SMSF practitioners should maintain the highest documentation standards for their own funds due to the degree of scrutiny the ATO applies to them. ow.ly/lsrE50RGGHt

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

Conventional practices regarding information about an SMSF residential property for the annual audit may no longer be considered sufficient. ow.ly/kVVp50RGGH2

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

SMSF trustees with legacy pensions should convert or exit them to avoid an additional liability when Division 296 tax is introduced. ow.ly/BV0150RGGFZ

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

Changes to the rules around non-arm’s length expenses may not pass parliament before 30 June raising doubts as to their application in the current financial year. ow.ly/vr4h50RGGEA

#SMSF #financialplanning #financialservices #accounting #superannuation #smsmagazine

BUDGET SPECIAL: The decision to pay superannuation on paid parental leave has been widely supported as an effective measure to close the gender gap in retirement for women. ow.ly/pHNG50RFPr5

#SMSF #superannuation #smsmagazine #budget2024 #federalbudget

📣 Latest Selfmanagedsuper newsletter is out now! Get it here 👉 ow.ly/m5bw50RCLIc

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation

From 1 July, the preservation age will be aligned for all Australians, rendering some of the current superannuation system rules obsolete. ow.ly/AMGa50RA5Uy

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

BUDGET SPECIAL: Industry bodies have criticised the government for continuing to neglect key industry concerns in handing down the 2024/25 federal budget. ow.ly/frgp50RFOYx

#SMSF #financialplanning #financialservices #superannuation #smsmagazine #budget2024 #federalbudget

📣 Latest Selfmanagedsuper newsletter is out now! Get it here 👉 ow.ly/p9NE50RCLHV

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation

The reduction in the number of financial advisers with significant industry experience is not the most worrying trend affecting the sector. ow.ly/LGUw50Rz9E3

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

📣 Latest Selfmanagedsuper newsletter is out now! Get it here 👉 ow.ly/bQFL50RCLGn

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation

The FAAA has once again called on Treasury to explain why advisers should be forced to fund compensation claims arising from the Dixon Advisory case. ow.ly/aTe050RE3ma

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

The introduction of the qualified adviser into the industry could be the catalyst for increasing specialised practitioners in the future. ow.ly/HSr550RFmOY

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

The SMSF Association has labelled a Senate committee’s support for the proposed Division 296 tax as it stands disappointing. ow.ly/A7pP50RE3iP

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

SMSF trustee have been reminded of the new reporting requirements taking effect in the 2024/25 financial year for trust income. ow.ly/32J950RE3lp

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

Trustees and advisers need to consider the implications of having 30 June 2024 fall on a Sunday with regard to contributions and pension obligations. ow.ly/LPMj50Rz9vO

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

#SMSFPD is happening NEXT WEEK!

Are you ready to join us in either Melbourne, Sydney, or Brisbane in the following weeks? If you can't join us in person, don't worry - we've got you covered with a virtual option as well. SMS Magazine subscribers, use code SMS24PDEB to get $100

A Senate committee reviewing the draft Division 296 tax bill has recommended it be passed without any suggested amendments. ow.ly/2KKv50RE3il

#SMSF #financialplanning #financialservices #ausbiz #accounting #superannuation #smsmagazine

BUDGET SPECIAL: Social security deeming rates will remain locked at their current level boosting income available to age pension recipients. ow.ly/mb8l50RFP9U

#SMSF #financialplanning #financialservices #accounting #superannuation #smsmagazine #budget2024 #federalbudget