News : Accounting

Accounting, Trusts

Unit trusts need expert accounting

unit trusts accounting

SMSF trustees investing in vehicles such as pre-1999 unit trusts need to ensure they receive specialist accounting services to avoid poor outcomes.

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Accounting

Listed access to Nasdaq-100 imminent

betashares Nasdaq

A listed managed fund is set to be launched this month giving investors access to the Nasdaq-100 index but with a reduced level of volatility.

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Accounting

Asset valuation date fluid in split

Asset valuation split

SMSF members have some leeway in deciding when to value an asset that will be split as part of a divorce and are not locked into the splitting order date.

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Accounting

LightYear Docs expands service offering

LightYear human resources

LightYear Group has expanded with the inclusion of We Love Group, which has already provided a suite of human resources documents for clients.

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Accounting

Hardship access is fund responsibility

hardship access superannuation

Super funds have been reminded they are responsible for deciding if a member can access funds early due to financial hardship, but the criteria is very limited.

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Accounting, Documentation

Next phase of electronic documents pending

electronic documents

More changes to allow the use of electronic documents across the SMSF sector are reliant on the government picking up work carried out by Treasury before the election.

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Accounting, Investments

Give accountants freedom to talk investments

Accountants investment advice

Qualified accountants should be free to talk more generally about the investment needs of SMSFs.

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Accounting, Financial Planning

SMSF growth good news for advisers

SMSF increase advisers

SMSF practitioners expect recent establishments to continue and fund advice to boost revenue in the coming years.

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Accounting, Financial Planning

Accountants well qualified to give advice

accountants SMSF advice

Qualified accountants should be able to provide limited SMSF advice having already met the standards needed to do so.

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Accounting

New reporting timeframe for commutations

pension commutation reporting

SMSF members with commuted pensions must pay attention to new reporting dates to ensure any tax is correctly calculated.

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