News

Business News

Class signs deal with Countplus

Class today announced it has signed a partnership agreement with accounting and financial advice firm Countplus for the provision of SMSF and wealth accounting software.

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Business News

Accountable selects Hub24 platform

Licensing and financial services company Accountable has chosen listed financial services firm Hub24 as its platform provider to deliver a white-label solution to its network of accountants and advisers later this month.

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Accounting

Accountants avoiding action “at own peril”

A figure stands before an artwork in which a small fish is about to be eaten by a large fish.

The advent of new technologies and further automation is set to be a huge challenge for most industries and professionals, yet accountants are failing to embrace the change as an opportunity.

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Business News

Regtech world enables better decisions

The development of regtech solutions will enable advisers and accountants to decide what is best for clients in a more seamless way, along with the additional benefit of managing business risks.

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Insurance

Structured settlements verification necessary

SMSF trustees making contributions to their fund as a result of a risk insurance payout need medical practitioner verification before it can be classified as a structured settlement and receive concessional treatment under the new superannuation rules.

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Accounting

Accountants turning to platforms

More SMSF accountants are turning to platforms now that there has been a discernible departure from the traditional, clunky ‘old-world’ platforms to more accountant-friendly and broader investment offerings.

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Auditing

Why technology won’t replace SMSF auditors

Many SMSF trustees and advisers could be forgiven for thinking recent developments in technology mean SMSF auditors no longer add any value to the audit process.

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Accounting

APRA apps will inform future SMSFs

Touch screen

Young superannuants’ use of mobile apps offered by Australian Prudential Regulation Authority (APRA) funds and emerging fintech start-ups will create an environment where future SMSF trustees will have had their expectations set from those experiences.

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Compliance

Machine learning will bolster compliance

Artificial intelligence (AI) and machine learning provide the possibility of enabling SMSF software and systems to autonomously and automatically pick out funds that have issues, lessening the burden of compliance on practitioners, according to BGL Corporate Solutions managing director Ron Lesh.

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ATO

Real-time reporting needs some context

The ATO has stressed SMSF trustees do not need to be overly concerned about the perception the administrative requirements in running a fund will significantly increase due to the introduction of real-time reporting.

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