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NEED TO KNOW

SMSF

Proposed amendments to the tax promoter penalty laws risk further thinning the line between tax advice and scheme promotion, the SMSF Association warns.

The SMSF Association has urged the government to take a whole-of-government approach to consider all current and pending regulatory reforms impacting tranche two entities.

The SMSF Association is urging the Senate to reject legislation that will inflict a higher tax rate on the earnings of superannuation balances exceeding $3 million after it passed without amendment in the lower house on Wed...

The Tax Office has announced 45 auditors of self-managed super funds were referred to ASIC during the 2023–24 financial year.

In recognition of the profession’s importance to the sector, the SMSF Association’s annual SMSF Audit Day is back, once again tackling the pressing challenges auditors face in today’s rapidly changing regulatory and leg...

Tax professionals are being hit with significant and cascading regulatory changes that are leaving them overwhelmed, the SMSF Association has warned the government.

The tribunal has upheld the Tax Office’s decision to disqualify a CPA with over 50 years’ experience after he continually breached super laws for his own gain.

The association wants to see the NALI rules applied to super funds in a measured and proportionate way.

The decision by the Senate Economics Legislation Committee to proceed with the bill without amendment will result in many unintended consequences, the SMSF Association has warned.

The Tax Office is seeing instances of funds reporting losses with crypto investments due to scams and collapsed trading platforms.

Illegal early release and prohibited loans remain top concerns for the Tax Office, particularly in the current economic environment.