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SMSF spruiker found guilty of defrauding over $345k A Queensland-based businessman has been found guilty of defrauding more than $345,000 from self-managed super fund investors. ...
Red flags raised with wholesale clients and FASEA ethics code SMSF professionals will need to carefully consider which clients they categorise as wholesale clients following the release of FASEA’s draft Code of Ethics guide, even ...
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SMSFA calls to reinstate higher contribution cap for over 50s The SMSF Association has called for the reinstatement of the $35,000 concessional contributions cap for over 50s, arguing that the current $25,000 cap restricts fund memb...
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Victoria grants tax and stamp duty relief post-bushfire crisis The Victorian government’s provision of tax relief for people directly impacted by bushfires has been welcomed. ...
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1 in 3 Victorian workers affected by unpaid super A superannuation group has flagged how more than 800,000 Victorians — or one in three workers — have not received their legal super entitlement, with the value each y...
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Advisers must prepare for TBC indexation SMSF advisers should be prepared for the possibility of the transfer balance cap being indexed at the beginning of the 2021 financial year, according to Accurium. ...
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Greenwoods elevates 9 in New Year promotions Specialist tax advisory firm Greenwoods & Herbert Smith Freehills has promoted nine of its staff, including one to a partner position. ...
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IPA warns SG amnesty could be blocked by opposition The Institute of Public Accountants has warned that the government’s proposed super guarantee amnesty could still be blocked by the opposition, as public debate around ...
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FASEA recognises financial planner designation as accountants made to wait Members of professional accounting bodies will have to wait and see if their designations will be recognised by FASEA as the authority moves to recognise a financial plan...
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‘Same hours as a doctor’: mandatory CPD proposal slammed The proposed minimum CPD requirements under incoming federal government standards are “completely over the top” and will see licensed accountants forced to dedicate 5...
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New STP dates confirmed as ATO goes on compliance blitz The government has confirmed that the Single Touch Payroll will now roll over to small businesses with less than 20 employees, as it seeks to up its efforts to monitor em...
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Key acquisitions boosts firm’s financial year results Prime Financial Group Ltd’s focus on acquisitions has delivered a 30 per cent profit for the FY16/17, with accounting firms proving particularly lucrative. ...
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ASIC to eye big 4 in win for SME clients ASIC has confirmed it will work in line with the Australian Small Business and Family Enterprise Ombudsman to monitor the big four banks’ agreement to eliminate unfair ...
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Major uni, mid-tier reacts to 'disappearing' roles Shifting client expectations and market demand have prompted a prominent firm to assign graduates to more “interpersonal” roles, which Australian universities and acc...
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60% of SMSF trustees eyeing advice from their tax accountants In new research from Investment Trends, 60 per cent of SMSF trustees using an accountant for tax purposes would use them for investment advice, but are facing barriers wi...
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Accounting network locks in agreement on SMSF front One national accounting network has moved to solidify its relationship with a prominent, cloud-based SMSF software provider. ...
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Big 4 firms find banks facing 'inherent tension' Two of the big four accounting firms have analysed the 2017 half-year results of Australia’s major banks, revealing the need for the banks to continue to reshape their ...
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CPA rebel members launch new offensive A group of CPA members have put an official request to the association to disclose the remuneration paid to each of the directors of CPA Australia and its subsidiaries. ...
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Financial planning bodies blasted over TPB moves One consultant has hit out at two financial planning bodies as he sees members unnecessarily joining the Tax Practitioners Board.  ...
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‘Unannounced’ visits for ATO in pre-insolvency investigation The ATO is continuing its crackdown on illegal phoenix activity, with 80 officers conducting unannounced visits on two sites across Victoria, following 13 visits last Aug...
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