Wendy Super Accounting

29/05/2026

27/05/2026

Sometimes all it takes is hearing about something a few times at work, online or from people around you to start wondering: “Should I be looking into this too?”

That happens a lot with Self Managed Super Funds (SMSFs).

But here’s the real question: Are SMSFs actually right for everyone?

In this video, we explore:
• What an SMSF is in simple terms.
• What being a trustee involves.
• The administrative and compliance responsibilities that matter.
• Why an SMSF may suit some people, but not everyone.

Because understanding how something works matters before making assumptions.

This content is general and educational. It is not financial advice.

Where did you first hear about SMSFs?

You hear about Self Managed Super Funds (SMSFs) at work, online or ...

13/05/2026

The 2026 Federal Budget has introduced proposed changes that could significantly impact the way Australians approach retirement planning, property investing and long-term wealth creation; especially for those using or considering an SMSF.

Some of the key discussion points include proposed changes to negative gearing and capital gains tax, possible personal income tax cuts, and a continued focus on increasing new housing supply. Over time, these changes could make the concessional tax environment inside superannuation even more valuable for long-term investors.

In my view, this Budget reinforces something I have believed for a long time: retirement planning should not be left until later in life. The earlier people understand superannuation, contributions, tax structures and long-term investing, the more opportunities they may have in the future.

At the same time, SMSFs are not for everyone. Good structure, compliance, education and professional guidance matter far more than trends or headlines. The next few years may create both opportunities and risks, which is why understanding the rules properly will be essential.

At Wendy Super Accounting, we are happy to help you with SMSF accounting services and support to help you stay up to date with these proposed changes and ongoing compliance requirements.

For our Spanish-speaking community, you can view the Spanish translation of this post here: https://canva.link/jjt753bdx7ba4r3

What are your thoughts on the proposed changes? Do you think they will help housing affordability and retirement outcomes for Australians?

08/05/2026

Last night was a very special and emotional moment for me.

I was invited to the CPA Member Recognition Ceremony, thinking it was to celebrate my advancement to FCPA after receiving my certificate in the mail. But to my surprise, I was also recognised for my Public Practice — a true double blessing.

I feel so grateful and proud to share this moment with my husband and my two boys, who are always by my side.

Seeing so many incredible women and men being recognised, many with their children there, truly touched my heart. I know the hard work, the long study hours, and the sacrifices behind every achievement.

To every parent who keeps growing, studying, working, and becoming a better version of themselves while caring for their family — you are setting a beautiful example for your children.

Congratulations to everyone recognised last night. What a proud and inspiring moment. 🤍

22/04/2026

Dealing with family or your own business through your SMSF? ⚠️

This is where many trustees unintentionally get into trouble.

Watch this quick ATO video on related party transactions 👇
https://youtu.be/fNI_4esISq8?si=z2d--6XqxGEw6dOM

Here’s the key thing to understand:
Your SMSF *can* deal with related parties—but only under very strict rules.

👨‍👩‍👧 Related parties include:
✔️ Members
✔️ Family members
✔️ Businesses you control

And most transactions?
🚫 Not allowed
🚫 Or heavily restricted

Even when they *are* allowed (like business real property), they must be:
✔️ At market value
✔️ Properly documented
✔️ On arm’s length terms

Small mistakes—like undervaluing an asset or missing paperwork—can quickly turn into compliance issues.

At Wendy Super Accounting, we help you navigate these rules with confidence—so you can avoid costly errors and keep your SMSF on track.

📩 Not sure if a transaction is allowed? Reach out before you act—it can save you a lot of trouble later.

Can your SMSF conduct transactions with related parties? Watch this video to understand the rules and the pit falls.Learn more at https://www.ato.gov.au/supe...

21/04/2026

Did you know every SMSF must be audited every year? 📊

It’s not optional—and it’s a key part of staying compliant.

