Trust deed issue flagged with new accounting standard
Miranda Brownlee
SMSFs that are set up after 1 July or those intending to change their trust deed after this date will need to review certain clauses in thei
SMSFs that are set up after 1 July or those intending to change their trust deed after this date will need to review certain clauses in thei
The prudential regulator has beefed up the reporting requirements for funds in relation to intra-fund advice in order to assess the outcomes
The ATO has announced it will be writing to SMSF audit firms that prepare both the financial statements and audits for SMSFs to ensure they
The ATO has drafted additional instructions for SMSF auditors which provide guidance and examples on what types of COVID-19 relief may give
With the amendments to the bring-forward rule for over-65s failing to pass Parliament last week, clients turning 65 are now facing a conundr
Administrative penalties are set to rise next month in line with the consumer price index at a time when many cannot afford the current pena
As part of its review into the allocation of profits within professional firms, the ATO has flagged some concerns it has with certain arrang
The ATO will undertake a data-matching program to help identify anyone looking to exploit the COVID-19 measures including early access to su
Freshly released figures from the ATO have shown that it cost four times less to run an SMSF than an estimate released by ASIC last year.
The ATO will be reviewing its compliance approach regarding transfer balance account calculations for market-linked pensions after new laws
Superannuation funds have now paid out more than 2 million claims under the early superannuation release scheme, with the total reaching $15
The remaining sittings for the adviser exam this year will be held over five days in each of August, October and November, with around half
While the ATO has provided temporary relief for SMSFs that provide rent reductions to tenants, it is vital SMSFs obtain proper documentation
The financial wellbeing of self-funded retirees is under threat due to a number of systemic failures in Australia’s retirement system whic
With the current economic climate impacting retirement plans, some clients may be forced to place their own plans on hold in order to assist
Fresh guidance released by the Accounting Professional and Ethical Standards Board has clarified that firms undertaking both the accountin
With Treasury Laws Amendment (2019 Measures No. 3) Bill 2019 passing both houses this week, two technical anomalies relating to death bene
Only 10,000 advisers are expected remain in the industry by the end of 2021 as the financial planning sector grapples with the fallout of th
SMSF clients planning to make pension payments or contributions via electronic fund transfers will need to do so by Friday, 26Â June, to ens
With both houses of parliament finally passing the FASEA extension bill, advisers will now have additional time to meet exam and qualificati
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