Financial Services Archive

Mid-Year Economic and Fiscal Outlook 2018–19 [MYEFO]

On 17 December 2018, the Government released the Mid-Year Economic and Fiscal Outlook 2018–19 (MYEFO). The MYEFO provides updated information on the Government’s fiscal position and includes policy...

Keeping it clean – Tranche 2 Reform Update

Money laundering is big business, with an estimated $15 billion laundered annually in Australia. When coupled with the impression of respectability, legitimacy and credibility, the gatekeeper role played by...

Class announces integration with XPLAN, delivering a shared single view of wealth for advisers, accountants and their clients

Thursday, 22 November 2018 –  Class has announced a significant new data feed integration with XPLAN, the leading financial planning software for financial advisers.

The Class to XPLAN data feed enables...

Technology and the Future of Audits

The emergence of new audit technology has had an enormous impact on the audit profession. Machine-learning based tools can rapidly analyse hundreds of documents and identify key areas of...

They’re Reliable, They’re High Margin!

They’re reliable, they’re high margin, they usually pay on time and, they always need your advice.

I’m talking about your medium-sized business clients.

For many accountants, these are the 20% of...

Some movement on Div 7A … at last!

On 22 October 2018, the Treasury released a consultation paper titled Targeted amendments to the Division 7A integrity rules. The paper sets out the Government’s proposed implementation of...

3 Ways The Digital Economy Will Affect The Way You Work

As more transactions take place entirely online, how can you make sure your firm is staying up to date?

Accounting technology has come a long way over the last 10...

SMSF and Litigation – Who’s to blame if something goes wrong?

Unfortunately, many things can go wrong with an SMSF and if something does go wrong where does the liability lie? Who might be pulled in to a lawsuit?

If the...

Certainty at last for Base rate entities … or not?

Background

After a long period of uncertainty, and in the midst of the recent Liberal Party leadership spill, the Senate on 23 August 2018 unexpectedly passed without amendment the

SMSF Industry Summary Report – Proposed 3 Year SMSF Audit Cycle

Saul SMSF recently conducted a survey to understand the impact of the Federal Government’s proposed three-yearly audit cycle for SMSFs.

260 survey respondents answered 30 questions and submitted over 1,700...

The Value of Internal Audits

It’s quite evident that clients often don’t see real value in audit services. They’re often regarded as a necessary cost without much real value. Auditors often struggle to communicate...

So, you’ve been targeted by the ATO for a tax audit

Can you – or your clients – afford to be audited? We find out why it pays to be prepared.

It’s the letter or phone call you may not want...

Crowd Sourced Funding Amendments Create Opportunities for Accountants!

If you want your accountancy firm to “stay ahead of the game” and offer a wide range of solutions for your clients – The Australian government has delivered a...

Tax Fundamentals: What advice can I rely on?

In 2015, the Government released its tax White paper titled ‘Re:think Tax discussion paper’. As part of the discussion on complexity, the paper noted:

In the 1950s...

What’s your opinion on a 3 year SMSF audit cycle?

The 2018 Federal Budget proposed the SMSF audit cycle be extended to 3 years for funds with good compliance history, starting from 1 July 2019. Treasury has asked for...

Class – Impact of Super Reforms shows tectonic shift in assets, with taxable SMSF assets almost doubling to $422bn

Wednesday, 1 August 2018 

The latest Class SMSF Benchmark Report has exposed the real impact of Super Reforms on pension assets, with the dual forces of TRIS change and introduction...

Show Buttons
Hide Buttons