by mbrownlee | Aug 29, 2016 | News
Ombudsman Allison Maynard said accountants need to consider the cost and administration requirements of an SMSF and to weigh those up against the benefits to the client of having an SMSF fund.“We often see disputes where the balance that’s being transferred into an...
by mbrownlee | Aug 23, 2016 | News
DBA Lawyers director Daniel Butler said from mid-2007 to May 2016 many taxpayers had to make a choice on whether to claim the CGT cap or the non-concessional contribution cap.“The non-concessional cap used to get refreshed every 3 years, so many taxpayers who wanted...
by mbrownlee | Aug 10, 2016 | News
ATO assistant commissioner Scott Parkinson said the ATO wants to increase the information it has on the marketplace to target this type of activity, and said the private sector is a vital part of this.“We’ve got very robust sources of data in phoenix that not only...
by mbrownlee | Aug 8, 2016 | News
Perpetual general manager of professionals Nathan Jacobsen says it is difficult for unlicensed accountants to adjust to the removal of the accountant’s exemption, given superannuation has always been a core element of tax structuring advice.“One of the biggest hurdles...
by mbrownlee | Aug 1, 2016 | News
DBA Lawyers director Daniel Butler said where an accountant provides a product disclosure statement in respect of an SMSF to the client for an execution only service they need to ensure the client doesn’t perceive this at the accountant providing financial...
