A change in the 2019 tax return means that SMSFs who want to make a personal super contribution and claim the deduction will need to plan ahead, especially where they plan to start a pension shortly after, says a technical expert.
Accountants and financial planners have been called upon to be more vocal in their promotion of SMSFs, with one expert pointing to the opportunity they have been given as a result of the outcome of the recent federal election.
More advisers are seeking courses in data science or technology as automation and big data plays a larger role in the advice space, says one education provider.
While the annual tax return for 2019 does not contain as many adjustments as the one last year, an SMSF software firm has flagged some of the key changes, including new requirements to report bank account details and information relating to loans.
The former CEO of Covey Leadership Center has outlined why facilitating trust amongst staff is integral to the health and wellbeing of individuals within the workplace.
A major new report into the future of robotics in the workplace have been released, outlining what role automation will play in the future of Australian jobs.
With different administration software providers each issuing their own member codes and identifiers, the ATO may have difficulty matching separate events where an event is cancelled, a software firm warns.
Advisers struggling to get a contribution into an SMSF ahead of 30 June should consider the use of a promissory note (PN) to avoid funds being held over until the new financial year, according to an SMSF strategist.
While the taxpayers who incorrectly received excess determinations for non-concessional contributions have been given an extension for their election due date, some of these clients had already paid for advice to deal with the determination, says an industry law firm.
BGL is proud to announce the release of its Simple Fund 360 2019 Tax Time software to clients. The new software includes the 2019 SMSF Annual Tax Return, all the required supporting schedules and electronic lodgement through the ATO’s Practitioner Lodgement System (PLS).