Peter Johnson, SMSF Services Director at Acis, analyses SMSF changes from the 2017 and 2018 budgets, highlights the potential impacts for your clients, and provides strategies to cope with the changes.
The team at Acis welcomes you to join us at our first Tax Events seminar series for 2018. Held in conjunction with Redchip, this series will highlight some of the key decisions throughout the lifecycle of a business.
The team at Acis welcomes you to join us at our second Tax Events seminar series for 2017. Held in conjunction with Redchip, this series will consider whether asset protection strategies might be impacted by ITAA provisions.
The team at Acis welcomes you to join us at our first Tax Events seminar series for 2017. Held in conjunction with Redchip, this series will focus on helping your clients get the most out of their property transactions.
Unfortunately for some, the Year of Rooster may well be the Year of the Turkey! We’ve already seen a prime example of a firm relying on an automated, online document provider to amend a trust deed. The firm, and its clients, are now paying the price.
While we like to bang on about the risks inherent in using robotic or template service providers, this week we were presented with a prime example of what happens when human scrutiny plays no role in the production of documents.
This edition of Acis All Areas we look at part 2 of Matt's article looking at risks to which many owners, partners and managers are exposed, why burying your head in the sand doesn't avoid conflict and to buy back or to not buy back?
While views differ quite significantly throughout our industry regarding the meaning of "Special Purpose Superannuation Company", not everybody agrees. Join Stephen Harvey by delving into why companies can be nominated as a Special Purpose Superannuation Company and why its OK to refer to distribution rights.
The team at Acis welcomes you to join us at our second Tax Events seminar series for 2016. Held in conjunction with Redchip, this series will focus on restructuring solutions for greater success for your clients.
You’ll notice that when applying to register a company, you must nominate a State or Territory in which it will be taken to be registered. Stephen Harvey discusses the many implications that follow with these decisions.
Even the local kebab shop can't avoid the consequences
There can be significant consequences for deregistered companies that own valuable property or continue carrying on operations. Stephen Harvey of Acis discusses these consequences, and what they may mean for your clients.
What exactly makes someone a resident director? That is the question the team at Acis hears quite frequently, and our Head of Legal Services, Stephen Harvey, clarifies the confusion around these deciding factors.
Forget the election, think about directors and holding companies
While many eyes are turned towards our Federal pollies in the coming weeks, our focus is on end of year reviews and effective standardisation of documents to improve efficiencies within your businesses.
How are your clients making sense of a world where half of their businesses and one-third of their marriages won’t last? What discussions are you having with them about maximising the value of their assets, whilst minimising the risk of losing them?
Whilst the Corporations Act provides a cheap and simple way to dispose of an unwanted company, the courts have powers under the Corporations Act 2001 to order reinstatement. Stephen Harvey of Acis discusses this in further detail.
It seems none of us can avoid reviewing LRBAs and related party loans, with the ATO releasing in mid-April a guidance that provides clarity around the terms that the ATO will accept as arm’s length. This is an important reminder ahead of the June 30 deadline which is just around the corner.
Time to start getting the house in order (if you aren't already doing so) for June 30. As we all know, the ATO is sharpening its focus on loans to SMSFs, and we talk further in this issue of Acis All Areas about the risk of SMSFs being hit with higher marginal tax rates if related party loans are not on commercial terms.
Trustees have been put on notice as a result of the recent Mercanti v Mercanti case, which demonstrated the need to carefully read a deed when a trustee proposes to amend it. Stephen Harvey of Acis discusses four tips to remember to avoid a disaster when amending your clients' trust or business structures.
It is an age-old question that we hear quite frequently. How long should business records be retained? Stephen Harvey of Acis, discusses the practical considerations to take into account when deciding on the retention of policy.
While we hope the champagne corks are about to be popped at your office, we know things aren't slowing down just yet! To round off a busy year, we thought it would be timely to recap on the articles that had the most impact on our clients in 2015.
This October issue of Acis All Areas, marks the first anniversary of the relaunch of the Acis brand in 2014. We thought it was timely to dive into the world of SMSFs this month, particularly given the Turnbull government's revisit of the Murray Financial System Enquiry.
The enquiry into the financial system by the Federal Government has created some question around how superannuation payments will be distributed in the future. Stephen Harvey provides you with some analysis around the current rules in relation to a SMSF's ability to pay benefits, before any changes to this rule occurs.
The UK tax authority ("HMRC") announced changes to some of the conditions for an Australian SMSF to be considered a Qualifying Recognised Overseas Pension Scheme ("QROPS"). Stephen Harvey summarises these changes, and identify's how it may effect you and your clients going forward.
The question often arises as to whether the trust deed for a self-managed superannuation fund needs to be updated regularly. The response is generally 'yes', however there are a few considerations to be aware of that Stephen Harvey touches on within this article.
There's no doubting, particularly with the discussions about Australia's signing of a free trade agreement with China, that many businesses are considering international opportunities. One hot topic, which we've summarised in this issue, relates to the tax implications of residency that your clients should consider when doing business overseas.
The rules relating to trusts, in particular the perpetuity rule, can sometimes be confusing. Stephen Harvey of Acis highlights some important considerations that may impact the advice given to your clients.
The team at Acis welcomes you to join us at our second Tax Events seminar series for 2015. Held in conjunction with redchip lawyers, this series will focus on Expanding Horizons: International Business for SMEs.
We've seen plenty of technical queries coming through recently, particularly around the requirements of trusts. In this issue, we have highlighted some important considerations around these requirements, that may impact the advice given to your clients.
Risk comes in many forms, and our primary focus at Acis is to manage and mitigate these risks to ensure any potential harm can be eliminated before it is too late. Stephen Harvey of Acis, discusses this more in depth in the following article.