With the ATO’s guidance released in 2020 (details below) and the current investment market volatility leads to an increasing risk but also an opportunity for trustees to review their investment strategies. How can we view this compliance exercise as an investment review?

With the potential change requiring funds to change SMSF auditors as a result of the APES 110 Code of Ethics and updated auditor independence guide, the issue of auditing Opening Balances is a topical issue for the industry. Here are our thoughts…

It’s time to start outsourcing your SMSF audits, but where should you start? We’ve got a few reasons for you to consider a different kind of off-shoring.

Small accounting firms across Australia are looking to start outsourcing their SMSF Audits. What should you look for when beginning this partnership? Ask yourself these five questions.

The 2020-2021 Federal Budget is all about jobs, jobs and jobs. COVID-19 has resulted in the most severe global economic crisis since the Great Depression. This Budget provides an additional $98 billion of response and recovery support under the COVID-19 Response Package and the JobMaker Plan.

We answer a popular question around how small accounting firms can seek secure, reliable SMSF audits from within and outside their region.

The SMSF Association welcomes the introduction of a Bill into Parliament that will increase the maximum number of allowable members in a self-managed superannuation fund (SMSF) from four to six.

First announced in the 2018-19 Federal Budget, the increased maximum will help larger families to include all their family members in their SMSF.

The SMSF Association has sought clarity from the ATO and they have confirmed that pension payments made up to 24 March 2020 (the date of the Government’s announcement) in excess of the new reduced minimum annual payment will be treated as pension payments in 2019/20 and cannot be treated as lump sums.