One of the biggest fallacies in SMSF administration is that an SMSF trustee is entitled to an account-based pension once they reach their preservation age, which in turn leads to a disregard of the associated cash restriction in relation to the member’s preservation age.

Evolv has announced it will unveil two new offerings that will provide a previously unavailable advantage to auditors by opening up collaboration and an alternative way to execute audits more efficiently.

Mayflower Consulting has designed an intensive one-day workshop to provide a hands-on practical approach and a focus on change management for accountants who are now operating under an Australian financial services licence or as an authorised representative.

The SMSF Association has come out in full support of the federal government’s decision to legislate the improvement of professional standards for financial advisers.

SMSFs have historically had to pay twice for administration and other costs to effectively unwrap wrap assets, but these costs can finally be removed.