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Notes Online Home 2014 Super Basics SMSF Fundamentals
In this chapter of the notes we discuss an overview of SMSF fundamentals. In particular, the following:
- New limited AFS licence for accountants giving SMSF advice from 1 July 2013
- What an SMSF is
- Step-by-step guide to setting up an SMSF
- How to treat SMSF formation costs for accounting and taxation purposes
- Trustee issues and SMSFs
- Essential clauses in an SMSF trust deed