The Federal Government has introduced into Parliament, the Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023 (on 13 September 2023), which amends the non-arm’s length income (NALI) rules within s.295-550 of the ITAA 1997 to deal with non-arm’s length expenditure (NALE) that relate to general expenses of a fund.…
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Treasury has released for consultation the Superannuation (Objective) Bill 2023 and Superannuation (Objective) (Consequential and Transitional Provisions) Bill 2023 for feedback, following on from stakeholder engagement earlier in the year on the need to legislate the objective of superannuation to provide a share direction for government, the super industry and Australians (as superannuants). The…
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The digital age, and through an accelerated period during COVID-19, we have seen the transformation in the way many of us operate and communicate, including through the SMSF industry. However, we do typically see legislation lagging behind these technological advancements, resulting in outdated practices that don’t align with modern business needs. This can create practical…
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The SMSF Annual Compliance Masterclass was Smarter SMSF’s first three (3) hour online masterclass event for the financial year, co-hosted by Tim Miller and Aaron Dunn. This masterclass is part of a series throughout 2023-24 that utilises our comprehensive case study on the Malthouse family and the Little Brewers Super Fund. You can download the…
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In this webinar, Aaron Dunn from Smarter SMSF explores the various risks and opportunities in paying pensions from a SMSF, including: the current state of play with SMSF pensions understanding how you currently prepare pension documents, including the risks of using SMSF software documentation Demonstrating the Smarter SMSF pension documents, including the use of…
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