Can you be your own accountant for your SMSF?
If you’ve got time on your hands and a good grasp of the super rules, then doing some of your own SMSF accounting tasks may be worth considering.
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If you’ve got time on your hands and a good grasp of the super rules, then doing some of your own SMSF accounting tasks may be worth considering.
There are strict rules governing paid work you can and can’t do for your SMSF. Getting it wrong can be costly.
If you have a self-managed super fund (SMSF) with a corporate trustee, then you need to be aware of the new requirement to apply for and obtain a Director Identification Number (Director ID).
Before you set out on your SMSF journey, you will need a road map known as a trust deed.
When planning who gets what when you die, many people forget about their SMSF. It’s not just about the distribution of fund assets, but who’s in control.
If you’re prepared to do a lot of the grunt work yourself, running your own super fund need not be costly.
As the October deadline looms, SMSFs need to ensure they are ready and able to take rollovers via SuperStream.
An SMSF trustee declaration is an Australian Taxation Office (ATO) document that summarises the duties and obligations of an SMSF trustee or director.
There’s debate in the SMSF sector as industry stalwarts question figures published by ASIC that suggest it costs $13,900 a year to run a DIY fund.
Single touch payroll (STP) reporting is a streamlined way for employers to provide the Australian Taxation Office (ATO) with payroll information, that is, pay as you go (PAYG) withholding and superannuation guarantee information.
A recent court case, known as the Narumon case, demonstrates how important it is for self-managed super fund (SMSF) trustees to ensure their documentation is up-to-date, and that binding death benefit nominations are valid.
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