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Your clients, as Trustees, either individual or corporate trustees, since 1 July 2007 have declared to the ATO https://www.ato.gov.au/uploadedFiles/Content/SPR/Forms/Trustee%20declaration_SPR_n71089_19272.pdf I am responsible for ensuring that the fund complies with the Superannuation Industry (Supervision) Act 1993 (SISA) and other relevant legislation. The Commissioner of Taxation (the Commissioner) has the authority and responsibility for administering the legislation and...
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Having a challenge in maximising the balance in your clients SMSF? Handicapped by the reduced contribution caps, consider a loan of your client non smsf assets into the SMSF. Is a LRBA structure suitable for your clients? To establish a LRBA for your clients SMSF, an Accountant is required to make a recommendation that it...
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To establish a pension for your clients, an Accountant is required to make a recommendation that it is in the clients best interest, supported by a Statement of Advice.  SMSF Works has released a “is pension right for your client analytic tool”.  The analytic tool takes into account your clients personal circumstances in assessing and...
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To establish a SMSF for your clients, an Accountant is required to make a recommendation that it is in the clients best interest, supported by a Statement of Advice.  SMSF Works has released a “is an SMSF right for your client analytic tool”.  The analytic tool takes into account your clients personal circumstances in assessing...
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The SMSF Documentation and administration industry is becoming more regulated, the reliance on the Accountants Exemption has been removed from 1 July 2016.  A key focus is from ASIC in providing advice and ATO on compliance for both Trustees and Auditors. Accountants continue to be exempt to provide Business Advice 7.1.29 (3)(c) and Taxation Advice...
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