The SMSF Accountant

22/07/2024

Question: Why am I paying more tax on my super contributions? Division 293 tax assessments explained in simple terms by The SMSF Accountant. Call Diana 1300 659 589 for personal service.

19/07/2024

Proposed brand new SMSF tax from FY 2025-2026? Do you know what's being proposed? Will it be good or bad for the SMSF? The SMSF Accountant explains in this article:
https://bit.ly/4cWGTj9

The government has recently proposed a brand new tax for superannuation funds in Australia with a projected start date for the 2025/2026 financial year. Whilst this may be bad news for some, it is not bad news for everyone. It is worth remembering that as of the date of this article, these changes a...

16/07/2024

Heard about the 'carry forward rule' for superannuation? It's a useful strategy for maximising concessional contributions. In simple terms, learn more about how it works:

https://bit.ly/465q7fM

12/07/2024

Q: What is the 'bring forward rule' and how can it benefit your superannuation fund? The SMSF Accountant explains bring-forward non-concessional contributions, see this article:

https://bit.ly/3XY6aoU

08/01/2024

The quarterly transfer balance account report (TBAR) for self-managed super funds (SMSFs) is due on 28 January 2024. You are required to lodge your by this date if a transfer balance account (TBA) event occurred in your member’s SMSF between 1 October and 31 December 2023.

If you have quarterly lodgment obligations, your TBAR will be due 28 January.

20/12/2023

The total estimated assets of SMSFs are $884.6 billion according to the September 2023 quarterly statistical report. The top two asset types held by SMSFs (by value) are listed shares (28% of total estimated SMSF assets) and cash and term deposits (17%).

18/12/2023

In the September 2023 quarter, the disqualified 223 SMSF trustees who persistently failed to comply with their obligations and/or seriously breached superannuation laws. At risk? The can help with - call 1300 659 589.

14/12/2023

The SMSF quarterly statistical report for September 2023 reveals that there are 1,142,957 members of SMSFs - 53% are male and 47% are female.

12/12/2023

You need to appoint an SMSF auditor to audit your fund no later than 45 days before you need to lodge your SMSF annual return. Need help with SMSF administration, taxation, and other compliance? Ask The on 1300 659 589.

27/11/2023

Lodge and pay the SGC statement – quarterly form for quarter 1, 2023–24 (1 July – 30 September 2023) by 28 November 2023 if required contributions were not made by the due date. Need help? Ask The SMSF Accountant.