Heffron launches SMSF COVID-19 rent relief tool

Heffron has launched its COVID-19 Rent Relief tool at past of its Super Toolkit to help self-managed superannuation fund (SMSF) landlords who have provided rent relief to tenants comply with super laws.

The rent relief tool walked users through the compliance requirements of the Australian Taxation Office (ATO), which helped users to identify the drivers for rent relief and articulate the reasons why relief should be given in particular situations, and also highlighted rent relief risks.

The tool was part of Heffron’s second phase of its toolkit that was launched in response to requests from SMSF advisers, accountants, and trustees who sought guidance in meeting auditor and ATO requirements for their SMSF landlords.

Heffron managing director, Meg Heffron, said: “The launch of the Heffron Super Toolkit marks the future of our SMSF Document Services. We are fortunate to be agile and able to bring our expertise and practical experience to the market quickly at an affordable price. Co-creating our tools with our clients will continue to drive product development”.

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