News & Articles

The Australian Taxation Office (ATO) can initiate an SMSF audit for a number of reasons, including a miscalculation or non-compliance with the SIS Act or SIS Regulations. Generally, ATO audits are escalated from an initial review, however...

As per the quarterly update on the SMSF industry statistics by the ATO, there were 597,396 active SMSFs in Australia. When dealing with an industry that holds more than $787 billion in assets, it is important that appropriate people...

Since 1 July 2019, there has been an exemption allowing members to make additional super contributions when they no longer meet the work test. This can be great for members who have recently retired but would still like to make some final...

One in three marriages end in divorce. For this reason, understanding some of the complexities in superannuation and tax law surrounding divorce, is important to get the best possible outcome for your clients. The family court order or...

A small business owner can contribute either the sale proceeds or capital gains from the sale of business assets into their SMSF, and disregard some or all capital gains by using the two main concessions: The 15-year exemption;...