We have seen swift action by the Australian Taxation Office (ATO) to support the SMSF industry across a range of areas that have been impacted by the coronavirus pandemic. Through a rational and reasoned process, the Commissioner in many circumstances won’t apply compliance resources to potential compliance breaches in areas such as rental relief being…
With financial markets having gone into free fall since the end of January, this has not only had a significant impact on the super balances of fund members, but has also heightened a range of compliance issues across the SMSF industry. This includes the potential impact on in-house asset (IHA) arrangements, which was flagged with…
We are seeing first hand the devastating effects from the coronavirus pandemic and its impact on business generally. Whilst some have thrived (e.g. think supermarkets), many have closed their doors due to Government intervention to stop the spread of this virus. This has resulted in many businesses, not only standing down staff but also wondering…
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 investment strategy report on the Smarter SMSF platform. From this ATO guidance, we have added two additional features now allowing you…
We know that investment strategies have been one of the big topics within the SMSF industry over the past 6 months and will continue to be a significant part of the landscape in 2020. Over the past few months we have been working towards seamlessly integrating the preparation of Smarter SMSF’s investment strategy into Simple…