About Author

David Saul

As a long-standing member of the Self-Managed Super Fund Association of Australia Limited (formerly known as SPAA), the peak body for SMSF professionals, David was one of the first in Australia to achieve the SMSF Specialist Advisor™ accreditation from the SMSF Association (formerly known as SPAA).

Author Posts

Reliable audits… what does that really mean?

Recently we sent you an email on the importance of using a quality auditor to give your Practice an extra pair of eyes, as well as proven processes and...

Key SMSF Audit Issues for 2017

A. Market Valuations

  • Need to ensure SMSF assets are recorded at Market Values
  • Cannot rely on council rates and trustee minutes “declaring value”
  • Market values need to be supported by appropriate evidence

B....

Is your head in the SMSF Reform game?

Do you have your head around what your clients – and your firm – needs to do leading up to the Super Reforms?...

The SMSF Skeleton in the Closet

We are just through the end of the 2016 financial year! We have had the longest and most uninspiring Federal Election thrust upon us, with both major parties rattling placards...

The importance of quality SMSF administration services

Having an SMSF is not a novelty and many trustees are increasingly facing retirement, estate planning decisions and ultimately payment of death benefits.

These decisions can be significantly affected by...

SMSF Audits, are you getting only half the job?

There are two key aspects to a SMSF Audit, the financial component and the compliance component.

The financial component is usually administered and audited well.  In part this is because...

The Good, The Bad and the Ugly (SMSFs, Audit and Bitcoin)

It has been asked, how and if, developments in Bitcoin will affect self-managed super funds?  Advocates of Bitcoin speak of it becoming a “universal currency” or a “barter system...

SMSF and Property

Getting real on property investment

Recently I wrote an article entitled “Batten Down the Hatches” about how to prepare your fund for the repercussions of any likely Government moves against...

Batten Down the Hatches

There is no doubt the SMSF environment is changing rapidly. Daily – I see new SMSF trends in collaboration, integration, data validation, valuations, data automation and unusual investments. These...

The Real Benefits of SMSF Audit Independence

In recent years – the smsf environment has taken enormous strides forward. These include all aspects, such as administration, strategies, technology and YES the audit. However I am still...

Trouble for SMSF Trustees

Recently an article appeared in SMSF Adviser (by Miranda Brownlee on 12 May 2015) titled “ATO honing in on misuse of auditor numbers”. In that article the ATO Director...

Why Establish a SMSF, is it only for tax benefits?

The other day, in response to a blog of mine, I received an email from an accountant; he said I think the sole purpose of a SMSF is to...

SMSF and the Sole Purpose Test

Any SMSF needs to meet the Sole Purpose Test to be eligible for the tax concessions normally available to super funds. Given the very close association between trustees and/or...

Don’t Blame The People In Large SMSFs

I was interested to see Duncan Hughes’ article in the Weekend Australian Financial Review. Duncan spoke of “Mega SMSFs” and the issue of property and borrowings in funds.

First “Mega...

Three Powerful Days at the SMSF Association (formerly SPAA) Conference February 2015

After three days in Melbourne with a focus on SMSF, listening to industry speakers and the ATO, here is some of what I have noted.

It’s going to get tougher 

Previously,...

SMSF, Protecting Clients and Staying Under the ATO Radar – Part I

I have been asked, if you had a general accounting practice and clients with SMSF (for whom you did the administration) what special work would you do for them? ...

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