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

What happens when a SMSF member dies?

Dealing with the death of a SMSF member is inevitable and often a complicated process. It’s crucial that the situation is dealt with in a practical and professional manner....

Communicative Auditors Add Value

The value of a call from Saul

Recent court decisions highlight situations where the Auditor did not seek sufficient and appropriate evidence that the assets and liabilities of the fund...

As with most things, complex SMSFs cost more to run

No two SMSFs are the same, so what’s with low-cost, flat-fee bundling?

The ATO and ASIC have been monitoring the practices of Auditors and are closely watching bundled packages and...

Linked SMSF services and legal risk

Take a fresh look at the pros and cons of full service SMSF firms and alliances

It may appear to SMSF Trustees that having all services – accounting, auditing, administration...

Market Value – The tension between CGT and Total Super Balances

Following the introduction of mandatory market valuation reporting for SMSFs, the ATO issued “Valuation Guidelines for Self-Managed Super Funds”. According to the ATO, asset valuation is a key component...

SMSF and Litigation – Who’s to blame if something goes wrong?

Unfortunately, many things can go wrong with an SMSF and if something does go wrong where does the liability lie? Who might be pulled in to a lawsuit?

If the...

SMSF Industry Summary Report – Proposed 3 Year SMSF Audit Cycle

Saul SMSF recently conducted a survey to understand the impact of the Federal Government’s proposed three-yearly audit cycle for SMSFs.

260 survey respondents answered 30 questions and submitted over 1,700...

What’s your opinion on a 3 year SMSF audit cycle?

The 2018 Federal Budget proposed the SMSF audit cycle be extended to 3 years for funds with good compliance history, starting from 1 July 2019. Treasury has asked for...

Is your audit intelligence artificial?

Technology Automation vs Professional Judgement in SMSF auditing

Technology enables greater efficiency in SMSF auditing, which in turn gives time and cost savings. However, risks arise when artificial intelligence entirely...

3 Year Audit Cycle Misses the Point

The 2018 Federal Budget announcement proposed that the SMSF audit cycle be extended to three years for funds with good compliance history, starting from 1 July 2019. Is that...

Real property and real independence

How do you attribute value to real property? And is this value consistent for all purposes, such as both claiming CGT relief as well as accumulating towards Total Super...

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...

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