As actually implemented in the amending legislation, in the case of SMSFs the requirement to send information electronically using SOAP messages...
Hi MassiveOni Being a control freak, I create my own financial statements for my SMSF, and make my own tax calculations and return, using Excel...
Hi RCS If you are referring to the fund deducting the costs involved in establishing itself from its earnings to reduce its first tax bill, sorry...
Just to correct and clarify this. When establishing the SMSF, it is the company (the corporate trustee) which applies to the ATO:- (a) to elect...
Some online stockbrokers' accounts require customers to charge or pledge the assets of the fund as security for the payment of any debt owed to...
There is no obligation for the self employed to make super contributions. As the partnership progresses however, it may have employees in which...
I agree with the comments and would like to add .. You often see ATO private rulings which are done in a hurry and simply wrong. When the error...
Bravo Cracka and nonrecourse, nice answers! Just a couple of other points which concern contributions into the SMSF. With respect to the family...
The bill has now passed and is now law. And it is retrospective.
This will soon be allowed. As mentioned previously this was an anomaly in the legislation, and it will soon be amended by the Tax Laws Amendment...
Hi hawkeye Unless you are under a legal disability (a child or unable to manage your own affairs) if you want to have your own SMSF, then you...
Hi binginbarrel I do not think this part of your question was answered. Most SMSF trust deeds provide an easy way to make an amendment. Have a...
Hi nonrecourse I'm afraid that the words you have quoted whilst strictly true, present a misleading picture. In so far as they imply in the...
Hi Franko Yes you can purchase income protection insurance, paying the premiums using money in your SMSF. It has to be permitted by the trust...
Separate names with a comma.