3 Reasons Why Advisers Should Remain Involved in a Client’s SMSF Admin
While most advisers attend to the investment needs of a client’s SMSF, only a few remain involved in the administration of their client’s SMSF. Without full visibility into SMSF accounting processes however, clients may be paying excess costs or missing opportunities for timely advice and the benefits therein. Many advisers don’t believe they have the […]
What Happens When you Google Your Business? Simple tips to build a free new-client-magnet.
As straightforward and simple as the following pointers may seem, these will help distinguish your financial services business from competitors and appeal to critical emerging markets. Our last article in the new Marketing Foundations Series highlighted the importance of trust when seeking to build business opportunities with new markets. Research has regularly demonstrated how often Aussies […]
SMSF News & Alerts: September 2021
Changes to Actuarial Certificate Requirement Laws have recently changed which means superannuation trustees no longer need to obtain an actuarial certificate when calculating exempt current pension income. Here’s an article with more detail on the changes to actuarial certificate requirements. SuperStream is Mandated for Rollovers as of October 1 2021 As of 1 October 2021, […]
Quick Tip From Intello – ABN/TFN Application
We have a bunch of experts in self-managed super at Intello. Here’s something worth consideration from someone regarding the setup process. When setting up a superfund, the ABN/TFN application can be delayed (sometimes greater than 28 days) if the member details haven’t been updated on their individual TFN. This will typically occur in the event […]
Want to Get More Done and Save your Most Precious Resource?
A “How To”: Timeboxing As your business grows, priorities change. According to IDC research, the smallest businesses initially focus on cash flow, revenue growth, and cost reduction. As organisations grow and become more complex, productivity becomes a much more critical priority. So, if you’re tired of that sense of lost productivity or time that is […]
Economic Shifts that Represent New Markets for Your Financial Firm.
When change accelerates, so does the need to adapt. Financial Services is one of those professions that has not only successfully weathered the COVID pandemic but seen demand increase. As we emerge from COVID’s immediate economic impacts and Boomers move into retirement, service needs will continue to change. Those organisations that respond to these changes […]
How Much Does it Cost to Wind Up a SMSF?
Once a fund has been wound up, it cannot be reactivated. It’s also important to follow critical steps in this checklist and the ATO’s winding up an SMSF Form. Your SMSF wind up checklist As stated by the ATO, the following tasks are required when winding up an SMSF: complete any requirements that the trust […]
July 28: TBAR Lodgment Due
The quarterly transfer balance account report (TBAR) for self-managed super funds (SMSFs) is due on 28 July 2021. You are required to lodge the TBAR on behalf of clients by this date if: a transfer balance account (TBA) event occurred in your client’s SMSF between 1 April and 30 June 2021, and any member of the SMSF has […]
What Auditors Want – Hear it Directly from an Auditor
Every year we get asked by advisers why our auditors ask for so much documentation relating to investment decisions or certain transactions within SMSF’s. As we prepare to enter a new financial year, we thought that it would be timely to understand some of the main issues our auditors look for when reviewing SMSF […]
ATO Lodgment To-Do’s for June 2021
Well! Almost the end of another financial year. Don’t miss these items and deadlines for you and your clients. 5 June Lodge tax return for all entities with a lodgment due date of 15 May 2021 if the tax return is not required earlier and both of the following criteria are met: non-taxable or a credit […]