News & Insights
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Audit Management Letters
My client has received a management letter from the auditor of their SMSF. Should they be worried? All SMSF trustees are ...
Legislation
SMSF insurance policies – have you got the correct owner?
It is quite common for individuals to hold insurance cover inside super. If a trustee of an SMSF decides to offer insurance ...
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Is this a permitted SMSF investment?
My client’s SMSF owns residential property in a beachside location. The property is available for short-term rentals. Is the ...
Meg's Musings
Meg's Musings | August 2022
There are no encouraging financial statistics these days – rising interest rates and high inflation certainly don’t make happy ...
Retirement
Has your client really retired?
Retirement. It’s a condition of release with no cashing restrictions (ie there are no strings attached!). Qualify as retired ...
Death
Future service tax deductions - some traps for the unwary
When an SMSF member with insurance dies before 65 there is potentially a special tax deduction available known as a “future ...
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Valuing assets to market in SMSFs
My client doesn't understand why the assets in his SMSF need to be valued to market every 30 June and is refusing to obtain ...
And now it’s July – with a new to do list
The start of the year means new opportunities and new things to do. While we might all make our personal New Year’s resolutions ...
Meg's Musings
Megs Musings – July 2022
Happy New Year to all those who (like me) will probably think in terms of financial, rather than calendar, years for the rest ...
Why the angst about investment strategies?
A recent article in SMS Magazine here talks about the anxiety currently created by investment strategy requirements (and ...
Legislation
TBAR changes are coming
Late last year, the ATO announced they were reviewing the current deadlines for lodging TBARs with a view to moving to a single ...
Tax
Should I wait until I start my pension before I sell assets in my SMSF?
These days, many SMSF members know that their fund stops paying income tax on some or all of its investment earnings (rent, ...
