News : Accounting

Tech to ease auditor independence compliance

September 24, 2020

Technology could play a vital role in business continuity for firms concerned about how best to adapt to new auditor independence standards in order to remain compliant.

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Accounting, Auditing

Firms adapting to comply with new guidelines

September 22, 2020

Tharshini Ashokan

Accounting firms are beginning to focus on the operational changes needed to remain compliant with new auditor independence standards, an SMSF audit and administration software provider says.

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Accounting

ATO prepares for member rise

September 17, 2020

Darin Tyson-Chan

The ATO is preparing to accommodate the legislative change that will allow a maximum of six people to be members of an SMSF.

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Accounting, Auditing

Auditor pick key for accountants

September 7, 2020

Darin Tyson-Chan

The impact of a change of auditor on an accounting firm performing the administration for SMSFs needs careful consideration, a specialist practitioner has said.

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Accounting

Be cautious around SMSF loan discussions

September 2, 2020

Jason Spits

Accountants have been warned to tread lightly when discussing SMSF loan refinancing in the coming months and be certain to keep their advice within tight limits.

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Accounting

Trustee removal may be best dispute outcome

August 11, 2020

Tharshini Ashokan

Arguments over member rollouts could justify a trustee being removed if the trustee is shown to be acting against the best interests of the fund, an SMSF legal expert says.

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Accounting, Administration

Returns still require signature

July 27, 2020

Darin Tyson-Chan

SMSF annual returns still require a signature of some sort, regardless of COVID-19 isolation practices, a technical specialist has said.

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Accounting, Financial Planning

Licensing forces industry to rethink roles

July 14, 2020

Tharshini Ashokan

AFS licensing requirements will push more advisers to specialise over time, allowing accountants to take on the role of the generalist for the SMSF sector.

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Accounting, Practice Management

COVID-19 highlights vital offshoring framework

June 16, 2020

Darin Tyson-Chan

COVID-19 business restrictions for accounting firms have highlighted the need for detailed risk management plan when looking at offshoring arrangements.

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Accounting

Time for careful contribution planning

June 11, 2020

Meg Heffron

June is a good time to strategise how to maximise superannuation contributions and make the most of the rules to ensure clients get the best outcomes.

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