News : Accounting

Auditor pick key for accountants

September 7, 2020

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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Accounting

Accountants chase SMSF clients

June 9, 2020

Darin Tyson-Chan

Accountants have expressed a desire to add more SMSF clients to their books of business, according to the latest industry research.

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Accounting, Financial Planning

Advice services need post-COVID-19 focus

June 3, 2020

Jason Spits

The COVID-19 downturn has demonstrated the value of professional advice, but practitioners should be preparing for clients’ post-lockdown needs.

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Accounting, Investments

Accountant investment advice has validity

May 21, 2020

Tharshini Ashokan

Unlicensed accountants should not assume they cannot assist SMSF clients with their fund investment strategy, but should be aware of the limits on the advice they can provide.

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