SUBSCRIBE TO THE smsf adviser BULLETIN
SMSF and Accounting Awards
The 2015 SMSF Awards
The 2014 SMSF Awards
If an auditor can charge $400 per fund and still make a reasonable living, then that's up to them. You can't assume they are doing a shoddy job just because they charge a low fee.
ASIC applies to Federal Court to appoint provisional liquidators to six Macro Group companies
Met with some new clients last week who had an existing SMSF set up by an accountant recently (post 1st July 2016). Fund was set up based on 'client direction', no SOA provided, no advice provided, no warnings about loss of insurance, just an instruction to go get a bank account sorted and you can use these forms from the ATO to rollover your existing super.
Administration considers redefining trade stats to make trade deficit look worse. Dumb, dishonest and dangerous.
It will be interesting to see if the ATO gives Financial Planners access to these tools on clients behalf like the Super Balances or will they only be availlable to tax agents
Welcome to the club Accountants this is what Financial Advisers have had to endure for the past 10 years so get used to it as there is more to come. Easy money for you is now over.
If an #SMSF breach occurs, voluntary trustee disclosure is best. #ATO #SMSFAssoc
Here we go again. The problems with the SMSF story has seen accountants, property marketing firms going head over heals getting at the retirement funds to do people over with fees and back door commissions.
And beauty is advisers can push your premium up by 5% to take juicy 135% commission & you'll never be the wiser. How broken is this model?
They just can't help themselves can they - just leave us alone for a while
Good morning Melbourne #SMSFAssoc
And there are still plenty of accountants saying to clients they can give AFSL advice without an AFSL, as the client has no idea. Or proving AFSL advice with zero AFSL compliance, no fact finds, no SoAs, no PDS, no FSG, no PI cover, etc, etc
Page 1 of 11
Does your firm currently outsource some of its work overseas?
No, but planning to in the next 12 months
SuperConcepts distances business from jailed tax agent
Audit firm reports ‘tsunami’ of CGT errors
ATO set to add new items to SMSF watch list
RBA makes cash rate call for October
SMSFs warned on snares with personal contributions
New Investment Product For High Net Worths set to Disrupt The Industry
New UK pension transfer service launched for Australian advisers and accountants
Bitcoin: The New Asset Class