Resources.

08/08/2018 | Peter Johnson SMSF, SMSF Update, new rules, licensing

New SMSF Licensing Rules

Don’t leave it too late to get your license
Peter Johnson, SMSF Services Director, walks us through the new rules for getting licensed to provide SMSF advice.
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08/08/2018 | Emily Pritchard default beneficiaries, beneficiaries, trusts

Are Default Beneficiaries a Necessary Evil?

Taking a blanket approach is not a good idea
Emily Pritchard, Legal Services Manager at Acis, shares why taking a blanket approach to default beneficiaries is not a good idea.
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08/08/2018 | Shane Topping BGL CAS 360, integrations

BGL CAS 360 Integration

Our CAS 360 integration saves time and cost
If your firm is operating BGL CAS 360, our latest integration is a must.
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07/08/2018 | Seminar, Tax Events, Xerocon, Upcoming Events, Events

Upcoming Events

Join us at Tax Events & Xerocon
The Acis team is out and about throughout August and September at major events across the country. We invite you to join us.
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24/07/2018 | Shane Topping BGL Simple Fund 360, BGL CAS 360, integration, update

Acis integrates with BGL’s CAS 360 and Simple Fund 360

BGL media release: Acis integrates with BGL’s CAS 360 and Simple Fund 360
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19/07/2018 | Peter Johnson SMSF Update, 2018, superannuation

2018 SMSF Update Video

New regime, new strategy
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.
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01/07/2018 | Acis ASIC, fee, increases, 2018

ASIC Fee Increases

Effective 1 July 2018
ASIC fee increase from 1 July 2018
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21/06/2018 | Stephen Harvey SMSF, superannuation, deed, SuperDepot

New SMSF deed

Acis and SuperDepot release an updated SMSF deed
Acis and SuperDepot have an updated SMSF deed from 21 June 2018.
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18/06/2018 | Emily Pritchard trust, state-based duty law, trust establishment, power of attorney,

Where the duty lies when establishing trusts

Even the big guys get confused
Emily Pritchard, Legal Services Manager, shares a brief overview of what happens when the big guys get it wrong when establishing trusts.
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06/06/2018 | Shane Topping Acis, product, email, privacy act, NDB scheme, Acis client portal, client log-in

Changes to product emails

With changes to the Privacy Act, we are changing the way we issue product emails.
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01/06/2018 | accounting, awards, 2018 accounting awards

2018 Australian Accounting Awards

Congratulations to the Winners and Finalists
A huge congratulations to the winners and finalists of the 2018 Australian Accounting Awards.
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31/05/2018 | Peter Johnson shares, how many shares should i issue, common questions, number of shares

How many shares should I issue?

This is the eternal question. What is the best number of shares to issue when I am setting up a company.
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09/04/2018 | Peter Johnson, SMSF Services Director SuperDepot, SMSF, trust law, superannuation law, related party loans, unit trusts, trust deeds

Lifting the lid on SMSF traps

Up to half of accountants not clear about rules
Peter Johnson, SMSF Services Director at Acis, warns accountants of the traps that lurk beneath the surface.
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05/04/2018 | Kevin Mottau, Director, Acknowledge Accounting Acis, client, testimonial, SMSF expertise, superannuation, what they said

What they said...

“It’s the connections and relationships that count.” (Kevin Mottau, Director, Acknowledge Accounting)
Kevin Mottau, Director at Acknowledge Accounting, shares what excites him about the boost in SMSF expertise at Acis.
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05/04/2018 | Sydney, NSW, Acis team

Boosting our NSW team

Acis welcomes the newest addition to the team, Sydney based Account Executive, Louise Marshall.
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04/04/2018 | Courtney Green Tax Events, March 2018, Seminar, highlights

Tax Events highlights

The 2018 Tax Events saw record number attendees across 5 locations.
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27/02/2018 | Jen Cavanagh tax events, March 2018, Seminar, Event

Tale of Tax Events

Still rolling after 6 years & 3,000 attendees
Just over six years ago, the team at Acis had a “light bulb” moment. That moment was the beginning of Tax Events.
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27/02/2018 | Shane Topping BGL CAS 360, ABN/TFN, Xero, integrations, rollout

BGL and Xero lead the pack

Rollout of new & updated integrations
Acis continues our rollout of time-saving integrations in the coming weeks. High profile partners include BGL and Xero, to name a few.
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27/02/2018 | Stephen Harvey company shares, minor shareholders, CHESS

Major Dilemma for Minor Shareholders

Think twice before giving shares to a 6 year-old
Stephen Harvey explains the legal reasons why minors should not be share holders.
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18/01/2018 | Robert Krigsman, Principal, Krigsman Partners Acis, client, quality, professionalism, legal review, business structures, what they said, testimonial

What they said...

