News

ATO

Auditor referrals on ATO independence radar

ATO activity regarding SMSF auditor independence in the 2018 financial year will focus on referral networks and their ability to compromise professional standards in this area.

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Regulation

SMSF Association backs ASIC funding laws

The SMSF Association has welcomed the introduction of an industry funding model for the Australian Securities and Investments Commission (ASIC), labelling the move a positive for the SMSF sector.

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Business News

SMSF Association issues pensions reminder

The SMSF Association has warned SMSF members in the pension phase to ensure they meet their minimum pension payments by 30 June.

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Accounting

Accountants challenged by growth: report

Less than one in five accountants or 19 per cent are happy with their practice’s client retention and growth rates, a major decline from 41 per cent last year, according to a new study.

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Regulation

LRBA, TRIS amendments made law

Amendments to the federal government’s treatment of limited recourse borrowing arrangements (LRBA) and transition-to-retirement income streams (TRIS) under the incoming superannuation changes passed through both houses of Parliament last week.

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Business News

Research reflects SMSF establishment trend

The latest analysis of the superannuation industry has shown generation Y having a very healthy attitude toward retirement saving, reinforcing recent demographic shifts in the SMSF sector, an industry technical expert has said.

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Accounting

Plenty Plus adds pension commutations advice

Unlicensed accountants can now request advice on pension commutations for their clients, along with the required minutes, through Plenty Plus.

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Compliance

BGL adds vital tax, compliance updates

BGL Corporate Solutions has released important 2017 tax and compliance functionality for its SMSF software, Simple Fund 360.

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Accounting

MyWorkpapers adds SMSF enhancements

Accounting work papers software provider MyWorkpapers today announced its latest technology release that will help accounting firms build stronger and more profitable relationships with clients.

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Business News

SMSFA applauds elder abuse recommendations

The SMSF Association has thrown its support behind the Australian Law Reform Commission’s (ALRC) recommendations in its final report on elder abuse as they encompass positive steps towards helping to mitigate possible risks faced by ageing SMSF members.

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