SMSF Adviser - News for Australian SMSF professionals
Impact of Div 296 emerges in recent audit. News. November 13 2024. 1. The severe financial risk of the proposed Division 296 tax has been highlighted by one of the sector’s best-known auditors. Deanne Firth, director of Tactical Super, ...
Alternate v successor directors - SMSF Adviser
1 day ago · A. A successor director has more strategic and practical advantages than an alternate director in an SMSF corporate trustee structure, says a leading legal specialist. Daniel Butler, director of DBA Lawyers, said in a recent online update that successor directors are particularly useful for blended families and succession planning as they offer ...
Super bill not on Senate calendar next week - SMSF Adviser
A. A. The Better Targeted Super Concessions Bill has not been scheduled for debate in the Senate next week, creating doubt as to whether it will be passed by the end of the parliamentary sitting year. The draft schedule, released Friday, does not include the controversial legislation that contains the $3 million super tax.
SMSF property investing surges - SMSF Adviser
2 days ago · Chambers said according to the latest ATO quarterly statistical report, between the June quarters of 2021–2024, SMSF asset allocation for residential property grew 26.4 per cent to $55.2 billion. Asset allocation for non-residential property grew 25 per cent to $102 billion. “Previously, obtaining SMSF property loans was challenging.
Latest Australian SMSF News - SMSF Adviser
2 days ago · News. SMSF Adviser keeps the SMSF sector up to date with the latest and breaking news, and is the authoritative source of information for legal, compliance and regulatory updates. SMSF Adviser’s news caters to all professionals in the SMSF sector, including accountants, financial planners and auditors.
Busting myths around death benefit payments - SMSF Adviser
3 days ago · Cullen said there are several other “myths” or questions surrounding payment of death benefits, including what happens if the recipient is under preservation age and has not met the condition of release on their own. “The fact is that the death of the primary member is the condition of release, so that makes everything unrestricted.”.
Property investment will take time to stabilise: expert
4 days ago · A. A. Even with interest rate cuts, the property investment market is likely to track sideways for a period before there is a correction in the market, says a property specialist. Andrew McVeigh, managing partner at Remara, said on the latest SMSF Adviser podcast that over the past 18 months the property market has been a difficult landscape ...
Tax promoter penalty changes must be delayed: SMSFA
Nov 7, 2024 · A. A. Proposed amendments to the tax promoter penalty laws risk further thinning the line between tax advice and scheme promotion, the SMSF Association has warned. The government’s proposals to amend the tax promoter penalty laws may create risks for professionals seeking to provide legitimate advice and should not proceed until a broad ...
SMSF Professionals Guide FY23–24: Streamlining the delivery of ...
While lucrative, managing an SMSF can be incredibly complex, with trustees responsible for delivering strong investment outcomes for members while also ensuring compliance with ever-evolving tax and regulatory obligations.
Feature Articles - SMSF Adviser
Feb 26, 2024 · Shannon Smit: An award-winning offering. November 23 2022. Shannon Smit, CEO and founding director of Smart Business Solutions, was recently named the SMSF Adviser of the Year at the 2022 Women in ...