SMSF Adviser - News for Australian SMSF professionals
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The hidden dangers of large SMSFs - SMSF Adviser
WEB1 day ago · A large fund can also pose a heightened risk of mismanagement, as it demands careful oversight to ensure compliance with SMSF regulations. “Without proper knowledge or external guidance, one or two trustees may overlook important legal obligations, leading to mismanagement or inadvertent non-compliance, resulting in severe penalties or losses ...
Approved SMSF auditors and new ATO statistics — what does the …
WEB17 hours ago · A. A. A. As a lawyer, I do a substantial amount of work advising and representing approved SMSF auditors who are being audited/reviewed by the ATO and/or who have been referred to ASIC. Accordingly, I paid considerable attention to certain new statistics that the ATO released recently regarding ‘SMSF auditor case outcomes 2023–24.
Finalists unveiled for Women in Finance Awards 2024
WEB1 day ago · A. A. A. SMSF advisers are in the running to win one of the coveted Women in Finance Awards 2024. A total of 258 finalists have been selected to compete at the eighth annual Women in Finance Awards. The national awards program, run with the support of principal partner Mortgage Choice, is designed to …
Forward planning best practice to decrease debt and increase wealth
WEB1 day ago · As retirement approaches, it's essential to strategically reduce debt while maximising wealth growth efficiently to achieve financial goals. Chris Reed, SMSF specialist adviser and director of Business Concepts Group, noted that as people approach retirement, they often receive lump sums from sources like the …
Free webcast will help SMSFs understand value of gold amid …
WEB2 days ago · The upcoming free SMSF Adviser webcast on 2 October will assist trustees and their advisers in considering investments in gold and other precious metals by helping them understand the benefits of the strategy, as well as the regulatory and compliance issues involved. Guest speakers Ruth London, national sales manager for …
Latest Australian SMSF News - SMSF Adviser
WEBNews. SMSF Adviser keeps the SMSF sector up to date with the latest and breaking news, and is the authoritative source of information for legal, compliance and regulatory updates. SMSF Adviser’s news caters to all professionals in the SMSF sector, including accountants, financial planners and auditors.
Feature Articles - SMSF Adviser
WEBFeb 26, 2024 · Shannon Smit: An award-winning offering. November 23 2022. Shannon Smit, CEO and founding director of Smart Business Solutions, was recently named the SMSF Adviser of the Year at the 2022 Women in ...
A detailed guide to SMSF rollovers and SuperStream
WEBJan 27, 2022 · A. While the ATO is taking a more educative approach in the transitioning phase of SuperStream, SMSF trustees and members should do their best to comply with the rules and timeframes to minimise unnecessary costs and anxiety. Overview. SMSFs have from 1 October 2021 been covered by the SuperStream rollover standards.
SMSF rollovers: Hurdles to cross - SMSF Adviser
WEBJul 22, 2021 · A. This memo provides guidance on an SMSF rolling benefits to another SMSF both prior to and from 1 October 2021. The key change is the requirement to comply with the SuperStream rollover standards from 1 October 2021. The regulations that apply from 1 October 2021 were finalised as law with an …