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 | Jul 30, 2020 | Blog
The benefits of investing in an SMSF allows members to have control over investments and have the choice of investing in many areas such as direct property, listed shares, managed funds, private investments and unique/unusual investments. The super fund holds these...
by Audit Your Superfund | Jan 17, 2020 | Blog
Think back, when was your trust deed last updated? A deed should not be a document filed away and never looked at again. A trust deed is an essential legal document that sets out what trustees need to do to comply with the Superannuation Industry (Supervision) Act....
by Audit Your Superfund | Nov 6, 2019 | Blog
In the first half of the 2018/2019 financial year, the ATO referred 37 self-managed super funds auditors to ASIC for independence breaches. This operation was part of the ATO crackdown aimed at reviewing SMSF auditors in an attempt to unearth an intentional failure to...