State of the (accounting) nation, and its future

  Earlier this year, NAB Professional Services published the first in a series of studies, labelled “Key Insights”, each of which is to focus on a different section of the professional services sector. Its inaugural report was on the Australian accounting industry, with the study providing an overview and analysis of the accounting industry as

[ Read More ]

How much do we need to put aside for retirement?

  How much do you need to retire? When it comes to superannuation and retirement savings, it seems that size really does matter. There are other considerations of course, but for the most part the focus will be on finances when people aim to “improve” their post-work life prospects. The question of how much retirement

[ Read More ]

Problem with over-withdrawing a TRIS, and the solution

  Peter Johnson, director of the national network of AFSL-licenced specialists The SMSF Expert, answers a question regarding a fund member with a TRIS that has drawn more than the 10% cap.   Problem with over-withdrawing a TRIS, and the solution Problem with over-withdrawing a TRIS, and the solution Problem with over-withdrawing a TRIS, and the

[ Read More ]

Upcoming ATO open forums for practitioners

  As part of its ongoing engagement with tax practitioners, the ATO has announced some upcoming ATO open forums for practitioners. It will again be holding these open forums in a range of locations across Australia between September and December 2018. Open forums are an opportunity for tax practitioners to have an open two-way dialogue

[ Read More ]