Category Archive for "Financial Planners"

Wrap Platforms and the Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016

February 5, 2017
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Background Single line item reporting of wrap platforms in SMSF accounts is a widespread accounting industry practice.  This method of reporting entails the consolidation of all investments held on a wrap platform into a single line item on the Statement…

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SMSFs & Dividend Stripping Schemes – TA 2015/1

September 29, 2016
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In early 2015, the ATO raised concerns regarding certain private company investments made by Self Managed Superannuation Funds (SMSFs) via Taxpayer Alert 2015/1.  This taxpayer alert describes arrangements whereby an SMSF intentionally invests in a private company with large accumulated…

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Do you need expert SMSF advice?

Business Real Property Fit-outs ~ where to draw the line

A strategy which is widely employed by self managed super funds is for the fund to acquire business real property and to then lease it back to a related party business.  Often part of this process will involve the fund…

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The Rise of the Semi-Related Investment Trust

July 11, 2016
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Whilst reviewing several thousand SMSFs ever year it is common for our auditing team to see trends in both investments and superannuation strategies.  One such trend that has been available since the inception of ‘DIY funds’ but seems to have…

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ATO false non-compliance notices

March 31, 2016
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It has come to our attention that a system error within the ATO is causing the status of many SMSF’s to be changed to be “non-complying” on Superfund Lookup. This as you can imagine, has caused a great deal of…

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A twist to the LRBA tale

A twist to the LRBA tale

September 1, 2015
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When is a borrowing not a borrowing? According to SMSFR 2009/2 the answer is when it is merely a “financial accommodation”. I know it sounds like a bad joke that a bunch of lawyers might chuckle over after having had…

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Tips for staying on top of SMSF clients

Tips for staying on top of SMSF clients

August 4, 2015
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We look at three ways accountants and financial planners can improve the services they provide by staying on top of their SMSF clients’ needs.

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SMSF related party leases and a tenant fit-out

August 4, 2015
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A great advantage of an SMSF investing in business real property is that the trustee is able to lease the property to a member or a related party tenant.  This article explores some advanced topics regarding related party tenants and…

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It's important to be aware of what's in store for super.

What superannuation changes are on the horizon?

July 8, 2015
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While plenty of potential changes to super are being discussed, trustees should remember that super is still the most tax-effective option for their money.

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Here are a few ideas for holding on to your SMSF clients.

How financial advisers and accountants can retain SMSF clients

June 30, 2015
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If accountants and financial planners want to hang on to their SMSF clients, they’ll have to differentiate themselves from the pack.

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