The CommBank Accounting Market Pulse Report, released in early May, has identified that most accountants have resolved to offer a range of diversified services in 2021/22. Many firms will be giving consideration to the types of services that they will be offering to...
Financial Services
Financial advice including wealth creation, insurance and lending services
The CommBank Business Blog
by For Accountants | Jun 4, 2014 | Financial Services
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 subjects such as strategies for the end of financial year, finding great talent and...
Demystify your understanding of Audit Shield
by For Accountants | May 24, 2014 | Financial Services, Latest News
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 policy covers all audits, enquiries, investigations and reviews...
Why A Corporate Trustee Makes Sense
by For Accountants | May 19, 2014 | Financial Services
This question can be expected. It helps to have a prepared document setting out the Advantages and Disadvantages of each situation. The document can also explain the role of a Trustee of a SMSF. A document is so much easier to email, or hand across, then you can...
Should I transfer the family home?? Beware!!
by For Accountants | May 19, 2014 | Financial Services
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 less than market value who when they subsequently become bankrupt think that such...
Top 10 SMSF Compliance Tips
by For Accountants | Mar 14, 2014 | Financial Services, Latest News
Compliance is a vital part of running any SMSF. Here are some of my top tips to ensure you reduce your risks. Record - keeping – Make sure you keep proper records for at least 10 years. Lodge your annual return on time. ATO can apply fines and penalties apply from 1...
The SMSF Permanent File – What to Include
by For Accountants | Feb 17, 2014 | Financial Services
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 actually exists of the Permanent File. This can become quite time...