Accountants look to planners to outrun SMSF admin firms
Jotham Lian
Accounting firms are turning to in-house financial planners in a bid to outmanoeuvre online SMSF admin firms, a new Investment Trend survey
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‘Dangerous’ clauses surfacing in SMSF trust deeds
Trust deeds containing clauses that cause reversionary pensions to override binding death benefit nominations are exposing SMSF professional
FASEA begins assessing foreign qualifications
Financial advisers can now apply to have their foreign qualifications approved by the Financial Adviser Standards and Ethics Authority, with
Franking credit debate far from over, says KPMG
While the Coalition election victory has eased worries about changes to franking credit refunds, the fiscal consequences of retaining these
SMSFs reminded on PAYG obligations for legacy pensions
With the ATO concerned that a number of SMSFs paying capped defined benefit streams haven’t met their PAYG obligations, a technical expert
Joint accounting and advice firms predicted to dominate advice space
The exodus of large institutions from the financial advice space and the changing regulatory environment is prompting a move towards converg
Division 7A amendments a ‘hidden danger’ for related party SMSF loans
The proposed changes to division 7A, relating to loans by private companies, will impact certain types of related party loans held by SMSFs
Financial adviser banned for failing director duties
ASIC has banned a former financial adviser for five years following his involvement in 14 failed companies, including an SMSF firm.
SMSF lodgments spike in final weeks to deadline
Lodgment rates for SMSFs has have jumped significantly over a two week period, with 72.3 per cent of the SMSF population having lodged their
LRBAs, guarantees in need of review after property market falls
With property markets taking a tumble in recent times, some SMSF clients may need to review the loan arrangements and guarantees they have,
Federal election a ‘lesson’ on jumping the gun on policy proposals
The surprising result of the federal election demonstrates the dangers of making major changes in response to policy proposals that have not
Adviser exam the next ‘hurdle’ for advisers with new standards
With the new CPD standards for advisers in place since January, the next priority for advisers under the new professional standards will be
Labor needs to rethink franking credit policy, says MP
A Labor MP has admitted that Labor’s proposal to remove refundable franking credits would have negatively impacted retirees that “werenâ
Lapsed measures to be reintroduced after Coalition win
With the Coalition government set to return for a third term, the SMSF industry may see some of the superannuation measures that lapsed befo
ATO scrutinising contributions ‘paid in error’, SMSFs warned
SMSF professionals should be careful with how they rectify contributions mistakenly made by clients, with the ATO keeping a close eye on thi
NSW Court upholds appeal in estate planning case
The NSW Court of Appeal has overturned an earlier court decision involving a deceased estate, after determining that the annual payment of a
Major superannuation changes off the table following Liberal win
With the Liberal party winning the federal election, the SMSF industry is likely to be spared from some of the more significant changes that
Past convictions still a trap with SMSF set-ups, practitioners warned
While the ATO’s disqualified trustees register has made it easier to identify clients with previous disqualifications, it is vital that SM
SMSF firm clarifies TBAR reporting for family law splits
Knowing how to report a transfer balance account event following a family law split can be unclear and there is the risk of completing the w
Approvals of diplomas, bridging courses by FASEA at a standstill
The Financial Adviser Standards and Ethics Authority has provided an update about graduate diplomas and bridging courses, stating that no ap
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