News : Accounting

Accounting

Auditors to switch ATO inquiry services

ATO auditors inquiry

The ATO has closed an inquiry and reporting channel for SMSF auditors as it transitions to new, faster online services.

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Accounting

Details of legacy pension changes released

legacy pension commutation

The much awaited details regarding changes to commuting legacy pensions have been released as part of a consultation process by Treasury.

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Accounting

Accountants fail on client targets

accountants SMSF clients

Research into the sector has shown accounting firms are falling well short of the number of SMSF clients they would ideally like to be servicing.

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Accounting, Estate Planning, Financial Planning

Wealth transfer body to formally launch

SAPEPAA launch

The Succession, Asset Protection and Estate Planning Advisers Association (SAPEPAA) will formally launch this week about a year after its formation was first flagged.

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Accounting

AFCA gets tick of approval

AFCA review

AFCA has been found to be operating effectively and meeting its statutory obligations after its first mandatory government review.

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Accounting, Administration

Automated administration flourishing

SMSF automated administration

The use of SMSF administration software has increased among accounting firms and shows no signs of abating in the immediate future.

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Accounting

Millennials turning to SMSFs

SMSFs millenials

SMSFs are becoming increasingly attractive to younger Australians, who are also active traders, according to trading platform AUSIEX.

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Accounting, Business News

Class, Cloudoffis team up for year-end service

Class Cloudoffis

Class and Cloudoffis have formed a partnership to provide SMSF practitioners with a new workpaper solution for their end-of-year processes.

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Accounting, Financial Planning

Legs and regs challenge worsens

regulation SMSF accountants

Legislation and regulations regarding the provision of financial advice are proving to be an increasing challenge for accountants servicing SMSFs.

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Accounting, Auditing

ATO to ask for auditor independence proof

trustees auditor independence

SMSF auditors completing an in-house audit will need to prove their firm had no role in the oversight of the fund and trustees were solely responsible.

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