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Showing 301 - 310 of 1390 results for "SMSFS"

Rent relief welcome news for SMSFs

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... party have been handed some relief form the impacts of COVID-19. The Australian Tax Office has given permission for these SMSFs to now reduce the rent for the 2019/20 and 2020/21 financial years. The news was welcomed by SuperConcepts, which said it ...

SMSFs in flashback to 2008

ELIZABETH MCARTHUR  |  FRIDAY, 27 MAR 2020
Self-managed super fund professionals and trustees may be feeling some deja-vu, as the same measures that were used in 2008 have been brought in to guide the sector through the COVID-19 pandemic. Terry Pinnell, chair of the Ethical Advisers' Co-op ...

SMSFs expected to outperform: Research

ELIZA BAVIN  |  MONDAY, 23 MAR 2020
SMSFs are expected to outperform in the current climate, due to higher than average exposures to cash and other low volatility assets, according to Rainmaker research. Around a quarter of the SMSF sector is held in cash and about 45% is held in shares ...

Queensland adviser barred from industry

ALLY SELBY  |  WEDNESDAY, 26 FEB 2020
... to act in the best interests of his clients by recommending they lend money to his related entities by dipping into their SMSFs. ASIC argues he particularly let his clients down when he failed to recommend they obtain their own independent advice on ...

SMSF property adviser pleads guilty

ELIZA BAVIN  |  MONDAY, 24 FEB 2020
The director of a 'one-stop-shop' for SMSFs has pleaded guilty to 17 counts of aggravated deception and one count of dishonest dealings with documents. George Nowak, director of EJ Property Developments, formerly Charterhill, entered the guilty plea ...

Stability needed: Maroney

ELIZABETH MCARTHUR  |  MONDAY, 24 FEB 2020
... representation will be vital, he urged. He said the SMSF Association is undertaking research with Rice Warner to compare the costs of SMSFs with industry and retail super funds. "We've signed another three-year agreement with the ATO," he added. Maroney ...

ATO cracks down on SMSFs

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
Delegates to the SMSF Association's annual conference have heard of the uptick in enforcements against SMSFs this financial year. Speaking at the conference, ATO assistant commissioner - SMSF Segment Dana Fleming said that in the financial year ...

Art, rare coins cause issues for SMSFs

ELIZABETH MCARTHUR  |  THURSDAY, 20 FEB 2020
At the SMSFA Conference a question around rare coins and artworks held in an SMSF sparked serious compliance concerns. Super Sphere director Belinda Aisbett, Elite Super director Katrina Fletcher and ATO director Kellie Grant hosted a discussion panel ...

ATO clamps down on auditor number misuse

ELIZABETH MCARTHUR  |  THURSDAY, 20 FEB 2020
... auditing discussion at the SMSF Association's annual conference turned to the ATO's recent efforts to stamp out SMSFs lying about audits and misusing auditor numbers. Super Sphere director Belinda Aisbett, Elite Super director Katrina Fletcher ...

SMSFs interrupted in 2019: SuperConcepts

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... technical update, SuperConcepts general manager of technical services Peter Burgess has said many of the reforms set to impact SMSFs proposed last year are still yet to eventuate. Speaking at the 2020 SMSF Association conference, Burgess said that when ...