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Misunderstanding Contribution Reporting
Each year we have a few instances where an SMSF member is informed, by their personal accountant, that they can't...
Significant Addition to Our Team
We are delighted to announce that Sarah Pressler has joined our expanding team of SMSF professionals as Head of...
Foolish NALE Error
There has been no shortage of comment regarding non-arm's length general fund expenses that taint the whole SMSF....
Lapsing, Non-Lapsing Binding Death Benefit Nominations
I recently reviewed an SMSF deed for a fund containing a non-lapsing binding death benefit nomination for a member. At...
The Exception to the SMSF Paradox
Last week I mentioned the ability of a fund to acquire a part of an asset, but not continue to hold or increase its...
SMSF Related Party Asset Acquisition Paradox
Generally, an SMSF can only acquire unlisted shares in a company from a member or associate if the company is related....
Who’s a Related Party?
The SIS Act pays special attention to the inherent conflict of interest that exists in all SMSFs due to the trustees...
Insurance Premium or Rollover?
I recently touched on the statutory deductibility of insurance premiums paid from an SMSF but sometimes things are not...
Avoid Sloppy SMSF Estate Planning
A couple of days ago a friend of mine told me his client had just died leaving a sizable estate, gifted to the...
The Nuances of SMSF Life Insurance
A common misconception is that life insurance premiums must be paid from a member's accumulation account for the fund...
Using SMSFs to Hide Personal Income
Occasionally we encounter situations where a member has arranged for their SMSF to receive shares or options in lieu...
Check Your SMSF Related Party Loan Terms
The safe harbour provision interest rate to be charged to SMSFs with related party loans has increased by a whopping...
How Material is NALE?
There has been significant comment on the government’s proposed treatment of general non-arm’s expenditure in SMSFs...
How NOT to Use ChatGPT
A lot has been written on the business process possibilities of using ChatGPT so it's likely that you may be...
ATO Scheme Crackdown
SMSFs provide significant investment flexibility but are subjected to restrictions surrounding related party dealings...
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