Financial Services Archive

SMSF – Hypothetical Questions Accountants Ask

Every now and then I get a call from an accountant saying something like, “You audit over 70 of our SMSFs, but we have a problem with one fund.” ...

Are your tax research skills the best they can be?

Research skills are essential to acquiring the information you need to put your role into best effect, but is the time you’re investing into research as productive as it...

When thinking about tax – Look to your own structure!

For some time now the ATO have been reviewing professional practices.  Their concerns relate to the following broad areas:

  • Situations where an individual employee sets up an entity to hold...

Findings from the Accountancy Insurance Claims Department

The patterns of claims across the last financial year (2013-14) have overall followed suit to that of the earlier financial year (2012-13). Without an astute eye, many would assume...

How do I know if My Super Fund Audits are Done Properly

Yes, this is a question for firms undertaking the administration of superannuation funds. It should also be a question asked by Fund Trustees. Agreed, sometimes the price is no...

Some Activities Included In an Offer of CFO Services

The firms, which are offering Chief Financial Officer (CFO) services to their clients, are doing so, based on market feedback from surveys conducted by companies such as CCH, MYOB,...

Accountants reveal top 5 EOFY mistakes by SMEs

The end of financial year (EOFY) is just around the corner and Australia’s EOFY experts have revealed the most common slip-ups SME clients make around this crucial time of...

RatesMate ~ A Quick Reference Technical Library ~

Handy links from RatesMate – www.ratesmate.com.au

Medicare Levy Charges for 2013/2014

 

Accountants need to consider advice options around SMSF

Accountants providing advice on the establishment of self-managed superannuation funds (SMSF) should not automatically consider becoming licensed as the solution to the end of the exemption in 2016.

Securitor Offer...

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...
Saul SMSF

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...

Show Buttons
Hide Buttons