“You can find mediocrity everywhere.” (Robert Krigsman, Principal, Krigsman Partners)
Robert Krigsman, Principal at Krigsman Partners, shares his experience with the customer service provided by the Acis team.
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09/11/2017 | Stephen Harvey share, buy back, shareholder exit, shareholder, share buy back, capital gain,

Sharing the Buy Back Love

The ins and outs of share buy backs
Stephen Harvey explains the benefits of share buy backs and how the Acis legal team can help
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09/11/2017 | Stephen Harvey trust deed, trustee, distributions, safeguard mechanisms, capital, income, transactions

Read the Deed Too

Why Perry v Nicholson is the case to watch
In this second edition of Read the Deed, Stephen Harvey offers advice for both advisers and trustees
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09/11/2017 | Matt Neibling ASIC, trademark, registration, name registration, awareness, help, company

What’s in a Company Name?

An ASIC registration is no guarantee
Matt Neibling explains why an ASIC registered name may not entitle you to use it as your trading name
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14/09/2017 | Stephen Harvey trust, state-based duty law, trust establishment

The State of Your Trust State

How the location of your trust impacts stamp duties
Join Stephen Harvey in looking at how the location of your trust impacts stamp duties
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14/09/2017 | Stephen Harvey trust deed, trustee, distributions, safeguard mechanisms, capital, income, transactions

Read the Deed

The devil is always in the detail
Stephen Harvey, Head of Legal Services, explains when dealing with trusts why the starting point is always to read the trust deed
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14/09/2017 | Stephen Harvey artificial intelligence

The Risks of Going “All In” With AI

Robotic systems can’t replace human expertise
Take a look at why robotic systems cannot – and should not! – replace human expertise and intellect
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30/06/2017 | Acis ASIC, fee, increases, 2017

ASIC Fees Increases

Effective 1 July 2017
ASIC fees increase from 1 July and some Acis products are affected.
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08/06/2017 | Shane Topping Integrations, Class Super, BGL Simple Fund 360, Xero

Integrations deliver time and resource savings

Acis has teamed up with Class Super, BGL Simple Fund 360 and XPM to save you time, and help you drive efficiencies
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08/06/2017 | Shane Topping SuperDepot, deed

SuperDepot upgrade released

Substantial passive revenue opportunities in SMSFs
Take a look at the host of new features that our newly upgraded SuperDepot can offer you
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08/06/2017 | Warren Maris, Director, Magnus Business Advisers and Accountants Intergrations, Acis, client, testimonial, what they said

What they said...

“Bugger me if it didn’t work from day one!” (Warren Maris, Director, Magnus Business Advisers and Accountants)
Warren Maris, Director of Magnus Business Advisers and Accountants shares an insight into his experience with Acis and also our new integrations
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22/05/2017 | Shane Topping Intergrations

Acis Releases New Integrations

Integrations now available for Class Super, BGL Simple Fund 360 and Xero Practice Manager.
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12/04/2017 | Stephen Harvey SuperDepot, Super, trust, deed, legislation

Maximising Revenue in SMSFs

New super trust deed enables seamless client transition
Have you heard about the recent changes to superannuation legislation?
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12/04/2017 | Stephen Harvey default beneficiaries, trust, deed, trustee

Haunted by Default Beneficiaries

Incorrect trust deeds remove a trust’s safety net
Join Stephen Harvey in looking at how incorrect trust deeds remove a trust’s safety net
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12/04/2017 | Matt Neibling structure, tax effective, event, property

Tax Events Series - Five Years On

Structuring tax-effective property transactions
Trung Vu, Redchip Taxation Associate, outlines how vital the facts are in determining whether a property transaction is a mere realisation of a capital asset or a profit-making undertaking
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17/02/2017 | Stephen Harvey unit trust, fixed trust

