Class today announced the minimum subscription level of $5 million under the company’s initial public offering (IPO) had been exceeded, despite unforeseen delays caused by the need to lodge a supplementary prospectus.

BMR Corporate Solutions has successfully integrated with BGL Simple Fund 360.

Accounting businesses must find ways to leverage the disruptions challenging the industry in order for client relationships to prosper.

Accounting practices would need to determine whether their clients wanted more than just tax and compliance work as many were favouring an advisory-style relationship, according to a business futurist.

Topdocs has added automated Australian business number (ABN) applications for SMSFs to its online portal through a new direct link with the Australian Business Register (ABR).

Auditors should avoid sending out positive management letters or reports to trustees regardless of whether the fund meets its compliance requirements, according to an audit specialist.

The ATO has confirmed it considers the practice of offering low-cost SMSF audits as a high risk factor and as such will be continuing to scrutinise individuals offering this type of service.

Biannual research from RGi Group has found understanding the legal requirements and regulations for setting up an SMSF were the biggest hurdle when starting out.

Strategies around terminal illnesses and death may seem distasteful, but can effectively minimise tax and provide significant value and peace of mind for clients.