SMEs show support for voluntary payment code

The latest MYOB snapshot indicated that 72 per cent of small business owners supported the introduction of a voluntary payment code which would help reduce late customer payments.MYOB chief executive Tim Reed said it was unfair many small business owners are being...

ASIC further clarifies record-keeping obligations for advice

The corporate regulator announced that it has made an amendment to Class Order [CO 14/923] Record-keeping obligations for Australian financial services licensees when giving personal advice.The amendments to record-keeping obligations include that AFS licensees must...

Accountants told to review TIRS with clients

Heffron SMSF Solutions head of customer Meg Heffron said a transition to retirement pension converts into a normal pension as soon as the member meets a condition of release like retirement.“I bet there are still plenty of pensions around the country that are...