Next 5,000: avoid common CGT errors
Our engagement with Next 5,000 privately owned and wealthy groups reveals a range of common capital gains tax (CGT) mistakes. These are usually the result of the mischaracterisation of information…
Lawyers in our compliance spotlight
We expect everyone to meet their tax obligations, but our recent work with the legal profession has revealed some lawyers are failing to lodge returns, are making errors, or not…
Keep authorisations and permissions up to date
Relationship Authorisation ManagerExternal Link (RAM) enables authorised people to transact with government online services on behalf of your fund. This includes access to Online services for business and Access Manager.…
Market valuation of assets and the role of auditors
Every year trustees must value the assets of their SMSF at market value when preparing financial statements and accounts. Our Valuation guidelines for self-managed super funds provides advice to trustees…
Updates to Auditor contravention report instructions
The Auditor contravention report (ACR) instructions have been updated to clarify key aspects of SMSF auditor obligations.The following updates have been made:Professional judgment: to clarify when auditors can exercise professional…
