by Team Garnet | Jan 25, 2024 | ATO, Superannuation
ATO is continuing to target illegal early release of super in 2024. Find out about the tools and strategies they are using this year. As a new calendar year commences, the ATO’s priorities in the SMSF sector remain consistent. As with previous years, the greatest area...
by Team Garnet | Aug 10, 2023 | ATO, Superannuation
The ATO has warned taxpayers against entering into an SMSF scheme which purports to allow individuals to purchase property using money from their superannuation. With the never-ending increase in Australian house prices, many desperate home buyers are often turning to...
by Team Garnet | Jun 7, 2023 | ATO, Superannuation
Trustees of SMSFs have been provided with some insights on the risks ATO will be focusing on in the SMSF space for 2023. In a recent speech, Justin Micale, ATO Assistant Commissioner of Self Managed Super Funds Risk and Strategy area outlined the risks on ATO’s radar...
by Team Garnet | Aug 17, 2022 | Assistance, Superannuation
SMSF COVID relief measures available for the 2019-20, 2020-21 and 2021-22 income years have ceased from 1 July 2022. What does this mean for your SMSF? Trustees of SMSFs should be aware that COVID relief measures that were previously in place have now ended. The...
by Team Garnet | Jul 8, 2022 | Superannuation
Transfer balance account reporting (TBAR) for SMSF will soon be streamlined after community consultation. In good news for trustees of SMSFs and after much community consultation, transfer balance account event-based reporting (TBAR) will soon be streamlined for...
