by Audit Your Superfund | Jun 17, 2024 | Blog
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...
by Audit Your Superfund | May 31, 2024 | Blog
“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...
by Audit Your Superfund | May 2, 2024 | Blog
A common topic that comes up a lot in our SMSF audits has to do with discrepancies in investment strategies. The investment strategy of an SMSF is a written plan for making, holding, and realising assets consistent with the members’ objectives and retirement goals....
by Audit Your Superfund | Apr 3, 2024 | Blog
As we noted in a recent blog post on property valuations for SMSFs, properties have become increasingly popular investments for self-managed super funds in recent years. However, there are several risks to be aware of when a trustee invests in either residential or...
by Audit Your Superfund | Mar 6, 2024 | Blog
Many self-managed superfunds include real estate properties. As a result, issues surrounding these properties often come up in our SMSF audits, especially since the ATO is targeting this area more closely than in the past. Changes in ATO guidelines In recent years,...
by Audit Your Superfund | Sep 28, 2020 | Blog
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...
