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    How to pay for Bare Trust / Company setup for SMSF - is Direct Debit okay?

    Ah yes will depend if the invoice is broken also. But spoken with a few SPAA auditors and they share the same view "depends".
  2. S

    How to pay for Bare Trust / Company setup for SMSF - is Direct Debit okay?

    Direct Debit is OK. Your accountant should treat this as "Prepaid Borrowing Expense" and it will be amortised (claimed as a deduction) over 5 years. Yes keep your receipts, unfortunately the auditor's need to sight everthing under the sun. SMSFguy. :D
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