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FASEA, licensing weeding out good accountants, warns mid-tier

FASEA, licensing weeding out good accountants, warns mid-tier

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

Pitcher Partners managing partner for Newcastle Michael Minter said the removal of the accountants’ exemption happened at a time when demand for advice was increasing due to the super reforms, with clients requiring advice around pensions, contributions and tax...
More administrative hurdles flagged with work test exemption

More administrative hurdles flagged with work test exemption

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

In a submission to Treasury on the work test exemption for recent retirees, the Financial Services Council (FSC) said further consideration is required in relation to how funds and the ATO can deal with a contribution where a member genuinely believes that they were...
ASIC floats proposed changes for advice licensees

ASIC floats proposed changes for advice licensees

by Shared by SMSF Adviser | Nov 9, 2018 | News

ASIC released a consultation paper CP 305 Organisational competence requirements for advice licensees: Update to RG 105 this week, which proposes a new option for demonstrating the knowledge and skills of a responsible manager.Read the full article at SMSF...
Four-fifths of clients in the dark on estate planning and super

Four-fifths of clients in the dark on estate planning and super

by Shared by SMSF Adviser | Nov 5, 2018 | News

Pitcher Partners superannuation expert Tracey Norris said that estate planning, particularly in relation to superannuation, continues to be very complicated for a lot of clients, and that some haven’t even thought about it. Read the full article at SMSF...
Hundreds of SMSF ABNs cancelled following ATO surveillance

Hundreds of SMSF ABNs cancelled following ATO surveillance

by Shared by SMSF Adviser | Nov 2, 2018 | News

ATO assistant commissioner Dana Fleming said that as part of the ATO’s compliance program called “secure the front door”, the ATO applies an analytical model to all SMSFs at the time of set-up, which identifies whether there are any risks or red flags with the...
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