News : Administration

Administration, Compliance, Financial Planning

Planners feel left out of TBAR loop

Financial planners with SMSF clients feel excluded from the transfer balance account reporting (TBAR) process due to poor communication practices that currently exist between themselves, accountants, trustees and administrators, according to a specialist SMSF adviser.

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Administration, Business News, Investments

BT Panorama capturing new SMSFs

BT Financial Group (BTFG) has revealed its Panorama platform has had success in attracting newly established SMSFs versus already established funds, while announcing a material drop in its pricing today.

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Administration, Retirement

The topsy-turvy world of ECPI

While the new rules for pension fund tax exemptions (exempt current pension income or ECPI) have now been in place for over 12 months, the first few 2017/18 income tax returns are now being prepared and lodged. As always, real client cases illustrate best that the new world is very different from the old.

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Administration, Compliance

Accountants, trustees doubling up on TBAR

Instances of transfer balance account report (TBAR) duplication by SMSF trustees and their accountants are occurring, indicating a lack of communication between the two parties, according to Class.

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Administration, Compliance

Periodic processing creates income leads

SMSF accountants should be moving to a periodic processing model rather than remaining on annual processing as it creates new client opportunities and services that can be charged for.

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Administration, Auditing

Treasury releases audit discussion paper

Treasury has this morning revealed further details on its three-year audit cycle measure for well-run SMSFs via a discussion paper released for industry consultation.

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