When a Unit Trust is Not a Fixed Trust

Why all trusts are not created equal
Join Stephen Harvey in looking at why all trusts are not created equal
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17/02/2017 | Stephen Harvey accounting advice, legal advice

Don't Cross the Line

Accounting and legal advice don’t mix
It can sometimes be challenging to navigate the sensitivities of providing sound counsel to clients, and potentially stepping into the grey space dividing accounting from legal advice.
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17/02/2017 | Stephen Harvey risk, awareness

The Power of Yes

We’d be laughing if it wasn’t so serious
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.
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26/10/2016 | Matthew Neibling risk, digital, savings

When Cheap Isn’t Cheerful (part 2)

The trade-off between over-stated savings and risk
Join Matt Neibling in part 2 of When Cheap Isn't Cheerful, looking at the trade-off between over-stated savings and risk
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26/10/2016 | Stephen Harvey shareholder, agreements, new business, investment

Burying Your Head in the Sand Doesn’t Avoid Conflict

Why shareholders’ agreements are vital
Stephen Harvey discusses why relationships are irrelevant but shareholders' agreements are not
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26/10/2016 | Stephen Harvey buy back, shares, company, asset

To Buy Back or Not to Buy Back

(With apologies to Hamlet)
Stephen Harvey of Acis discusses whether to buy back or not to buy back shares in a company as a precursor to deregistering the company
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26/10/2016 | Stephen Harvey geared unit trusts, SMSF

Don’t Be Fooled by Geared Unit Trusts

We’ve noticed some of our competitors are talking up what they call a “geared unit trust” as being suitable for SMSFs.
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26/10/2016 | Stephen Harvey constitutional change, share certificates, application for shares

Constitutional Change

We’ve recently made some changes to the signing requirements for constitutions and share certificates that save time for you and your clients.
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16/09/2016 | Stephen Harvey beneficiaries, trust deeds, settlor, notional settlor, notional settlor exclusion

Settlors as Beneficiaries?

Avoiding invalid trust distributions
Ever thought about having a settlor of a trust also act as a beneficiary? Stephen Harvey discusses the ramifications of this decision and the best practices that should be implemented.
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16/09/2016 | Stephen Harvey special purpose company, superannuation, Acis standard constitution

Finding Purpose in Special Purpose Companies

Don't be pushed into a special constitution
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.
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16/09/2016 | Matt Neibling beneficiaries, trust deeds, settlor, notional settlor, notional settlor exclusion

When Cheap Isn't Cheerful

The trust deed that ended my morning coffee
Join Matt Neibling in looking at when the race to remove human intervention isn't always key to a cheerful ending
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16/09/2016 | Shane Topping Acis client portal, client log-in

Single Account Log-In

The Acis client portal is being streamlined even further, with a change to client log-ins which enables seamless switching between your firm’s accounts.
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22/08/2016 | Marcus Willey integration, ABR

ABN/TFN integration

Acis client portal is now integrated with abr.gov.au
New integration streamlines ABN/TFN applications.
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28/07/2016 | Stephen Harvey trust, assets

What State is Your Trust In?

Outer Mongolia Won't Cut it
Stephen Harvey of Acis discusses the applicable state laws regarding to trusts and what you must consider when you are nominating these.
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28/07/2016 | Stephen Harvey company, risk

What State is Your Company In?

Dealing with a Constitutional Hangover
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.
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28/07/2016 | Stephen Harvey trusts

The ABCs of Trusts

Stephen Harvey of Acis discusses the general rules and expectations of trusts, and the important things to remember when establishing an effective structure.
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16/06/2016 | Stephen Harvey Reinstatement, company, ASIC

Deregister in Haste and Repent at Leisure

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.
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16/06/2016 | Stephen Harvey Corporations Act, tax, ASIC, directors

Clarity Around Resident Directors

Let the facts inform the decision
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.
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16/06/2016 | Stephen Harvey UHC, ASIC, company

Ultimate Holding Companies

What you need to know
Stephen Harvey from Acis provides clarification around the an ultimate holding company (UHC), and whether is it necessary to have once in place.
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16/06/2016 | Stephen Harvey risk, assets, white paper

Are Your Clients Suffering From Separation Anxiety?

