ATO reports on top contravention areas for SMSFs
The ATO has released data that shows where the highest proportion of contraventions occurred in the year leading to 30 June 2016, and how many were rectified.
As part of its statistical review for SMSFs, the ATO reported that for the year ending 30 June 2016, 7,900 SMSFs had auditor contravention reports (ACR) lodged with 20,500 contraventions.
Read the full story at SMSF Adviser.
