SMSF Audit Checklist
Permanent Documents 1. Trust deed 2. Signed ATO Trustee declarations (if the fund was established post June 2007) 3. Change of trustee (if any) 4. LRBA deed (if any) 5. Pension start documents (if any) Prior Year documents (only required for the first time we do the audit) 1. Signed annual return2. Signed audit […]
Rent Relief in SMSF – The Simple Guide
What is Rent Relief? Rent relief is a temporary measure introduced by the Australian government to assist tenants meet their rental payment obligations if they have suffered financially due to COVID-19 pandemic. The Relief measure covers 2020 and 2021 financial years. The rent relief has been extended to tenants (both related and unrelated parties) of […]
6 Member SMSFs are around the corner
Treasury Laws Amendment (Self-Managed Superannuation Funds) Bill 2020 was introduced into the Senate on 2 September 2020. This Bill will amend the SIS Act, the Corporations Act, ITAA 1997 and Superannuation (Unclaimed Money and Lost Members) Act 1999 to increase the maximum number of members in SMSFs from four to six members. When will it […]