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Written by DEANNE FIRTH Automation has come a long way in the last few years, but can an SMSF audit be fully automated? Tactical Super’s director Deanne Firth explores the..Read More >>

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New market valuation requirements commenced from 30 June 2013. All assets are now required to be reported at market value and the valuation should be based on objective and supportable..Read More >>

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Contraventions that occur after 1st July 2014, including those which have occurred prior and not been resolved, will now be subject to a penalty. This penalty cannot be paid using..Read More >>

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Regulations regarding investment strategies have been amended to require trustees not only to formulate and give effect to, but also to regularly review the entity’s investment strategy. Trustees of SMSFs..Read More >>

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Last chance to transfer collectables and personal use assets before transitional arrangements cease on 30 June 2016 Legislation provides that artwork and collectables are no longer able to be leased..Read More >>

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From 1 July 2014 some SMSF trustees must start using the SuperStream standards to receive contribution data and payments electronically with all SMSFs required to comply by 1 July 2015...Read More >>

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As at 1 July 2014 superannuation guarantee payments increase from 9.25% to 9.5%. Ensure your payroll system is updated to reflect the change.

Commencing on the 1st of July 2013 the Superannuation Guarantee (“SG”) charge gradually increases from 9% to 12%. The Superannuation Guarantee age limit has also been abolished so eligible employees..Read More >>

Written by Deanne Firth Many SMSF professionals are unknowingly giving unlicensed advice on insurance by providing clients with pre-filled documentation from their accounting software, warns an SMSF auditor. Insurance policy..Read More >>

Written by DEANNE FIRTH The transitional provisions for collectibles will end in less than six months. What are some of the traps and what needs consideration regarding the new legislation?..Read More >>

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