Capitaleyes Latest Financial Planning News

ATO and the Tax Practitioners Board have developed new client verification guidelines for tax practitioners, with criminals using increasingly sophisticated attempts to steal taxpayer identities
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Investment forecasts, just like weather forecasts, should be used to help inform but not entirely drive decision-making.
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61.4% of the world population has received at least one dose of a COVID-19 vaccine. 10.2 billion doses have been administered globally, and 18.22 million are now administered each day. Only 10% of people in low-income countries have received at least one dose.
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  The ATO will only recognise limited reasons offered by trustees as an acceptable excuse for not paying a death benefit within the standard timeframe.  
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10 little-known pension traps proving the value of advice.
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With COVID continuing to place financial stress on businesses and individuals, there has been an uptick in SMSF members illegally accessing money from their funds, an SMSF auditor warns.
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The use of various entities to jointly qualify for the “sophisticated investor” status will need to navigate various legal hurdles, especially around control for structures such as SMSFs and trusts, according to a law firm.
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The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet more COVID-19 restrictions.
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  The ATO will not take compliance action against funds that have not reported a TBA event after the commencement of a new pension in the interim.  
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An explanation of the difference between a Bull and Bear run.
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The uptake of six-member SMSFs is primarily being driven by trustees over the age of 80 who want their adult children to take over the management of the fund.
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The start of the new year is a perfect time to give a health check to your financial position and ascertain areas we should look at improving. In this Prepare for Life –Summer 2022 newsletter on our website, we focus on the following important points that could well affect you or your family: Protecting Families […]
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