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Next steps locked in for early super release reform

Next steps locked in for early super release reform

by Shared by SMSF Adviser | Jun 13, 2018 | News

The responsibility will be transferred from the Department of Human Services (DHS), with a short transitional period to process existing applications.Read the full article at SMSF Adviser.
‘Little known’ 2019 deadline tipped to hit SMSF accountants

‘Little known’ 2019 deadline tipped to hit SMSF accountants

by Shared by SMSF Adviser | Jun 12, 2018 | News

To qualify for the transitional arrangements under guidance set by the Financial Adviser Standards and Ethics Authority (FASEA), accountants must be authorised under an AFSL by January next year.Read the full article at SMSF Adviser.
Liability risk for tax agents posed in new audit cycle

Liability risk for tax agents posed in new audit cycle

by Shared by SMSF Adviser | Jun 8, 2018 | News

Merit Wealth accountants services director David Moss said that while extending the annual audit to three years is unlikely to have much impact on accountants who put together the accounts for an SMSF, for those who also prepare the tax return, there could be some...
‘Welcome surprise’ for accountants in fresh super changes

‘Welcome surprise’ for accountants in fresh super changes

by Shared by SMSF Adviser | Jun 6, 2018 | News

Up until Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 was introduced into Parliament late last month, DBA Lawyers director Daniel Butler said there has been a lack of guidance in regards to whether an accountant doing the books of account for...
’Light bulbs going off’ with member extension says ATO

’Light bulbs going off’ with member extension says ATO

by Shared by SMSF Adviser | May 31, 2018 | News

ATO acting assistant commissioner Tara McLachlan said while the ATO is still awaiting further details on the government’s proposal to increase the number of members permitted in an SMSF, it’s clear that it could lead to additional complexity for some SMSF members.Read...
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