Event Based Reporting Mistakes Lead To More Smsf Audits

Event-based reporting mistakes lead to more SMSF audits - Tax Accountants Bankstown

In the year since event-based reporting (EBR) started for SMSFs (from 1 July 2018) the ATO says an unprecedented number of transfer balance cap reports have required re-reporting.

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Carrying Forward Concessional Super Contributions

Carrying forward concessional super contributions - Tax Accountants Werribee

The income year of 2019-20 has just ticked over, which is also the first year in which an individual is able to make additional catch-up contributions to super through the application of unused concessional (before tax) contributions.

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Smsf Trustee With The Travel Bug

SMSF trustee with the travel bug? How to keep your fund compliant - Tax Accountants Warwick

Are you the trustee of an SMSF but also a travel aficionado? Nothing wrong with that; however, trustees need to be aware that there can be negative consequences if you are out of the country for too long.

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Is An Smsf Right For You2

Is an SMSF right for you? - Tax Accountants Upper Mount Gravatt

Do-it-yourself superannuation, in one form or another, has been around for about 30 years. But it has only been over the last few years that SMSFs have made an indelible mark on Australia's retirement savings landscape.

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Super downsizer scheme essentials - Tax Accountants Sydney CBD

Under the superannuation downsizer scheme, people aged 65 and older can make a non-concessional (post-tax) contribution of up to $300,000 from the proceeds of selling what was once their family home. Downsizing enables more effective use of housing stock, and existing contribution caps and restrictions will not apply to the downsizer contribution. The scheme applies from 1 July 2018.

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Controversial Super Change Scrapped

Controversial super change scrapped — but other proposals need to be watched - Tax Accountants St Albans

At the time of writing, the new Parliament released the first batch of proposed changes to the superannuation regime, and among these was the announcement that the proposed $500,000 lifetime non-concessional cap is to be scrapped. Recall that these measures were previously announced in the Federal Budget earlier this year before the election.

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