With a new financial year kicked off in Australia it is not too late to plan for the year ahead if you’ve not done so already. Here are my suggestions to make FY22 a great year. (Re)articulate your values Get clear on your mission Get clear on your vision Have a...
Financial Services
Financial advice including wealth creation, insurance and lending services
The Way Forward With SMSFs
by Dale Crosby | Apr 8, 2015 | Financial Services
The FOFA reforms that will apply from 1st July 2016 provide new opportunities, and challenges, for both accountants and financial advisers seeking to develop their SMSF advisory platform. The new limited AFS License will allow accountants and advisers to provide...
The Growing Demand For International Assets
by For Accountants | Mar 9, 2015 | Financial Services, Latest News
Investors are rediscovering the importance of diversification to balance investment risks and take advantage of strong international growth opportunities. After the onslaught of the Global Financial Crisis in 2007-2008, Australian investors turned their back on...
Three Powerful Days at the SMSF Association (formerly SPAA) Conference February 2015
by David Saul | Mar 3, 2015 | Financial Services, Latest News
After three days in Melbourne with a focus on SMSF, listening to industry speakers and the ATO, here is some of what I have noted. It’s going to get tougher Previously, I could not understand why the ATO had not followed up on some of the failures by professionals...
SMSFs and the pitfalls of non-arms length dealings with unit trusts
by Darren Wynen | Mar 3, 2015 | Financial Services, Latest News
Many SMSF clients have invested in private unit trusts – such as pre-August 1999 trusts, ‘unrelated’ unit trusts or non-geared unit trusts that meet specific legislative requirements. In this article, I discuss how the ATO’s views on non-arm’s length income could...
SMSF, Protecting Clients and Staying Under the ATO Radar – Part I
by David Saul | Feb 3, 2015 | Financial Services
I have been asked, if you had a general accounting practice and clients with SMSF (for whom you did the administration) what special work would you do for them? In particular, based on what you have seen, what would you do to help your clients protect their SMSF and...
Risk Management For Accountants
by For Accountants | Feb 3, 2015 | Featured Articles, Financial Services
The reality of this day and age is that anyone providing professional advice, no matter how experienced they are, is at risk of being sued for negligence or breach of professional duty (duty of care). Receiving notification alleging that an act of negligence or an...