Changes to the calculation of exempt current pension income are now in effect for 2017–18 returns and will significantly impact actuarial certificate providers and their service partners.
There is only one reason accountants and others have corporate compliance software: To comply with the Corporations Law requirements!
SMSF service providers are anticipating a serious spike in late lodgers this year, as professionals push to prioritise pension accounts before critical CGT and TBAR deadlines.
Joseph Cheung, Lawyer and William Fettes, Senior Associate, DBA Lawyers
An individual’s total superannuation balance (‘TSB’) determines many of their superannuation rights, entitlements and obligations. Accordingly, there is a strong incentive for individuals to carefully monitor their TSB over time, particularly towards the end of a financial year (‘FY’) when most TSB thresholds are tested.
At times one shakes one’s head in amazement.
We at BGL think it is important software companies actually provide their clients with software. That is why our Team focused on providing our clients with the 2018 SMSF Annual Return and the complete TBAR system well ahead of time.