News & Articles

by Alex Polorotoff Last month, the ATO released internal staff guidelines known as Practice Statement Law Administration 2020/3, which provides guidance on penalties that can be imposed on SMSFs under the SIS Act. The guidelines discuss...

by Mark Phillips Is there any real difference between Individual and Corporate Trustees? A key consideration when establishing an SMSF is whether to use an individual or corporate trustee. Generally where the decision is left to the...

by Abra Chowdhury To be eligible to take advantage of concessional tax rates, a super fund must meet the definition of “complying superannuation fund” which includes being an “Australian Superannuation Fund”. It is an ongoing...

by Alicia Thomson Many of us are in some form of lockdown and it can be difficult to get documents physically signed at this time. For those of us in Victoria, New South Wales and Queensland, the Government have temporarily amended the...

by Duc Hong Today's article is simply to show the calculations, and reality, of how Additional tax on concessional contributions work. Application of Division 293 of the Income Tax Assessment Act results in high income earners paying...