Financial Services Archive

The CommBank Business Blog

The CAN Business blog site contains a spectrum of information for small business clients and prospects. It gives clients instant access to useful information on topical business...

Demystify your understanding of Audit Shield

Sometimes we hear a few misconceptions about the tax audit insurance offering, Audit Shield.
Here are a few common myths and explanations.

Myth 1: “Audit Shield only covers audits”

The comprehensive...

Why A Corporate Trustee Makes Sense

This question can be expected. Read more on Why A Corporate Trustee Makes Sense…

Should I transfer the family home?? Beware!!

We are continually surprised by individuals who transfer ownership of their property (usually the family home) to a co-owner or family member for no consideration or for consideration of...

Top 10 SMSF Compliance Tips

Compliance is a vital part of running any SMSF.

Here are some of my top tips to ensure you reduce your risks.

  1. Record – keeping – Make sure you keep proper records...

The SMSF Permanent File – What to Include

Interestingly, some SMSFs have good and detailed annual accounting records, but their Permanent File is almost non-existent or quite often incomplete.  Then it becomes necessary to track down what...

To Audit or Not, That Is the Question: Making Audit Profitable

Some firms have anguished and resolved this issue.  I suspect in days gone by, most accounting firms did some audit.  Now, many small to medium firms don’t.  Why?

I recall...

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