New ATO data indicates that there are currently over 138,000 lapsed lodgers with one or more outstanding SMSF returns. Recent ATO data provided to Accountants Daily s sister brand, SMSF Adviser, indic
New ATO data indicates that there are currently over 138,000 lapsed lodgers with one or more outstanding SMSF returns. Recent ATO data provided to SMSF Adviser, indicates that just over 80 per cent of
The ATO is set to extend its transitional compliance approach in PCG 2020/5 for non-arm’s length expenditure of a general nature for an additional year. In an online update on its advice and guidan
Political support to wind back penalties under non-arm’s length expenditure rulings sees the ATO extend transitional compliance. Compliance resources will not be targeted at SMSFs involved in non-a
The ATO has reminded SMSFs that their 2020-21 SMSF annual return should now be lodged unless they have received an extension. In an online update, the ATO stated that SMSFs should be up to date with a