Large-scale reciprocal auditing expected to be on ATO’s radar
Miranda Brownlee
SMSF firms have been warned that the ATO will likely be paying close attention to firms entering reciprocal audit arrangements with other bu
SMSF firms have been warned that the ATO will likely be paying close attention to firms entering reciprocal audit arrangements with other bu
Australian employers have been reminded about the upcoming deadline for the super guarantee amnesty due to expire on 7 September this year.
The ATO has released a draft legislative instrument which will provide greater certainty on the in-house asset exclusion for SMSFs that have
SMSF audit firm ASF Audits has promoted one of its executives to head of education as it looks to implement training programs for the SMSF i
The ATO has provided clarity on its position on debt forgiveness for Division 7A which may apply to some SMSFs with Division 7A loans.
FASEA has released the results for candidates who sat the financial adviser exam in June, with 84 per cent of candidates passing.
Hundreds of Australians who applied for the COVID-19 early access to superannuation scheme are tipped to have their eligibility questioned a
A law firm has outlined the type of evidence the ATO might look for to suggest that a trustee has the required knowledge and skills in takin
SMSF clients that have been unemployed for a number of years may be eligible for early release of super, but it is vital they are able to sh
A former adviser has been sentenced to six years’ imprisonment for misappropriating over $1.8 million in client funds, including funds hel
Almost half of advisers resitting the FASEA exam fail a second time, prompting concerns from the authority that feedback given to candidates
The government has extended the relief provided for electronic document execution for a further six months, which may allow SMSFs with a cor
With the number of advisers declining, increasing numbers of investors are being transitioned to wholesale investors, which may be exposing
SMSFs that commuted or restructured a market-linked pension after 1 July 2017 may need to take timely action following recent legislative ch
As part of its ongoing investigation, the ATO referred 18 tax agents to the Tax Practitioners Board in 2019–20 for the misuse of SMSF audi
SMSF auditors will be more closely scrutinising the types of audit evidence provided this year including what date it relates to, as both au
With some newly established SMSFs and late lodgers experiencing troubles with the application process for early release of super on myGov, a
Over half of the most popular managed funds owned by SMSFs have underperformed benchmarks in the past five years, with some also charging hi
The government now expects around $42 billion to be removed from the super system as a result of the early release scheme, having revised up
The head of AMP’s adviser association has revealed further details around the class action lodged by AMP Financial Planning advisers this
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