The Costly Mistake SMSF Trustees Are Making – And How to Avoid it.

The Costly Mistake SMSF Trustees Are Making – And How to Avoid it.

It goes without saying that assets held by a Self-Managed Superannuation Fund need to be correctly valued and insured, but too many Trustees are not aware that failing to have an insurance policy over an asset held by the SMSF could cost them dearly in the case of an...

Tax effect accounting and SMSFs

Trustees of self-managed superannuation funds (SMSFs) are required to prepare financial statements in accordance with the accounting policies as per the requirements of the SIS Act 1993 and SIS Regulations 1994. There is no requirement for a superannuation fund to...