by David Saul | May 18, 2015 | Featured Articles, Financial Services, Latest News
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 of Superannuation – Mr Howard Dickinson said: “There has been a suspicious amount of activity where...
by David Saul | Apr 23, 2015 | Featured Articles, Financial Services, Latest News
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 minimize tax. There would not be SMSF’s, if there were no tax advantages”. That got me asking, what is the rationale for...
by David Saul | Apr 8, 2015 | Latest News
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 members – sometimes I get calls from worried accountants who administer SMSFs. The Sole...
by David Saul | Mar 23, 2015 | Latest News
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 SMSFs”, yes there are some funds with huge balances, but they have been built over...
by David Saul | Mar 3, 2015 | Financial Services, Latest News
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, I could not understand why the ATO had not followed up on some of the failures by professionals...
