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Looming election ‘heads I lose, tails I lose’ for SMSFs

by Shared by SMSF Adviser | Jun 28, 2016 | News

Instreet Investment managing director George Lucas said irrespective of which major party wins the election this weekend, both will be using superannuation tax concessions as a federal budget booster.Read the full story at SMSF Adviser.

ASIC tipped to ‘make example’ of accountants

by Shared by SMSF Adviser | Jun 27, 2016 | News

All accountants, including those choosing not to become licensed under the AFSL regime, need to have a “very good understanding” of what constitutes financial product advice under theCorporations Act, solicitor at The Fold Legal, Jaime Lumsden Kelly, told...

‘Critical’ EOFY strategies often overlooked

by Shared by SMSF Adviser | Jun 20, 2016 | News

Speaking to SMSF Adviser, Colin Lewis, senior manager for strategic advice at Perpetual, noted that in the “last-minute rush” of end of financial year, he observes the same mistakes and missed opportunities year in and year out.Read the full story at SMSF...

Big four firm warns on rising SMSF fraud threats

by Shared by SMSF Adviser | Jun 17, 2016 | News

Research from KPMG showed that for the period September 2015 to March 2016, 116 frauds occurred, with a value of $381.1 million – an average value per fraud of $3.3 million. Read the full story at SMSF Adviser.

SMSFs warned on recurring, increasing GST breaches

by Shared by SMSF Adviser | Jun 16, 2016 | News

Speaking to SMSF Adviser, SuperAuditors director Shelley Banton said she has observed SMSF practitioners and auditors are being increasingly caught out with compliance issues where they are rushing the process of checking over the purchase contract of a commercial...
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