Watch this quick ATO video 👇
https://youtu.be/oUCR7eWCyDE?si=JPFUCuzFglijRPVm

Here’s what the annual audit involves:
✔️ A **financial audit** (checking your numbers are correct)
✔️ A **compliance audit** (making sure you’ve followed the rules)

And here’s where many trustees run into trouble…
👉 Incomplete or disorganised records
👉 Missing documentation
👉 Unintentional compliance breaches

Auditors are required to report serious issues to the ATO—so it’s important to get things right.

The good news? With proper support, the audit process can be smooth and stress-free.

At Wendy Super Accounting, we make sure your records are accurate, complete, and audit-ready—so there are no surprises.

📩 Want a smoother audit this year? Reach out or book a consultation and let’s get everything in order.

What’s involved in the annual audit of your SMSF?Find out about the obligations that are required for an SMSF auditor to undertake their responsibilities he...

20/04/2026

What happens to your SMSF when a member passes away?

It’s not something we like to think about—but it’s something every SMSF needs to plan for.

Watch this short ATO video 👇
https://youtu.be/-GVHlMcsTcw?si=ovXaxdnGxLbRGy6w

Here’s what you need to know:
Your SMSF doesn’t automatically stop when a member dies.

Instead, trustees must:
✔️ Review the trust deed
✔️ Check for a binding death benefit nomination
✔️ Identify the correct beneficiaries
✔️ Pay out the benefits as soon as practicable

This could be to a dependant (like a spouse or children) or the member’s estate.

Getting this wrong can lead to delays, disputes, or compliance issues—especially during an already difficult time.

That’s why having the right structures and documentation in place *beforehand* is so important.

At Wendy Super Accounting, we help you plan ahead and ensure everything is set up properly—so your wishes are carried out smoothly when it matters most.

📩 Not sure if your SMSF is set up correctly for this? Reach out or book a consultation for peace of mind.

If a member dies, what happens to your SMSF and the member’s benefits? This video helps you to understand what you need to do.Find out more about your fund’s...

19/04/2026

What happens if your SMSF breaches the rules? ⚠️

It’s something many trustees don’t think about—until it’s too late.

Watch this short ATO video 👇
https://youtu.be/NbJJzVyzkU0?si=jeMLMHaW2lDtTOjs

Here’s the reality:
Most SMSFs try to do the right thing—but mistakes can happen.

And when they do, the ATO has a range of actions they can take:
🚫 Penalties (which trustees pay personally)
🚫 Directions to fix the issue
🚫 Enforced changes to your fund
🚫 In serious cases, your SMSF can be made **non-compliant** (with major tax consequences)

But here’s the important part 👇
👉 Acting early and getting professional help can make a big difference.

Fixing issues quickly—and showing you’re taking compliance seriously—can reduce the impact.

At Wendy Super Accounting, we help you identify and correct problems early, so small mistakes don’t turn into costly outcomes.

📩 Worried your SMSF might have a compliance issue? Reach out or book a consultation—it's always better to address it early.

This video shows the possible consequences and how professionals may be able to influence the outcome.To find out more about how the ATO deals with non compl...

18/04/2026

Have you gone over your super contribution caps? ⚠️

It happens more often than you think—and the consequences can catch people off guard.

Watch this quick ATO video 👇
https://youtu.be/fMyCu9vFEn8?si=C0HkwKhFRgndU0sg

Here’s what you need to know:
There are **limits (caps)** on how much you can contribute to your super each year.

✔️ Concessional (before-tax) contributions
✔️ Non-concessional (after-tax) contributions

If you exceed these caps:
🚫 You may need to pay extra tax
🚫 You could be required to withdraw the excess
🚫 The outcome can vary depending on your age and situation

The good news?
The ATO will usually notify you and explain your options—but it’s much better to plan ahead and avoid the issue altogether.

At Wendy Super Accounting, we help you stay on top of your contribution strategy—so you maximise your super *without* triggering unnecessary tax.

📩 Not sure if you’re close to the cap or already gone over? Reach out or book a consultation for clarity.

Making contributions over the super caps has specific consequences depending on your age and the type of contribution you make. This short video will outline...