We’ve done it again! Evolv is thrilled to announce that, for the second time in a row, we have been nominated for the 2016 CoreData SMSF Service Provider Awards in the category of SMSF Auditor. Recognising the best service providers in the self-managed superannuation fund industry, the Evolv team [...]
There is a common misconception that where acquiring units in a related, “pre 1999 trust”, the rules contained in SIS Regulation 13.22C are applied to the new units at the time of acquisition. SIS Regulation 13.22C sets out strict criteria to be met in order for a related party [...]
The 2016 Australia Budget is out, take a look at how the changes on SMSF industry can affect your clients. These reports are now historical but available for reference purposes.
On 16 December 2015 the ATO released their latest SMSF statistics, the Annual Self-Managed Superannuation Funds: A Statistical Overview 2013-14 and the September 2015 edition of the quarterly Self-Managed Superannuation Funds Statistical Report . ATO Assistant Commissioner Kasey Macfarlane provided commentary on the increase in numbers of funds and [...]
Given our superannuation becomes increasingly valuable as we grow older, SMSF financial decisions should consider how to ensure it is managed in our best interests sooner, rather than maybe before it’s too late? Arthur Favos, Head of Superannuation at Evolv, joins the conversation in the sensitive issue regarding ageing [...]
Take a look at our managing director Ron Phipps-Ellis' article in this month's Self Managed Super Magazine. Ron talks about how technological innovation is creating the SMSF audit revolution, how SMSF Audits are performed and the value they may add in the future. Trustees of SMSFs appoint an Australian [...]
ASIC has this morning released new guidance on SMSF advice, which deals in part with ASIC’s views on starting balances for SMSFs. Read More >> Source: SMSF Advisor Online
The Tax Office has warned of increased scrutiny of self-managed super funds and their auditors as it gears up to impose penalties of up to $10,200 on funds found breaking the law from July. Tax Office assistant commissioner for superannuation Matthew Bambrick said among the methods they will use [...]
This guide is intended to provide a clear indication of the conceptual approach set out in Sections 290 and 291 of APES 110 Code of Ethics for Professional Accountants. It provides practical examples of independence issues encountered by accountants and auditors. The guide is designed for members in public [...]
Outline of the new SMSF auditing regime commencing on 1 July 2013. Registration will commence from 31 January 2013. SMSF Auditors will be required to be registered from 1 July 2013 in order to conduct SMSF audits after that date. The registration regime applies to all SMSF auditors subject [...]