News

Investments, Property

SMSFs continue to invest in direct property

Despite reports of SMSF property allocations dropping, trustee demand for and investment in the asset class have continued via the fractional investing channel.

read more
Investments

Investment mix changes off reforms

The asset allocations of SMSFs across the 2018 financial year have shown the impact of new legislation and market conditions on trustee strategies, according to the latest industry analysis.

read more
Accounting, ATO, Regulation

TBAR requirements overwhelm accountants

There is a genuine sense many practices are not ready for the ongoing transfer balance account reporting (TBAR) requirements post 1 July 2018, according to an SMSF expert.

read more
Regulation, Superannuation

SMSFs facing major SuperStream issue

The extension of SuperStream to SMSFs will be a positive development for rollovers, however, the inclusion of contributions will be problematic, a technical expert has warned.

read more
Estate Planning, Management

Practitioners must beware of EPOA trap

An industry lawyer has warned practitioners should approach the task of being issued with an enduring power of attorney for a client’s SMSF with caution as the role may not provide any reward for the individual concerned.

read more
Regulation, Retirement

Franking credit inquiry gets SMSFA support

The SMSF Association has welcomed the decision by the House of Representatives Standing Committee on Economics to commence an inquiry into the implications of removing refundable franking credits.

read more
Accounting, Regulation

Calls continue for accountants’ exemption revival

Chartered Accountants Australia and New Zealand (CAANZ) has revealed it has experienced similar feedback to other accounting bodies with significant requests from members wanting a return to the accountants’ exemption with regard to servicing SMSF clients that was in operation before the implementation of the Future of Financial Advice (FOFA) reforms.

read more
ASIC, Investments

ASIC cracks whip on crypto-assets

The Australian Securities and Investments Commission (ASIC) has moved to act against misleading initial coin offerings and crypto-asset funds targeting retail investors.

read more
Accounting, Management

Online portals flagged as key SMSF gap

SMSF trustees who use accountants as their main source of advice have expressed a demand for online access that allows them to monitor their fund, which in turn will lift their satisfaction levels, new industry research has revealed.

read more
Auditing

Court precedent puts auditors on notice

Auditors have been told to take away the practical lessons learnt from the recent outcome of a court decision where an SMSF auditor was found to be liable for losses as well as acting negligently.

read more

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital