The SPAA has urged industry and the Government to work together to remove harsh penalties for super fund investors who mistakenly make excess super contributions....

Stephen Heath explains how a draft ruling by the Australian Taxation Office raises question marks about the long term use of trusts as an effective tax structure for fami...

A tougher approach by the ATO to excess contributions has prompted SPAA to call for transitional relief....

Government legislation dealing with the tax arrangements for managed investments trusts is necessary to ensure the managed funds sector is run efficiently and responsibly...

The National Institute of Accountants is lobbying Assistant Treasurer Nick Sherry to ensure financial planners aren’t exempt from the Tax Agent Services Act, saying exemp...

The ATO has flagged a new service for SMSF professionals. At the same time, it has warned about continuing breaches regarding loans to members....

After two decades as a financial planner, newly retired Ray Griffin explains what he has learned from a career in the industry....

Financial planners remain in the throes of change and the end of the financial year will present further challenges. But sticking to tried and tested tax strategies may s...

In the lead up to the end of the financial year, Bradley Eppingstall explains the eight steps investors need to consider when reviewing their tax position....

Deborah Wixted gives an update on employee share schemes and what the new rules mean for your clients....

Tax Institute warns against imposing penalties on SMSFs that are so high they wipe out balances....

The ATO is considering changes to income tax laws that currently provide the Commissioner of Taxation with an unlimited period to make an amendment to a taxpayer's assess...

The Federal Government is considering introducing changes to its superannuation contributions cap regime to eliminate perceived discrimination against women and some part...

SMSFs appear to have heeded the ATO's warnings about compliance, but personal loans to SMSF members have become a concern in troubled economic times....