Accounting in Australia

What is accounting in Australia

Why is accounting so popular? What is accounting in Australia: Accounting consists of three basic activities it identifies, records, and communicates the economic events of an organization to interested users. Let’s take a closer look at these three activities. Three Activities To identify economic events, a company selects the economic events relevant to its business. […]

What's involved with an SMSF in Australia?

What’s involved with an SMSF in Australia?

Set up an SMSF What’s involved with an SMSF in Australia: So you’re thinking about starting your self-managed super fund. That’s great, but are you aware of what’s involved? So let’s take a quick look at a typical SMSF. When you first set up, you need to: Decide on fund members and trustees Establish the […]

Setting up an self managed super fund in Australia

Setting up an self managed super fund in Australia

Setting up your own self-managed super fund In this article we explain about setting up an self-managed super fund  in Australia and go into the the pros and cons involved with having a self-managed super fund. Self-managed super funds (SMSFs) are a way of saving for your retirement. Are self-managed super funds good?  If you […]

External audit jobs Australia

External audit jobs Australia:

External audits in the public sector External audit jobs Australia: External audit reports of central government departments and quangos are undertaken by the Comptroller and Auditor General (C&AG) who is not a civil servant but an officer of the House of Commons. The C&AG is responsible for the National Audit Office, with a duty not […]

Self-managed super fund in Australia bank loan

Self-managed super fund bank loan

Can I borrow money from my self-managed super fund? Self-managed super fund bank loan: Self -Managed Super Funds (SMSF) are allowed to borrow to invest in direct property, managed funds or shares as long as a Limited Recourse Borrowing Arrangement is used for the transaction. In fact, in Australia, borrowers have access to SMSF home loans […]

Self-managed super fund accountant jobs in Australia

Self-managed super fund accountant jobs in Australia

Can an accountant set up an SMSF? Self-managed super fund accountant jobs in Australia: The accountants’ exemption, which previously allowed recognised accountants without an AFS license to give financial product advice about acquiring or disposing of an SMSF.  This means that an accountant without an AFS license can no longer recommend that a client establish […]

Self-managed superannuation fund annual return

Self-managed superannuation fund annual return

What is a SMSF annual return? The self-managed superannuation annual return (NAT 71226) comprises your income tax reporting, regulatory reporting and member contributions reporting. SMSF Annual Return (also known as SMSF Tax Return or SMSF Return) You must lodge an SMSF Annual Return every year. An SMSF Return reports income, contributions, levies and regulatory information […]

Bitcoin audit services in Australia

Bitcoin audit services in Australia

How can Bitcoin be audited? Contingent audit Bitcoin audit services in Australia: It is possible to own bitcoins either through services in some form, through electronic transactions, or through the Internet, or by investing in companies that offer these forms of network money. While many people who work have to pay taxes, it is possible […]

Audit accounting qualifications

Audit accounting qualifications

What qualifications do you need to audit accounts? Audit accounting qualifications: To become an external auditor, you must first qualify as a chartered accountant with one of the following professional entities: Association of Chartered Certified Accountants (ACCA) Institute of Chartered Accountants in England and Wales (ICAEW) Association of International Accountants (AIA) There are several ways […]

SMSF account Australia

SMSF account Australia

What is SMSF, and How is it work? Before we talk about the SMSF account in Australia, let’s first learn more about SMSF. An SMSF or Self-Managed Superannuation Fund is controlled and managed by the members of the fund.  In this way, the members as trustees decide how the fund is managed, its investments, and […]