ATO fires warning shot on trust distributions
The ATO has warned that it is looking closely at how trusts distribute income and to who. The way in…
Should you be the ‘Bank of mum and dad’?
The great wealth transfer from the baby boomer generation has begun and home ownership is the catalyst. The average price…
Do your kids really want to take over your business?
Generational succession – handing your business across to your kids or family – sounds simple enough but, many families end…
Accessing money in your SMSF
The ATO has made a call to professional accountants to help identify and manage illegal early access to superannuation by…
Company Money Crackdown
The ATO is cracking down on business owners who take money or use company resources for themselves. It’s common for…
Warning on SMSF asset valuations
The ATO has issued a warning to trustees of SMSFs about sloppy valuation practices. ATO data analysis has revealed that…