SMSF

With July 1 fast approaching, many Australians are hearing mixed messages about changes to superannuation—some true, others completely false. At Boa & Co. Chartered Accountants, we’re here to clear the confusion and ensure you’re well-informed and financially prepared. Superannuation is a hot topic in 2025—especially with changes just around the corner. If you’ve heard rumours

If you’re managing a Self-Managed Super Fund (SMSF), staying ahead of regulatory and tax changes is crucial. Several superannuation policy updates will take effect from 1 July 2025, and many of them will impact how you contribute, manage, and transition your super benefits. Here’s what you need to know—and how Boa & Co. Chartered Accountants

Regulator Highlights Key Audit Risks and Compliance Focus Areas The Australian Taxation Office (ATO) has outlined its compliance priorities for SMSF auditors in 2025, with a renewed focus on market valuations, high-risk auditors, and independence requirements. With over 32,000 new SMSFs established in 2024, marking a 21% increase from 2022–23, the ATO is tightening its

Rising SMSF Numbers Reflect Strong Investor Confidence The latest ATO Self-Managed Super Fund (SMSF) quarterly statistical report for December 2024 has confirmed that the SMSF sector is continuing its strong growth, with nearly 9,000 new SMSFs established in the last quarter alone. The total number of SMSFs now stands at 638,411, marking an increase of

Managing a self-managed super fund (SMSF) can be rewarding, but there comes a point where the complexity and effort involved may no longer justify the benefits. In cases like yours—where a single member, aging trustee, and shifting financial needs are in play—it’s worth considering whether an industry fund might be a better alternative. Key Considerations

Navigating the complexities of property investment through a Self-Managed Super Fund (SMSF) can be a powerful strategy for building retirement wealth, but it comes with a range of compliance challenges. Recent data from the Australian Taxation Office (ATO) indicates a growing interest in SMSFs investing in property, with residential property allocations rising 26.4% to $55.2