Articles by Krystine Lumanta

Superannuation

Pension overpayments require vigilance

While the issue of SMSF members meeting their minimum pension payments has received much attention since the new super rules commenced, the overpayment of pension income is equally as crucial an area to monitor, a specialist industry law firm has warned.

read more
ATO

TBAR represents quantum shift for practitioners

The ATO processes that will implement the new super reforms mean advisers, accountants, tax agents and other professionals working with SMSFs must change and adapt to a new world of reporting, particularly the transfer balance account report (TBAR) regime.

read more
Practice Management

Adopt best practice for TBAR

SMSFs reporting on an annual basis under the ATO’s transfer balance account report (TBAR) regime should still endeavour to lodge in a timely manner, a specialist industry lawyer has warned.

read more
Estate Planning

Estate planning adviser shortage flagged

The amount of estate planning work SMSF clients will require in order to comply with the new super changes will put pressure on specialist adviser demand, which has the possibility to fall short, according to an industry lawyer.

read more
Regulation

ASIC reports on limited AFSLs, SMSF auditor applications

The Australian Securities and Investments Commission (ASIC) reported 1211 applications for limited Australian financial services licences (AFSL) were received between July 2016 and June 2017.

read more
Investments

Resilience in emerging markets slated for 2018

The outlook for emerging market debt as an asset class will be a more compelling one for strategic investors during 2018, despite the significant global macro events expected, Lazard Asset Management has said.

read more
ETFs

New ETFs boosts diversification

Vanguard Australia’s four newly listed Diversified Index exchange-traded funds (ETF) will provide investors, including SMSF trustees, with greater access to the firm’s leading diversified portfolio strategies.

read more
ATO

TBAR form revised for more events

The ATO has updated its paper transfer balance account report (TBAR) form to allow up to four transfer balance cap events to be reported per member.

read more
Auditing

Biggest audit risk named

A magnifying glass and a document.

The biggest audit risk for 2017 is the undervaluation of assets in an SMSF, according to a superannuation specialist.

read more
Accounting

Digital disruption an opportunity

The impact of technology on the accounting profession is only going to become greater and develop at a faster rate, forcing practices to truly consider their digital transformation.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.