News : Accounting

Accounting, ASIC

Former accountant jailed for fraud

A former accountant who recommended the use of an SMSF with some clients has been jailed after he defrauded investors of $815,000.

read more
Accounting, Financial Planning

Accountants, planners team up to expand SMSF offering

Accountants teaming with planners to expand SMSF offering

The number of accountants working with financial planners to boost their SMSF value proposition has climbed as trustees focus on advice expertise.

read more
Accounting, Tax

Numbers for cap on tax advice based on wrong data set

tax advice

Calls to cap deductions for costs related to tax advice have been based on inaccurate and limited data.

read more
Accounting

Countplus acquires big stake in accounting firm

Countplus has made its second acquisition this year, taking a stake in the accounting and financial advice business of a Melbourne-based firm.

read more
Accounting

Double reporting a growing issue in TBAR regime

Issues such as double reporting have surfaced in the initial stages of the TBAR regime, according to a legal firm specialising in SMSF advice.

read more
Accounting, Superannuation, Tax

CAANZ welcomes commitment to no new super taxes

A leading accounting body has welcomed the commitment by both major political parties to not add new super taxes, but has asked for more policy details.

read more
Accounting, Tax

Accountants slam Shorten over deduction ‘rort’ remark

&

Two accounting bodies have hit back at Bill Shorten for labelling deductions for managing tax affairs as a ‘rort’ and promising to limit them to $3000.

read more
Accounting

SMSF Party falls short of registration deadline

Grant Abbott headshot

The SMSF Party has fallen short in its attempt to become a registered party before the 18 May federal election, after it failed to demonstrate it had sufficient voting members.

read more
Accounting

NALI, LRBA changes unlikely to pass before poll

A bill to make changes to the rules around calculations for NALI and the value of assets in an SMSF with an LRBA are likely to lapse after stalling in the Senate.

read more
Accounting, ASIC, Financial Planning

ASIC puts new conditions on SMSF Advisers Network

ASIC has imposed additional licence conditions on the NTAA-owned SMSF Advisers Network following concerns about compliance with the best interest duty.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.