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01 Aug 14 On apps - the ATO responds

 

THE ATO RESPONDS to the feedback from Member 98 in last week's edition of TAXVINE - see 2014 TAXVINE No 26 (25 July 2014):
 
"No, SMSF trustees don’t need a mobile phone app to help run their fund, but it is important that they understand what their responsibilities are, as an SMSF trustee.  With over 1 million members of SMSFs in over 500,000 funds, and given that a large portion of the population is interacting more and more through mobile devices, we asked a representative group of trustees about how they wanted information made available to them – some liked written material, some liked mobile apps, some videos.  As such, the ATO is now providing information in various ways more broadly for individuals, small business and our super clients to make it easier for them to comply with their obligations and in the format that they prefer to use."