From 1 July 2018, accountants with SMSF clients will be required to report events which impact on a member’s $1.6 million transfer balance account in real time.
Read the full article on Accountants Daily.
ATO reporting change set to alter client, accountant dynamic
A looming new reporting requirement for wealthy clients will see a spike in how often accountants, tax agents and their clients need to interact, according to the ATO.
