There is a misconception that reversionary pension documentation will always apply before a binding death benefit nomination. If the SMSF deed is silent on the question, it can be entirely possible at times that the binding death benefit nomination (BDBN) will apply before any reversion pension documentation.
Perceptions of distrust and low value continue to exist among SMSF clients when it comes to comprehensive financial advice, fuelling concerns among accountants that their trustee clients may be missing out on key information relevant to running their SMSF, according to new BGL research.
Training team members on the importance of cyber security is more critical than ever as the human factor now accounts for one in three breaches, says the Office of the Australian Information Commissioner.
Recognising the impact mental health hardships are having on the small business community, Beyond Blue has created a guide designed for accountants, bookkeepers, tax agents, industry associations, family and friends, with practical tips about how to provide support.
Assistant Treasurer Michael Sukkar has called on the ATO to show more gratitude towards accountants who do a lot of heavy lifting on behalf of their clients.
Small businesses, including accounting practices, will fall behind on service quality and profitability if they fail to utilise technology in their business, says a panel of industry leaders.
A green paper entitled Options for an Improved and Integrated System of Retirement has been released by the Actuaries Institute.
It seems to be “the week of making stuff up”.
Ron Lesh FCA is both an accountant and computer science graduate, and his BGL software has ridden tech advances since 1983.
BGL would like to see all accountants provide a response to the “Review of the Tax Practitioners Board Discussion Paper July 2019”. Option 7 in Section 10.14 of the report would effectively bring back the Accountant’s Exemption.
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