Complimentary Acis white paper available
Acis Separation Anxiety white paper
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16/06/2016 | Acis ASIC, fee, increases, 2016, financial

ASIC Fee Increases

Effective July 1, 2016
ASIC fee increase from July 1, 2016
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30/05/2016 | Acis deadline, ATO, LRBA, extension

ATO extends impending LRBA deadline

The ATO has extended the 30 June deadline for SMSF trustees looking to get their related party LRBAs on commercial terms.
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19/05/2016 | Stephen Harvey asset, risk, awareness, protection, structuring

White Paper: Separation Anxiety

The importance of separating risk from assets
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?
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28/04/2016 | Stephen Harvey NALI, LRBA, PCG, SuperDepot

Stop The Presses

Urgent update on NALI and related party loans
Stephen Harvey summaries the recent developments on NALI and related party loans and what these important changes mean for you and your business.
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28/04/2016 | Stephen Harvey trust, family, tax

Considerations Before Making a Family Trust Election

Do the benefits outweigh the potential complexity?
One of the decisions many practitioners face when setting up a trust is whether or not to make a family trust election (FTE). Stephen Harvey discusses this in further detail.
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28/04/2016 | Stephen Harvey ATO, Reinstatement, company

Nowhere to Hide Behind Voluntary Deregistrations

Why the Commissioner pursues reinstatement
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.
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17/03/2016 | Stephen Harvey SMSF, NALI, loans, deadline, EOFY, SuperDepot

SMSFs Risking High Marginal Tax Rates

NALI and related party loans to be addressed by 30 June
With the upcoming 30 June deadline, care is required to address the possibility that the terms of related party loans could result in non-arm's length income ("NALI").
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17/03/2016 | Stephen Harvey property, superannuation, funds, related parties, SMSF, SuperDepot

Can Super Funds Acquire Property or Fund Construction When Dealing With Related Parties?

Circumstances to consider before diving in
Stephen Harvey of Acis discusses the factors to consider when looking to purchase property assets through a self-managed super fund.
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17/03/2016 | Stephen Harvey electronic signatures, risk

Who Bears The Risk With Electronic Signatures?

Stephen Harvey of Acis revisits the law regarding the execution of documents by way of electronic signatures.
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17/03/2016 | Stephen Harvey LRBA, tax, risk, deadline, SuperDepot

ATO to Clarify Related Party Loans and LRBAs

There has been some criteria provided by the ATO around what constitutes commercial terms. Stephen Harvey of Acis provides some commentary around these guidelines.
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04/02/2016 | Stephen Harvey deed amendments, trust deeds, appointor, guardian

The Devil is in the Detail When it Comes to Deed Amendments

Tips to consider before making amendments
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.
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04/02/2016 | Stephen Harvey LRBA, deadline, SMSF, NALI, SuperDepot

30 June 2016 Deadline - Fix non-complying loans to SMSFs

Time to review LRBA arrangements
The ATO is sharpening its focus on loans made by related parties to an SMSF and has established a June 30 deadline to ensure such arrangements are consistent with an arm's length dealing.
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04/02/2016 | Stephen Harvey retention, documents, years, security, privacy

To File or Not to File

How long should business records be retained?
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.
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29/10/2015 | Stephen Harvey pension, lump sum, superannuation, SuperDepot

Avoiding Confusion Over Super Payouts

Pension or lump sum payment?
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.
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29/10/2015 | Stephen Harvey QROPS, pension, UK, tax, SuperDepot

The Brits put the "QROPS" Among the Pigeons

Changes to recognised overseas pension schemes
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.
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29/10/2015 | Stephen Harvey SMSF, trusts, deed, updates

Change is the New Norm

The benefits of deed consistency
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.
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17/09/2015 | Stephen Harvey Superannuation, bankruptcy, assets, SuperDepot

Super and the Slippery Slope of Bankruptcy

Protection of Assets and Super
Is your superannuation under threat when you become bankrupt? Stephen Harvey of Acis delves deeper into this topic, and provides answers to these ongoing questions.
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17/09/2015 | Stephen Harvey international business, tax, residency, source

Doing Business Overseas?

Residency and Tax Considerations
Following on from our recent Tax Events Seminar Series, Stephen Harvey of Acis touches on the tax implications of overseas residency.
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17/09/2015 | Stephen Harvey perpetuity, trusts

Why Wait and See May be the Best Approach

Another Look at Trust Perpetuity
Continuing with the theme of perpetuity's from our last issue, we now take a look at the Wait and See rule and delve deeper into the reality of how it works.
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06/08/2015 | Stephen Harvey perpetuity, trust, rule

Does my Trust Have to Die?

