Reducing audit queries for investment strategies

The ATO requires that every SMSF client must prepare and implement a strategy for their investments and review it regularly. Regular review is essential to not only ensure compliance with the law, but also to make sure that the members’ retirement goals are on...

June contributions – getting the timing right

With 30 June approaching, now is the time to ensure your clients are getting the best outcome from their super contributions. It’s vital to ensure contributions are received before the end of June. For Individuals For SMSFs, contributions need to hit the fund’s bank...

Buying commercial property from a related party

“My client’s Self-Managed Superannuation Fund (SMSF) is buying a commercial property. What will I need to provide for the audit?” When an SMSF buys a commercial property, certain documents and evidence need to be provided for the audit. The specifics depend on whether...

What to Look for When Engaging an SMSF Auditor

The recent changes to SMSF auditor independence standards will likely result in tens of thousands of funds moving to different auditors in the next year or so. If you and your clients are in the position of moving to a different SMSF auditor, how can you select one...
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