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SMSF Technical

Here we add some technical aspects around the auditing function for SMSF’s. 1.The Accounting and Auditing function should be segregated. This means the accountant can’t act as the auditor as well. 2. Auditing standards on SMSF GS009 Guidance Statement 009 was released in August 2011.…

Selecting an SMSF Service Provider

All SMSF holders will need to decide who will provide the administration and audit services to their SMSF. Although an SMSF is regarding as a DIY (do it yourself) super fund, there are some functions of the fund that you simply cannot do yourself and…

2012 Survey

A SMSF.net.au 2012 audit survey showed that approximately one in three non-pension paying SMSFs held insurance in respect of the fund’s members. This represents a small increase over the previous year. Insurance cover falls into one of four groups: • Life • Total and Permanent Disability…

Self Managed Super for Tradespeople

We all know that the SMSF industry is booming in Australia, and one of the growing users of self managed super are tradespeople. One of the major reasons for people switching to an SMSF is due to the ability to invest in direct property, which…