What the perpetuity rule means for trusts
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.
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06/08/2015 | Stephen Harvey trust, default beneficiaries

Valid by Default

Am I at risk if I don't name default beneficiaries?
Stephen Harvey from Acis shines a light into the potential risks of not having a default beneficiary in your trusts.
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26/06/2015 | Matthew Neibling ASIC, fee, increases, 2015

ASIC announces 1 July fee rises

Some Acis products are affected
ASIC fee increase from 1 July 2015.
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04/06/2015 | Stephen Harvey trust resolution, tax, deadline

June 30 Trust Resolution Deadline Only Days Away

Review now and avoid the pain later
Stephen Harvey of Acis, has prepared some key principles to keep in mind when preparing year end trust resolutions.
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04/06/2015 | Stephen Harvey compliance, unit trust, risk, fixed trust

Are You Playing by The Rules With Your Unit Trusts?

Recent case study illustrates potential vulnerabilities
Understanding the rules and regulations around the proper use of unit trusts, is vital when reviewing your clients' structures in the lead up to June 30.
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04/06/2015 | Stephen Harvey Unit Trust Checklist, tools, tax

Another Tool in The Kit

New Acis Unit Trust Checklist now available
Following in the successful footsteps of the Discretionary Trust Checklist, we have released our newest tool, the Unit Trust Checklist.
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16/04/2015 | Stephen Harvey tax

Beware Part IVA

Useful lessons from Track's case
Stephen Harvey discusses the outcomes of the recent decision of Track and Ors v Commissioner of Taxation case, and how it can potentially impact you and your business practises.
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16/04/2015 | Stephen Harvey checklist, discretionary trust

Bridging the Gap Between Awareness and Action

Our new Discretionary Trust Checklist
Risk in our industry comes in many guises and, at worst, its realisation may threaten the very existence of your business.
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16/04/2015 | Mark Lowis LRBA, GST, SuperDepot

Federal Government finally gets its act together

"Look-Through" tax treatment for LRBAs soon to be legislated
Since the introduction of the Limited Recourse Borrowing Arrangement (LRBA) regime for SMSFs, many advisers have grappled with the correct income tax treatment for these arrangements.
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12/02/2015 | Stephen Harvey risk, trust, deed

Exterminate! Exterminate!

The risks of letting robots run the show
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.
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12/02/2015 | Stephen Harvey eCommerce, digital,

Your Signature Counts

Electronic signatures - why take the risk?
With e-commerce and digital business exploding, moves have been made to open the door to the use of electronic signatures on legal documents.
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10/12/2014 | Stephen Harvey trust, deed, risk

Why Risk It?

Accounting firms are not regularly checking trust deeds
Can you recall the last time your clients' trust deeds were reviewed? This article highlights the potential risks that can come from not reviewing and updating clients' trust deeds.
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10/12/2014 | Stephen Harvey secretaries, compliance

Company Secretaries

Why every new company needs one
The need for a company secretary is increasingly becoming pivotal for sole director companies. See why Australian banks are adopting this view, and how it may impact your firm.
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10/12/2014 | Shane Topping trust, deed

All May Not Be Lost

Even your trust deeds
Shane Topping of Acis highlights the many things to consider when looking at the potential impacts involved when replacing a lost trust document.
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20/10/2014 | Stephen Harvey trustees, SuperDepot

New ATO Penalty Regime

SMSFs must consider Corporate Trustees
Stephen Harvey of Acis, discusses the new regimes for SMSF trustees to be handed down by the ATO from 1 July 2014.
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14/10/2014 | Shane Topping hints, website, help

The Acis website

Helpful hints
Read here for some helpful hints to use our new Acis website.
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06/04/2014 | corporate, trustee

Why use a Corporate Trustee

There are varying reasons as to why you should use a corporate trustee in your SMSF.
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09/06/2011 | Stephen Harvey trusts, power of attorney

Settling Trusts Under Power of Attorney

Acis has established many thousands of trusts using the Power of Attorney service. Stephen Harvey of Acis, discusses the many advantages around using this method of trust establishment.
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