Blog
Work Test over 65 years (including managing investment property)
If you are aged 65 or over (but under the age of 75) you can make voluntary super contributions providing you have been gainfully...
read more
Don’t risk a cheap or substandard audit
Recently, an Australian court ruled that the auditor of a self-managed super fund (SMSF) was liable for a client’s investment losses because...
read more
ATO expecting Contribution errors in 2017/2018 Superannuation Funds Annual Return
Careful planning needs to be thought about to ensure members do not exceed their contribution caps. Some clients who have...
read more
Finalist in Accountants Daily Australian Accounting Awards 2018
Ben Willington from Audit your Superfund has been shortlisted as a finalist to win Superannuation Auditor of the Year at the 2018...
read more
The changing face of Australia’s super savers
How many of your clients are female SMSF trustees born after 1976? If ATO statistics are anything to go by the answer is probably...
read more
3 SMSF compliance points the ATO will focus on in 2018
Following the July 1 super changes, the ATO will be paying particular attention to certain areas of compliance. When advising your...
read more
Understanding the demographics for SMSF trustees
Picture a typical SMSF trustee. Who do you see? Everybody has their own idea of the typical Australian who wants to manage their own wealth...
read more
Audit your Superfund wins twice at the SMSF and Accounting Awards
Audit your Superfund is proud to take home two prizes from this year's inaugural SMSF and Accounting Awards. On October...
read more
When can an SMSF lend to a member?
If you're not monitoring your SMSF compliance, you may find yourself liable for a number of contraventions. Loans to...
read more
Audit your Superfund and Ben Willington shortlisted for two prestigious industry awards
We are extremely please to announce that Audit your Superfund has been shortlisted as a finalist (SA SMSF Audit Firm of the Year) for...
read more
Tips for when trustees want to wind up an SMSF
Why wind up an SMSF? Most of the time, because it's no longer necessary. Trustees may have passed on, or there may no...
read more
SMSF myths Australians need to be aware of
Complacency can lead to contravention. When trustees enlist your services to assist with a self-managed super fund or just...
read more
A guide to buying property with an SMSF
Property just won't stop. CoreLogic's monthly indices to end of May 2017 show that across Sydney, Melbourne, Adelaide, Brisbane...
read more
Dealing with the pension phase transfer balance cap
Your trustees will know about the SMSF transfer balance cap by now - but what can they do about it? As of July 1st 2017, funds in retirement...
read more
Have your SMSFs breached the arms-length rule?
Ensuring SMSF compliance at all times is quite the job. For financial advisers and accountants, it means close scrutiny of the...
read more
SMSF Auditing and Property Valuations: How does it work?
Property valuations are often a contentious issue for SMSF auditors. The auditor has a responsibility to confirm the assets of the fund are...
read more
How will the upcoming changes to superannuation affect trustees of SMSFs?
Some trustees may be questioning if superannuation is the best place to hold their retirement nest egg. Whilst some of the tax benefits...
read more
There are more SMSFs in Australia than pet reptiles (and other facts)
Look, we know talking about self-managed super funds in a relatable way is hard. The ATO tried it once - they wrote an entire BuzzFeed...
read more
Independence is the foundation of a good SMSF audit
In recent years, both the ATO and ASIC have shone the spotlight on the independence of SMSF auditors in Australia. This scrutiny of SMSF...
read more
What happens when an SMSF isn’t compliant?
As SMSF auditors, we review thousands of funds every year, many will be compliant. However, there are always some that don't meet...
read more
Don’t open that wine – it might breach SMSF compliance
It might be a Mona Lisa, or it might be a case of Grange. As of the 1st of July 2016 the transitional provisions for collectable and personal use...
read more
2nd Annual Superannuation Essentials Conference
Ben Willington speaking at the 2nd Annual Superannuation Essentials Conference for legalwise seminars, The attendees were...
read more
An excellent superannuation update in Adelaide
Our Adelaide clients recently attended a SMSF technical breakfast presented by Tim Miller from Miller Super Solutions. We received...
read more
2016 Budget Notes
Tuesday May 3rd will not be looked upon fondly by many retirees, given the restriction on tax concessions for those with balances over...
read more
Superannuation – access to benefits “Severe financial hardship”
There are restrictions to accessing superannuation benefits prior to reaching age 65.In some cases limited cashing restrictions are...
read more
Congratulations!
Congratulations to James Song our audit supervisor on obtaining the SMSF Specialist Auditor designation from the SMSF Association. Well done James!
How to have a good SMSF audit Part 1
We have detailed below documents required to have an efficient and quick audit. Initial fund engagement An auditor needs to review the...
read more
End of financial year tips for SMSF trustees
As the end of the financial year looms, now is a good time to review your Self-Managed Superannuation Fund (SMSF). Take the time now...
read moreGet in touch
If you want to talk SMSF audits,
please contact us.