ATO compels SMSF auditors to cooperate

ATO compels SMSF auditors to cooperate

The tax office has emphasised it is focusing on audit quality from approved auditors of self-managed superannuation funds (SMSF) and to achieve this has stressed the importance of having the auditors cooperate with the regulator. In its latest SMSF newsletter, the...
ATO to rectify LRBA in-house asset glitch

ATO to rectify LRBA in-house asset glitch

The problem of SMSFs falling foul of the in-house asset rules upon settlement of an LRBA is soon to be resolved. The Australian Taxation Office (ATO) is working towards addressing any in-house asset concerns regarding self-managed superannuation funds (SMSF) in...