Financial advice including wealth creation, insurance and lending services
Register for our upcoming webinar on the 19th August 2021, 12.00pm AEST As an accountant you know your clients need your trust and expertise when it comes to their mortgages, but you also know this is a highly regulated industry full of wonderful compliance and lender...
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...
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...
Some firms have anguished and resolved this issue. I suspect in days gone by, most accounting firms did some audit. Now, many small to medium firms don’t. Why? I recall Robert Gallagher, a practice consultant from Pittsburgh saying “Audit is the only work for which...
