How will SMSF auditors deal with COVID-19 relief?

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…

Choice of asset range now available within investment strategy

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…