Administration of SMSFs
  It is time to review clients' contributions now and again before the end of June to monitor where they stand under changes to contributions caps. It is important to make sure that clients have not already reached this year's contributions cap, says Andrew Bloore of smartsuper. He warns that if the cap is exceeded, severe taxation penalties will apply. It is equally important to lodge returns on time to avoid penalties.Topics: Accounting & Tax, Financial Management |
 Andrew Bloore, smartsuper |