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Posts Tagged :

smsf fees

Can I Reimburse the SMSF for Expenses Paid Personally?

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…

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Are SMSF Costs/ Expenses Deductible?

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: •…

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