News : Accounting

CFSGAM renamed as First Sentier

September 16, 2019

The acquisition of Colonial First State Global Asset Management by Mitsubishi UFJ Trust and Banking Corporation has been reflected in the business being rebranded as First Sentier.

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Accounting

Accountants could miss huge SMSF opportunity

accountants overlooking SMSF opportunity

August 26, 2019

Darin Tyson-Chan

While demand for financial advice from accountants is on the rise, recent research has shown this professional group is largely ignoring this trend.

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Accounting, Regulation

Industry overstating NALI impact

August 8, 2019

Darin Tyson-Chan

The SMSF sector is placing more importance on the non-arm’s-length income rules than is warranted by ATO statistics, according to an accounting body.

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Accounting, Financial Planning

Accountants not solution for financial advice gap

August 6, 2019

Jason Spits

Accountants are unlikely to complete further education to step into the financial advice sector as its revenues decline and practitioners leave.

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Accounting, Tax

Treasury puts accountants’ exemption back on table

August 5, 2019

Jason Spits

A Treasury discussion paper has flagged allowing accountants to provide basic SMSF advice without being licensed and moving financial planners from under the tax licensing regime.

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Accounting, Superannuation

SMSF sector leads in growth, assets

July 31, 2019

Jason Spits

A new report into the financial services industry has highlighted the strong growth of the SMSF sector, which continues to hold a dominant place within superannuation.

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Accounting, Estate Planning

Estate planning ripe for accountant involvement

July 23, 2019

Jason Spits

SMSF accountants should consider offering estate planning services to clients as few other groups are currently meeting their need for advice.

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Accounting, Education, FASEA

FASEA exam offers licensing window for accountants

July 22, 2019

Jason Spits

Accountants who are not licensed to provide SMSF advice should complete the FASEA exam to prevent having to requalify from scratch in the future.

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Accounting

Rollover recourse important to know

July 16, 2019

Darin Tyson-Chan

Knowledge about recourse action in the event of delayed SMSF rollover requests is an area where advisers can add value for their clients.

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Accounting

Franking credit policy had silver lining

July 11, 2019

Darin Tyson-Chan

A positive development for SMSFs did result from Labor’s proposed change to franking credit refunds raising questions around the need for investment diversification.

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