19 Dec The rising demands for Accountants
While the demand for financial advisers this year has declined, the number of SMSF trustees using accountant for financial advice has risen. A report released by FSC/UBS Asset Management SMSF shows...
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21 Nov SMSF Practitioners reminded on CGT Relief reset
The CGT Relief (Cost Base Reset) provides relief to trustees of superannuation funds and Self-Managed Superannuation Funds (SMSFs) from the tax consequences for capital gains accumulated before 1 July 2017...
11 Oct ASIC licence applications delayed to next year
According to ASIC, hundreds of limited licence applications are expected to remain unprocessed until next year most of which are from poor quality. As announced by Warren Day, the ASIC senior...
21 Sep ATO to monitor on lifestyle assets
A warning was released by a mid-tier firmed that ATO is in radar on superannuation by obtaining more than 100,000 insurance policies to identify a non-compliant reporting. ATO is aiming to...
10 Aug The cancellation of 133 SMSF Auditors ASIC registration
Due to non- lodgement of annual statements, ASIC cancelled the registration of 133 approved SMSF auditors. These auditors were alerted by ASIC for a series of warnings that their registration...
25 Jul ATO warning: Avoid retirement planning schemes
The Project Super Scheme Smart was launched by ATO aiming to educate individuals and advisers about possible risks of retirement planning schemes. This is part of ATO’s broader focus to...