Obligations of trustees to report fund activities to the ATO What is the annual audit requirement for SMSFs and what is the role of the auditor?

Feb 18, 2022 ... Key Takeaways · Division 40 allows SMSF trustees to claim depreciation deductions for the decline in value of qualifying plant and equipment ... Nov 9, 2022 ... SMSFs do not have SPIN Numbers (as there is no need). Also no SMSF trustee would wish to pay the fees necessary to participate in the SPIN ... Australia Post acknowledges the Traditional Custodians of the land on which we operate, live and gather as a team. Self managed super funds operate under similar rules and restrictions as ordinary super funds. They have their own Tax File Number, Australian Business Number ... The benefits of a SMSF include: Investment choice, SMSFs offer a wider range of investment options compared to other superannuation funds. Nov 19, 2024 ... Pros and Cons of Limited Recourse Borrowing. The Benefits of limited recourse borrowing include asset diversification, the ability for an ... What is an SMSF messaging service provider? SMSF messaging service providers will provide you with an electronic service address that can be provided to your ... Capital gains are only to be taxed at 10%. The investment income will be 100% tax free once your SMSF is in pension phase.Low cost: the costs of running your ... YouTube Channel - Latest Videos. SMSF Master Gardeners. 429 subscribers. Tips for Growing Vegetables in Your Garden Soil. SMSF Master Gardeners. Search. 1/5. Aug 23, 2024 ... Estate planning allows you to put a succession plan in place for your SMSF trustees, so the super fund can continue to be managed according to ...