On Monday 11th November 2019 the ATO posted an announcement that they will contact approximately 13,000 SMSF Trustees/Directors who do not have a dedicated bank account held in the name of the relevant SMSF fund.
The importance of meeting this requirement will be that those SMSF’s without a dedicated bank account will be prevented from receiving roll over funds.
The deadline applying to this announcement is March 2021.
We note that appointed Tax Agents can update SMSF’s bank account details via the online service portals.
Please contact our office on 9387 5637 if you require any further information.
Mark has helped us immensely to understand our financial position, these guys are not just tax agents, they fully understand all aspects of business.
Daniel and his team at Tactica Partners have been taking care of me, my family and my company's accounting needs and I highly recommend him and the team. They've made getting tax done so easy and Daniel is an amazing accountant and extremely thorough and helpful.
…very professional, well prepared and organised. They have given us great business and personal tax advice, offered us good business insights, and more general personal planning advice too.
They continually deliver on all aspects of their service offering. …..we appreciate the substantial assistance they have provided in managing our bookkeeping function and providing proactive tax and accounting advice. We value their ongoing input in helping us strive for continual improvement on our reporting processes and delivery of timely information to our US office.
At last! An accountant who has "not" had a totally successful charisma bypass operation! Sensible and knowledgeable advice. Excellent!
Mark H and Helen have given us wonderful support for our family and business accounting for several years now. When I got my first invoice I grumbled……. not now. We can see the savings and feel the security for ourselves.