retirement

A successful SMSF wind up depends on having the right documents

When trustees have made the decision that an SMSF is no longer appropriate for their circumstances, it’s important to ensure the fund is wound up correctly. A successful SMSF wind up depends on having the right documents. Winding up an SMSF can be a complex process, with all the paperwork and administration involved. Having the

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Artworks and collectibles may not be correctly accounted for, says ATO

To properly assess artworks and collectibles owned by taxpayers, the ATO says it is working with insurance companies to identify the owners of these sorts of assets. Artworks and collectibles may not be correctly accounted for, says ATO The ATO says it has identified instances where “lifestyle assets” are not being properly accounted for. It

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