Financial advice including wealth creation, insurance and lending services
We’ve had to get used to working remotely, often at very short notice, and while no doubt your practice has been able to adapt to the changing work environment over the past year, what hasn’t changed is the myriad of channels you and your clients receive important ATO...
For most jobs, billing on completion will have a positive impact on cash flow because: The client can see that the invoice relates to the job presented; and The value can generally be reconciled to the job when both are presented at the same time. Compare that to the...
Considering 2014 was the year of the horse according to the Chinese zodiac, the Australian Taxation Office and the other revenue and collection agencies around Australia seemed to have backed 2014 to be a big winner for them. A summary review of last year’s claims...
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...
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...
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...
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...
