The ATO has announced its willingness to help practitioners and their SMSF clients comply with the new non-concessional contributions cap limits.
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A recent straw poll indicates that over three-quarters of SMSF professionals would like to see the accountants’ exemption restored, either in part or in full.
The SMSF Party, launched by I Love SMSF chief executive Grant Abbott, is intended to influence policies at the executive and legislative branches of government.
While some have welcomed the Productivity Commission’s proposal of a $500,000 minimum suggested balance amount for SMSFs as a positive, others in the industry are less sure.
The benefit of hindsight is a wonderful thing, in particular when it came to the way many practitioners dealt with the payment of income streams for their SMSF clients…
Remember the 1980s. Greed was good. Until Paul Keating killed it – it was the era of the long lunch. Technology’s relentless march gained momentum with computerised tax returns and other marvels changing the accounting industry forever…
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