An amnesty scheme which ended earlier this month has caused around 24,000 businesses to admit to underpayment of their worker’s... Read More
The ATO reported that 45% of working Australians were not aware that they had multiple super accounts in 2016. Having... Read More
Self-managed super fund (SMSF) trustees are required to appoint an ATO-approved SMSF auditor no later than 45 days before lodging... Read More
Using SMSFs to buy property has become increasingly popular among Australians in recent years, particularly since it became possible for... Read More
Business owners might be required to select a default fund for employees when they do not want to nominate their... Read More
Self-managed super funds (SMSF) can be vulnerable to disputes, especially when family members are involved. SMSF disputes may be caused... Read More
Early access to your superannuation is permitted under a few limited circumstances outlined by the ATO. In the case that... Read More
Individuals may be able to claim tax deductions for personal superannuation contributions they make. Personal super contributions are made after-tax,... Read More
A super death benefit is the super paid after a person’s death, usually to a nominated beneficiary. These benefits are... Read More
Self-managed super funds (SMSF) may be required to lodge a transfer balance account (TBA) report by 28 July 2020 in... Read More