Every accountant knows that reviews or audits of your client’s tax returns or financial compliance obligations can sometimes be unavoidable. When an audit hits, this is rarely a reflection of the work put into preparing the return and is more often due to a specific...
Financial Services
Financial advice including wealth creation, insurance and lending services
SMSF – The Complications that Occur
by For Accountants | Nov 5, 2014 | Financial Services
It's interesting, with a percentage of Funds, certain complications occur and reoccur. I would have expected by now people would be aware of these issues. Beneficiaries Living Overseas The rules are clear, if beneficiaries of a fund are residing overseas, then they...
SMSF Limited Recourse Borrowing Arrangements
by For Accountants | Oct 31, 2014 | Featured Articles, Financial Services
A few of our clients have been asking recently about recourse borrowing arrangements, in particular, how they work and what the benefits and drawbacks of using them are. We've gathered together some information to help navigate through this potentially tricky area....
What Happens When a Client Complains About the SMSF Audit Fee
by For Accountants | Oct 2, 2014 | Financial Services
I have been asked about my reaction when a client (or referring accounting firm) complains about my proposed audit fee. I Get Cross I expect like most, my initial reaction is to be annoyed. “Here we go again.” I consider with my special processes, IT tools and...
4 Ways to Minimise Your SMSF Audit Fees
by For Accountants | Oct 2, 2014 | Financial Services
Your clients, the Trustees of SMSF Funds, expect you to get them a good deal on the fee for auditing their superfund while also ensuring their fund is audited properly. How do you balance these demands to get the job done properly and at the right price? It all comes...
Collectible Assets in a Fund
by For Accountants | Sep 10, 2014 | Financial Services
Accountants sometimes laugh about the assets they see in client Superannuation Funds. On the other side, maybe some clients like to brag about what they have put in their Funds. If the Fund is a complying SMSF, great care must be taken with any unusual asset. SMSF...
Introducing PI Shield
by For Accountants | Sep 5, 2014 | Financial Services
Accountancy Insurance is excited to announce the new partnership with Acerta and the launch of our new offering, PI Shield. We will now be aligned with a market leader in professional insurance which will re-define the level of service, quality of cover and...