Alerts to protect SMSFs from fraud
Aspen Corporate • 29 March 2020
Alerts to protect SMSFs from fraud
A new system alerting SMSF trustees of changes made to their SMSF will roll out this month. The ATO will alert trustees by text and/or email when changes are made to bank details, electronic service address of the fund, the authorised contact and members.
Trustees need to notify the ATO within 28 days of key changes to the fund including a change in trustees, directors of the corporate trustee, members, contact details, address and fund status.
From 1 July 2025, ATO debt may cost you more. Two types of interest charges on Australian Taxation Office (ATO) debt will no longer be deductible.
Division 296 super tax is the Federal Government proposal to impose an extra 15% tax on total superannuation balance earnings over $3 million.
The rise of Financial Influencers or ‘Finfluencers’ - the risks of taking advice from unqualified sources can have serious consequences.
Trust structures have been prized for asset protection and flexibility with income distributions. However, with regulatory changes and mounting administrative complexity has the shine worn off?
What does the One Big Beautiful Bill mean for Australian investors, especially super funds and small businesses with US exposure?
If you are involved with running a not for profit (NFP) organisation it is important to be aware of key obligations and requirements.
