smsf fees Archives - Redwood Advisory SMSF

Can I Reimburse the SMSF for Expenses Paid Personally?

December 31, 2013

Short answer is “Yes”, you can, under certain conditions. A short example will be used to explain the answer. One of our clients called us in a state of panic recently, explaining how he had paid our SMSF administration fee with a personal credit card instead of paying from the SMSF. He contacted…

Are SMSF Costs/ Expenses Deductible?

By: Ivan Filipovic

October 29, 2013

Like other taxpayer entities, a complying SMSF is entitled to deduct from its assessable income any losses or outgoings that are: • incurred in gaining or producing assessable income • necessarily incurred in carrying on a business for the purpose of gaining or producing such income. Expenses that a complying SMSF can deduct include: •…