superannuation

Key issues for SMSFs still in need of clarification

Among the superannuation reforms that many SMSF members are still coming to terms with is the introduction of a concept of “total superannuation balance”. On the surface, an individual may simply think that it is the sum of balances of their superannuation interests. However, this is not the case. Commissioner’s guidance on this matter includes

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The superannuation clearing house service to join other ATO online services

The Small Business Superannuation Clearing House will join existing ATO online services in mid-to-late February 2018. The ATO says its online services gives access to a range of tax and super services with one logon, including lodging activity statements and updating your business registration details. The current super clearing house service will still be available

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Events based reporting: What does it mean for SMSF trustees?

The first signs of disquiet in the SMSF sector started not too far into the current income year when confirmation signs started to emerge that the ATO, for the purpose of the then recently introduced transfer balance cap, would soon require SMSF trustees to report certain events on a real-time basis. It is understood that

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SMSF audit offer for TSA members

Tax & Super Australia (TSA) has come to an arrangement with audit service provider Assured Super on behalf of TSA members. The resulting member-exclusive offer provides an audit package that will take care of the required annual financial and compliance audit by a third party. The inclusive and competitive audit package is offered for a

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