The number of SMSF clients is one of the key factors determining whether SMSF services are successful and profitable, and a new report looks to pinpoint that figure for accounting firms.
Podcast host Jorge Tsipos sits down with a Principal of the SMSF division of Sinclair Wilson in Warranambool – Wayne Promnitz to discuss the adoption of Self-Managed Super Funds in farming communities, estate-planning as it relates to SMSF and how tax really is emotionless.
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By Christian Pakpahan, Lawyer and Daniel Butler, Director, DBA Lawyers
On 24 May 2018, the government announced a 12 month superannuation guarantee (‘SG’) amnesty (‘Amnesty’) that proposes to give employers an opportunity to rectify past SG non-compliance without penalty. If the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 (‘SG Bill’) is ever made law, the Amnesty period will apply from 24 May 2018 and run for a 12 month period to 23 May 2019.
Over the past 10 years, the number of media outlets and mask-heads covering accounting and SMSFs has skyrocketed. And don’t get me wrong, I do not see anything wrong with this. I think it is great our industry is getting recognition for the contribution it makes to the financial health of the community.