SMSF MATTERS: An equal investment of money and effort

One of the benefits of establishing or opting for a SMSF is the control given over where the money is invested. It also comes with specific administrative responsibilities to keep you and your fund compliant and protected. A SMSF undoubtedly requires an ‘attention to detail’ approach. It is important to create and follow an [...]

2022-05-31T15:59:32+10:00May 5th, 2022|SMSF|

TAX MATTERS: A re-address of family trust distributions

The ATO has released draft guidance on family trust distributions, where they perceive a tax benefit arises under a ‘reimbursement arrangement’. Essentially, the documentation sets out ATO’s ‘preliminary but considered’ views where they perceive a tax benefit arises under a ‘reimbursement arrangement’. If the guidance becomes the new approach, it will greatly impact how [...]

2022-05-31T16:03:07+10:00May 5th, 2022|Tax Insights|

Being a SMSF Trustee: Greater control comes greater responsibility

Involvement in an SMSF can put certain responsibilities in their trustees hands, and those who overlook important details or find themselves reported to the ATO for failing to fulfil those responsibilities may risk incurring financial, civil or criminal penalties. As SMSFs often involve multiple members, the risk of non-compliance grows. You might [...]

2022-05-31T16:06:53+10:00February 11th, 2022|Business Update|

INSIGHTS: SMSF Matters October 2021

The latest superannuation & SMSF news, updates and insights from Hall Chadwick. In this edition of SMSF Insights we cover: 1 Preparing your director ID 2 SMSF numbers, members and balances continues to rise 3 Update to SMSF residency rules 4 It looks like a duck, quacks like a duck, but it… [...]

2021-10-22T10:04:03+11:00October 21st, 2021|SMSF, Superannuation|
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