News & Articles

by Mark PhillipsYou may have one or more funds with overdue returns that recently received a warning letter from the ATO. The ATO have made it clear these funds are squarely in their sites and are likely to be subject to further...

by Alicia Thomson Recently the announcement for AWOTE (average weekly ordinary time earnings) for the December 2020 quarter was announced. This has had the roll-on effect of increasing the non-concessional and concessional caps as well as...

by Mark Phillips We often receive queries from our network in relation to their SMSF clients, and some of these form the basis of our Monday articles. Recently we were asked about the treatment of death benefits in an SMSF where a husband...

by Abra Chowdhury After June 2021 the transitional compliance approach period for Non-Arm’s Length Expenditure (NALE) will come to an end. It is an appropriate time for a final assessment of whether all expenses are on an arm's length...

by Alex PolorotoffThe ATO recently announced the indexation of the General Transfer Balance Cap (TBC) to $1.7 million which will occur on 1 July 2021. As the ATO indicated, the difficulty for practitioners will be that “once...