealed individuals make the commitment to establish their own super fund at a particular time during a given year.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.