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ATO Updates (December 2024)

Date: December 5, 2024
Categories: Monthly Update
Some SMSFs will need to lodge their SMSF Annual Return (SAR) by 28 February 2025. Check to see if you need to lodge.You may need to lodge your SMSF Annual Return (SAR) by 28 February 2025.Failing to lodge your SAR on time can result in the compliance status of your SMSF on Super Fund being changed t ...
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Australia’s Transparency Reporting Legislation: A Major Step Towards Tax Fairness

Date: December 3, 2024
Categories: Business Service
Australia is introducing pioneering transparency reporting legislation aimed at enhancing corporate accountability and promoting tax fairness. This move is part of the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 and targets multinational corporations with sig ...
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The APES 110 Code: What SMSF Auditors Need to Know

Date: December 3, 2024
Categories: Superannuation
Understanding SMSF Auditing Independence: A Guide to the APES 110 Code of Ethics and Independence Requirements Self-Managed Super Funds (SMSFs) have become a popular choice among Australians seeking more control over their retirement savings. While managing an SMSF provides individuals with ...
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Understanding Australian Real Estate Investment Trusts (REITs)  

Date: December 3, 2024
Categories: Financial Planning
Australian Real Estate Investment Trusts (REITs) present a favoured avenue for individuals seeking to invest in real estate without the necessity of directly owning physical properties. Below is a comprehensive overview of the benefits and risks associated with investing in Australian REITs:  B ...
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