Category: SMSF
What Should Be The Self-Managed Superannuation Fund (SMSF) Investment Strategies?
The investment strategy for the SMSF is the key to make, control, and manage assets that are being consistent with the investment objectives of the SM...
Do You Know About Your SMSF Contributions?
When the taxpayer is an SMSF trustee, he/she could accept contributions for the members which is acquired from various sources. However, not everythin...
Sole Purpose Test: Tax Conditions for Eligibility
Every SMSF has to necessarily meet the sole purpose test to get eligible for tax concessions which are normally available to the super funds. This mea...
Must-Know Things While set-up Self-Managed Super Funds(SMSF)
Looking for an SMSF set-up? Then, the trustees must be well aware of the investment decisions of the funds along with the super and taxation regulati...
Unleash the First Home Super Saver Scheme (FHSS)
Unleash the First Home Super Saver Scheme (FHSS) The First Home Super Saver (FHSS) Scheme was proposed in 2017 Federal Budget for the first time and w...
What are the Unseen Benefits of FHSS Scheme?
Prior to the launching of the FHSS Scheme, there were no major benefits available for the first-time home-buyers. So let us dig more into the further ...
What Are the Release Options of FHSS?
With the ever-changing scenario of Australian accounting requirements and regulations, it is tough to keep an updated for the same. Let us have a furt...
Getting an Update About Limited Recourse Borrowing Arrangement
Limited Recourse Borrowing Arrangement (LRBA): An provision for the SMSF Trustee borrowing a loan from a third-party lender. This arrangement is usefu...
Have You Heard About Transfer Balance Account Report Reporting?
For SMSFs, one new event-based reporting (EBR) framework has commenced since July 1, 2018. This reporting helps the ATO to administer the Transfer Bal...
ATO Stricter in Late Lodgements
The late lodgements of SMSF have been a key focus in compliance for quite some time. While ATO addressed this concern, they have ramped up their appro...