Community

ATO warns on poor asset records causing SMSF breaches

  The ATO has stressed the importance of clearly distinguishing SMSF assets, with some funds losing assets to lenders following personal debts because they were not recorded correctly.

When is an unallocated contribution account a reserve?

  The ATO interpretative decisions and tax determinations on this issue refer to contributions being allocated to an “unallocated contribution account”.

Market Update – 31st January 2016

A snapshot of the key points for January 2016