We look at SMSF property valuations and related-party leases, and the importance of having appropriate evidence ready to support market values and arm’s-length rental arrangements during the annual audit.

Reducing your tax exposure, maximising the opportunities available to you and reducing your risk of an audit by the ATO is in your best interests. With the end of the financial year fast approaching, this update will help you do exactly that.

For SMSF members and trustees, a few timely checks now can avoid headaches later and help preserve valuable tax and contribution opportunities.

Read why family businesses should carefully review the perks they provide to working directors and family members.

We unpack the ATO’s escalating focus on work-vehicle FBT issues, where misunderstood exemptions and poor record-keeping are driving significant audit activity.

The ATO has unveiled 5 areas of concern dominating its priority list, signalling a shift from the leniency extended during COVID.