SMSF
‘Glib responses’: Treasury audit framework slammed Concerns from the industry over the government’s plan to introduce a three-year audit cycle for SMSFs are “falling on deaf ears”, says one association body. ...
Wealthy clients turn on SMSFs in latest sentiment survey Industry super funds are gaining ground on satisfaction compared with SMSFs, including for those clients with high balances, according to the latest Roy Morgan survey. ...
ACCC finds SMSF, property clients captured by scams Clients using their SMSF to invest in property have fallen victim to an “awful lot” of scams in 2018, according to the Australian Competition and Consumer Commission....
SMSF clients take a hit as more lenders exit A further two banks have announced they will no longer be offering loans to SMSFs, bringing the number of lenders leaving the SMSF lending space to four in the past week....
Lesson in liability as auditor cops it for client’s losses An accountant who audited his client’s SMSF and was held responsible for losses incurred serves as a warning of the liabilities a court will hold professionals to regar...
Popular SMSF lender axes offer while another ups rates St.George Bank is set to drop its popular SMSF loans package, while Macquarie has announced a rate hike for its suite. Write comment (0 Comments) ...
Conveyancing changes impact SMSF clients’ admin Accountants should take note of new electronic conveyancing rules which apply to standalone transfers, as they are expected to also affect the administration of SMSFs. ...
Treasury floats clients self-assessing for audit Under a model Treasury is seeking industry feedback on, SMSF clients could self-assess their eligibility for an audit. Write comment (3 Comments) ...
New law makes way for huge auditor fee hikes Legislation which allows ASIC to set SMSF auditor fees has just passed both houses, making way for a possible 18-fold increase in fees. Write comment (0 Commen...
Expert technical tips: Last-minute SMSF considerations With only days left to the end of the financial year, technical experts Australia-wide have highlighted critical action points for SMSF clients around contributions, pens...
EOFY deadline hitting wealthy clients hard in 2018 Lodgment numbers for SMSFs are lagging just days out from EOFY, and it's those with higher balances who are struggling the most to get over the line. Write comm...
Rounding error spied in super software Mid-tier firm BDO is finding rounding errors with some accounting software which is adding small amounts to clients’ superannuation transfer balance accounts. W...
