by Audit Your Superfund | May 3, 2017 | Blog
As SMSF auditors, we review thousands of funds every year, many will be compliant. However, there are always some that don’t meet what the law requires. This doesn’t mean trustees are deliberately flouting the law, nor does it mean the accountant or...
by Audit Your Superfund | Mar 7, 2017 | Blog
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 assets acquired prior to 1 July 2011 have now expired. This means that all trustees and self-managed super fund managers...
by Audit Your Superfund | May 4, 2016 | Blog
Tuesday May 3rd will not be looked upon fondly by many retirees, given the restriction on tax concessions for those with balances over $1.6 million and the cash rate cut affecting the income return on stable and conservative cash deposits held by many. Superannuation...
by Audit Your Superfund | Apr 4, 2016 | Blog
There are restrictions to accessing superannuation benefits prior to reaching age 65.In some cases limited cashing restrictions are available.In this article we will go the cashing restrictions of super for severe financial hardship. Under preservation age If a member...
by Audit Your Superfund | Feb 28, 2016 | Blog
We have detailed below documents required to have an efficient and quick audit. Initial fund engagement An auditor needs to review the funds permanent documents. This includes the following documents:- The original Trust Deed, and any amendments/upgrades to the...
by Audit Your Superfund | Aug 7, 2015 | Blog
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 to ensure your fund is in great shape and 30 June ready. • Valuation of investments: Ensure the assets in your fund have a current...
