Lawyer flags issues with revised contribution proposals

The government announced last week that it has decided to drop the $500,000 lifetime cap and instead implement an annual non-concessional cap of $100,000 per financial year from 1 July 2017.DBA Lawyers director Daniel Butler said the government has mentioned there...

Smaller firms look to offshoring

Angela Vidler of from offshore recruitment company Diversify, and former head of people and development at PwC said 40 per cent of top accounting and law firms and 30 per cent of mid-tier firms are already offshoring. Deloitte has also conducted research she said that...

TTR pensions still attractive for clients, says advice firm

The budget proposed that, from 1 July 2017, earnings on assets that support a TTR strategy would have the same tax treatment as funds in the accumulation phase.While there will be a higher tax bill, there are other advantages for clients that accountants should be...

Retirement planning an opportunity for accountants

The BT Australian Financial Health Index has revealed that while 41 per cent of pre-retirees aged 55-64 think about the prospect of retirement either ‘often’ or ‘daily’, 58 per cent of Australians in this same age group reported thinking about retirement only...