Contentious new SMSF audit plans hit the market

Contentious new SMSF audit plans hit the market

A paper released by Treasury last week said transitional arrangements may be needed to “assist the SMSF audit industry to adjust to changes to workflow associated with SMSFs transitioning to three-yearly audit cycles.One of the transitional arrangements suggested in...
Accountants lament piecemeal approach to GST changes

Accountants lament piecemeal approach to GST changes

Yesterday, Treasurer Scott Morrison outlined major changes to GST distribution among the states, including a government-funded top-up.Planned to launch in 2019-20, the proposal will see the federal government top up more than $7 billion over the next 10 years in a bid...
Consultant notes key shortcuts to better productivity

Consultant notes key shortcuts to better productivity

Smithink director David Smith advised firm owners to hold training sessions for their team around the use of shortcut keys and pointing out when they should be using them.“Let’s assume you’ve got five people in your firm producing on average $100,000 in fees each. If...