SMSF Asset Valuations: Trustee Responsibility and Auditor Oversight
Who’s responsible for valuing SMSF assets and what does your auditor actually check? Here’s what trustees need to know.
$20k Instant Asset Write-Off Extended to 30 June for Small Business
The Government recently passed legislation to extend the $20,000 instant asset write-off for small businesses by 12 months to 30 June 2026.
SMSF crypto audits face tougher rules
For trustees, crypto investing through SMSFs is entering a much more regulated environment where audit-ready documentation will be essential.
Why Market Valuations Matter for SMSFs
Accurate market valuations are essential for SMSF compliance. Learn how to meet ATO valuation requirements, avoid regulation breaches and ensure your fund’s assets are correctly reported each year.
Getting Rental Property Repairs Right at Tax Time
Taxpayers who have had work done on their rental property should ensure the expense is categorised correctly to avoid errors when completing their tax return.
Auditing the valuation of SMSF assets
SMSF Trustees and auditors are still relying on outdated practices and risk breaches, penalties and compliance action.
Protect your business with the PPSR
Protect your business assets with the PPSR. Learn how to secure goods, claim GST credits and reduce financial risk when selling, leasing or consigning property.
Claim Instant Deductions with the $20,000 Asset Write-Off in 2024/25
Eligible small businesses can instantly deduct assets costing less than $20,000 in 2024/25. Find out who qualifies, what assets are included, and how to claim under the ATO’s instant asset write-off.
Tax Office clarifies Division 7A position
The ATO has clarified five common myths about Division 7A tax legislation.
When to lodge SMSF annual returns
All trustees of SMSFs with assets as at 30 June 2024 need to lodge an SMSF annual return (‘SAR’) for the 2023/24 financial year.
