News

Superannuation, Tax

New CGT concessions book hits the shelves

A just-published book is aimed at acting as a reference guide to the small business capital gains tax concessions and their superannuation implications.

read more
Regulation, Strategy

SMSF body endorses six-member fund maximum

The move to increase the maximum number of SMSF members from four to six has met the approval of the peak sector body.

read more
ATO, Superannuation

ATO issues super access guidance

The ATO has warned SMSF trustees about the seriousness of accessing their superannuation benefits illegally.

read more
ASIC, Superannuation

SMSF adviser cops 10-year sentence over conduct

An adviser banned by ASIC has also been sentenced to 10 years’ imprisonment on eight counts of engaging in dishonest conduct.

read more
Education, Financial Planning

FASEA to fast-track diploma, bridging course approval

Graduate diplomas and bridging courses will receive priority assessment from FASEA, which has announced it will begin accrediting education courses and providers.

read more
Compliance, Strategy

Six members may require corporate trustee

Having a corporate trustee may be the only solution for some SMSFs wanting to increase the number of fund members to the maximum of six.

read more
ETFs, Investments

SMSFs remain ETF pioneers

SMSFs continue to drive flows into new asset classes offered by exchange-traded funds even though they now represent a smaller amount of overall capital managed by these investment structures.

read more
Administration, Auditing

Audit caution more likely with unlisted assets

Recent court cases are likely to temper how auditors view unlisted assets inside an SMSF portfolio.

read more
Tax

CGT, franking credit changes to reduce share gains

Proposed changes to franking credit refunds and capital gains tax will reduce the long-term gains from equities for those already paying high rates of tax.

read more
Regulation, Superannuation

SMSFA rejects sector inquiry call

The Australian Council of Trade Unions’ call for an inquiry into SMSFs has been labelled totally unwarranted by the sector’s peak body.

read more

Copyright © SMS Magazine 2019

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital