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Showing 1381 - 1390 of 1391 results for "SMSFS"

ASIC to scrutinise accountants' SMSF advice

... been advised to set up a SMSF. The generally accepted threshold for this course of action to be effective is $200,000 and SMSFs with balances below this amount will be closely examined. ASIC also plans to crack down on accountants who give product advice ...

ATO relaxes SMSF reporting requirements

... formal record of this decision must be kept. The ATO's decision has no impact on the financial reporting obligations of SMSFs, and as such all financial transactions for the fund must be noted properly in the fund's accounting records. The auditors of ...

Millennium boosted by three-way merger

... an area requiring closer attention. To this end it will provide a newly formed division that will specialise in servicing SMSFs. In addition to the new division the WLM Group will offer tax, audit, financial planning, investment, insurance, and superannuation ...

AMP Capital sizes-up SMSFs

... director Mark Johnston says. According to Johnston there has been little reliable information to date on the composition of SMSFs and how SMSF trustees make investment decisions. "This research was designed to provide a detailed look into the mind of ...

Specialist training courses now available for SMSFs

... providing advice about SMFSs must have completed an approved Tier 1 course on superannuation. Completing an additional course on SMSFs is not a mandatory requirement but the regulator strongly encourages advisers to do so. Johnston says, "The addition ...

7.5% of super assets likely to move due to choice

... movement of the $648.9 billion of superannuation assets over time. According to the data self-managed superannuation funds (SMSFs) appear to be the most popular type of arrangement to which people will switch, with retail funds likely to lose the most ...

ATO cracks down on SMSFs

... Taxation Office (ATO) has served notice it will be taking a hard line against non-complying self-managed superannuation funds (SMSFs) and is in the process of formulating a three-step process to help determine which SMSFs to audit. As SMSFs continue ...

CPA Australia welcomes FSRA allowances

... recognised accountants would be permitted to advise clients on whether to buy into or sell out of self-managed super funds (SMSFs). "It ensures that advice on the establishment of an SMSF, which often forms a part of overall business arrangements, is ...

ATO to begin legal action against SMSFs

The Australian Taxation Office (ATO) plans to take legal action against self-managed superannuation funds, after audits revealed significant non-compliance. An examination of self-managed superannuation funds found 20 per cent were not properly audited ...

Self Managed Super Funds to grow 200% by 2010: TSG

... tomorrow tell the Queensland State Conference of the Financial Planning Association that this explosive predicted growth makes SMSFs the fastest growing sector in the industry. It also provides "a unique window of opportunity" in 2003 for advisers prepared ...