In the Press:
Self Managed Super Magazine: Qualified audit isn’t non-compliance.
“A qualified audit doesn’t mean that your SMSF is not complying and that you’re up for penalties. I think sometimes [clients] get really worked up [over a qualified audit],” Red Willow Super managing director Marjon Muizer said at Class Ignite 2024 in Sydney last week.
“Generally there’s no need to panic unless the trustees have intentionally done something wrong and it’s a financial detriment to the fund or the ATO is losing out on tax. The ATO will consider the breaches they get on a case-by-case basis and they’re generally quite reasonable in their approach.
