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ATO issues warning to late-lodging SMSFs

SMSF annual returns for 2020-21 have to be filed with the Tax Office unless the fund has received an extension.

New detection strategy uncovers increased SAN misuse

The ATO has linked over 400 tax agents to multiple instances of SMSF auditor number misuse in its latest mailout. In an online update, the ATO explained that a new strategy adopted with its mailout fo

ATO flags concerning findings in SMSF research

The majority of SMSF trustees are relying too heavily on SMSF professionals to fulfil their trustee compliance responsibilities, according to new research. The ATO recently commissioned an independe

ATO flags concerning findings in SMSF research

Most SMSF trustees are relying too heavily on tax professionals to fulfil their trustee compliance responsibilities. Self-managed super fund trustees vary widely in the understanding of their role w

SMSFs warned on dangers of waiting for NALE changes

With the timeline and outcome of the government s consultation on non-arm s length expenditure issues uncertain, SMSF professionals have been warned against relying on any potential changes.   Last

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