The Federal Government has announced an extension to the ability for an individuals who are still financially impacted by the COVID-19 pandemic to have more time to apply for the early release of up to $10,000 of superannuation, with the application period extended from 24 September 2020 to 31 December 2020. The announcement was part…
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There are many important issues and considerations for SMSFs in the current economic landscape and we were fortunate that CEO, Aaron Dunn was joined by the ATO’s Acting Assistant Commissioner for SMSFs, Steve Keating to discuss what’s ahead for SMSFs in 2020-21. Topics covered In this live event, Aaron explores the following topics…
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As part of the ATO’s response for SMSF trustees dealing with the coronavirus pandemic (COVID-19), it provided relief for funds with a compliant limited recourse borrowing arrangement (LRBA) that had a loan with a related party. This COVID-19 relief essentially allows for a SMSF that was complying with the ‘safe harbour’ for real property in…
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The Australian Taxation Office (ATO) has recently published their SMSF statistical overview for 2017-18 which provides key insights from the published data about the health and performance of the SMSF sector. There’s always a lot of focus on some of ‘headline’ statistics, which this year was around operating expenses. The ATO has done some excellent…
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We know that many professionals are still working through volumes of work for their clients impacted by COVID-19. We know this because we can see the number of documents that are being generated around early release of super, rent relief and more. So, to help keep everyone going, we have decided to extend…
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