Why the business of SMSFs needs yearly audits

Why the business of SMSFs needs yearly audits

The government decided that well-behaved trustees should be rewarded, and the reward they decided upon was to alter the requirement to have an audit done annually. This reward, if taken up by the trustee, will see the fund having those annual audits done every three...
Employee catch-ups a mental health factor in accounting

Employee catch-ups a mental health factor in accounting

Speaking to Public Accountant, Sky Accountants chief executive Jamie Johns said that, in terms of providing support for employees in terms of their mental health, one of the most important things for partners and managers to do is to have monthly catch ups with their...
Accounting technology in focus amid Superstream proposal

Accounting technology in focus amid Superstream proposal

Minister for Revenue and Financial Services Kelly O’Dwyer said in a statement that the reform will allow SMSF members to initiate and receive rollovers electronically between an APRA fund and their SMSF.The regulations will apply to SuperStream rollovers to or from an...
Small businesses given hotline to report phoenix activity

Small businesses given hotline to report phoenix activity

Minister for Revenue and Financial Services Kelly O’Dwyer said small businesses can confidentially provide information or report their concerns about possible phoenix behaviour either by calling the Phoenix Hotline or online through the Australian Taxation Office...