Business reporting and transactions can be done online through the ATO’s Online services for business. It is available for use by: Logging in to Online services to business Home Page Functions (including) Account and Payments Lodgements Employees Menu Used by businesses to manage most employer obligations, including Communication with the ATO Profile Menu Used by…
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Each year you need to value your SMSFs assets and provide supporting evidence to your auditor. One of the many responsibilities SMSF trustees have every income year is valuing your fund’s assets at market value. The market value of an asset is the amount that a willing buyer and seller would agree to in an arms-length transaction.…
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As a trustee you need to have time and skills to set up an SMSF. You need to have the time and skills to manage your Self managed super fund, and there are ongoing running costs. As a trustee of an SMSF you’ll be responsible for operating your fund within the law. If you don’t,…
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