Diversifying Accountancy Services – Why? The survey undertaken by Accounting Market Pulse in May 2021 indicated that only 5% of the accounting firms that were surveyed reported that they “will not be diversifying services in the next few years”. This is exciting news...
Financial Services
Financial advice including wealth creation, insurance and lending services
SMSF and Litigation – Who’s to blame if something goes wrong?
by David Saul | Oct 25, 2018 | Financial Services
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 proposed 3 year audit cycle goes ahead, we may be seeing more litigation cases involving SMSFs. Saul SMSF has...
Certainty at last for Base rate entities … or not?
by Robyn Jacobson | Oct 14, 2018 | Financial Services
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 Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2018 (‘the BRE...
SMSF Industry Summary Report – Proposed 3 Year SMSF Audit Cycle
by David Saul | Sep 19, 2018 | Financial Services
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 comments. The results revealed that: • 93% do not support the...
The Value of Internal Audits
by Steven Watson | Sep 19, 2018 | Financial Services
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 to clients the real value of these services and, as a result, clients often...
So, you’ve been targeted by the ATO for a tax audit
by Roman Kaczynski | Sep 18, 2018 | Financial Services
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 to receive: a client, or even your own accounting practice, is being targeted for a tax audit. For Simon Flowers FCPA, a principal...
Crowd Sourced Funding Amendments Create Opportunities for Accountants!
by Peter Towers | Sep 16, 2018 | Financial Services
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 “solution” with the amendments to the Crowd Sourced Funding Legislation, which enables private companies to...