What SMSFs absolutely need to consider before 30 June.
If you have assets such as real estate in your SMSF, and to an extent other assets such as collectables, and artwork, you will need to have a current valuation of those assets by 30 June.
Asset valuation is a key component in preparing meaningful SMSF financial reports. It has an impact on the returns for members and ultimately, SMSF sector performance as a whole.
Third party collection for P&Cs has been enabled by the Department of Education and Training (DET) in the latest update to the Accounting Manual