40,000 SMSFs set for chopping block

40,000 SMSFs set for chopping block

With the advent of changes including events-based reporting and the introduction of a transfer balance cap, on-time lodgement has become an even bigger priority issue for the tax office in regulating the SMSF sector. It is always high on the ATO’s watchlist, despite...
Establishment exemption rife with pitfalls

Establishment exemption rife with pitfalls

Speaking at the National SMSF Conference 2017 last week, The Fold Legal solicitor director Jaime Lumsden Kelly said ASIC would “come knocking” if the regulator became aware of an unlicensed accountant establishing SMSFs without any further discussion with the client....