Are you the director of a Small to Medium Business? It can be tough knowing what to do from the top. With some business it seems like everyone is doing their job and you’re hardly needed, with others it feels like the logistics of everything depend on you, right down to the water coolers or even keeping the lights on. Thankfully for most of these you will be able to
04
Mar 2015
ATO and SMSF contraventions
At the SMSF Association (formerly SPAA) National Conference held last month in Melbourne, the ATO confirmed that they are taking a new approach to when an Auditor Contravention Report (ACR) is lodged for an SMSF. The ATO will now telephone trustees of SMSFs (or directors where there is a trustee company) when they receive an ACR to confirm that the trustees or directors are aware that a breach was identified, as well as query why it