This blog post is to provide you with an update as to how as a business at Smarter SMSF we are responding the the current coronavirus pandemic. As you know, many businesses have instigated a work-from-home (WFH) policy for their staff. We have been closely monitoring Government guidance regarding taking appropriate steps for the safety…
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With the Australian Taxation Office (ATO) having recently published updated guidance on their expectations regarding compliance with SIS Regulation 4.09, we have made a small, but important additional feature for users in preparing an SMSF investment strategy report on the Smarter SMSF platform. From this ATO guidance, we have added two additional features now allowing…
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The ATO has recently published the top 5 mistakes made on SMSF annual returns (SARs) and how they can be avoided when lodging current and future SARs. We share these with you below and provide some of our own commentary around these topics: Bank account not unique to the SMSF A fund needs a…
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It has become common practice for SMSFs to maintain the currency of the deed due to ongoing changes in the law or outcomes from relevant case law decisions. It is however important to distinguish the different activities with a fund’s deed and how they will be deemed as capital in nature or deductible. Trust deed…
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Have you ever been really interested in attending a training event, but needed to convince your boss to let you go? Events such as the SMSF day are an important way to learn about the latest issues and strategies around SMSFs, something which may professionals recognise and is why they attend each year. We understand that sending…
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