SMSFs are surrounded by various complex and ever-changing rules. The ATO is taking compliance of SMSFs very seriously and the rules are strictly enforced to ensure the retirement savings of over 1 million SMSF members are carefully managed. Sometimes though, mistakes can happen, and the ATO understands this and will generally work with trustees to ensure that they adhere to the rules. However, where there have been serious breaches, the ATO can enforce some costly penalties o

The Australian Taxation Office (ATO) has recently issued some guidance with respect to SMSFs transacting in cryptocurrencies.

I have been asked recently, ‘What are the advantages of a SMSF for me?’ The person posing the question had all the pre-cursors I look for when advising whether a SMSF is right for a client, and while everyone’s personal situation is different, I thought I would give you some insight into what a SMSF is and what the potential advantages are. So, what is a SMSF? Basically, a SMSF is a superannuation fund, where the trustees of the fund have control over the fund’s decisions,