The COVID-19 pandemic has affected everyone’s lives, and SMSF trustees are no exception.
While the worst of the pandemic is (hopefully) behind us, trustees still have difficult questions to ponder as they focus on how best to position their SMSF in 2020-21, as well as meet their annual regulatory obligations for 2019-20.
The ATO has released their bulletin for SMSFs highlighting their concerns with some of the riskier approaches to property investments. There are numerous strategies and ways for property to form part of an SMSF’s investments and each must be carefully considered to ensure it is within the law as well as meeting the SMSF’s investment strategy.
With the end of the financial year fast approaching, now is the perfect time to ensure everything is in place for your clients SMSFs before 30 June. The following are some superannuation strategies that you might want to know more about to get the best results for your clients.
As the saying goes “No one is perfect”. Unfortunately, the same is true with accountants, as much as we try to deny it! To prove it, the ATO has released a list of the top five most common issues found on lodged SMSF Annual Returns:
Choosing if and when to outsource SMSF accounting can be a difficult decision – but it doesn’t have to be!
There’s a massive range of prices being charged in the marketplaces for the annual accounting, taxation and audit costs for Self-Managed Super Funds. The key reasons behind this disparity are:
The Government has announced a second wave of stimulus to help combat the impact of the Coronavirus pandemic. This new wave of stimulus includes some major changes to Superannuation which is likely to affect your SMSF clients for the coming years. Here is what you need to know.