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With BDBNs a significant part of SMSFs death benefit strategy, practitioners will need to consider changing factors impacting the setup of a strong document trail and its interaction with the trust deed to ensure it can avoid risks in litigation, according to a law firm.
Changes in the current economic environment are prompting SMSFs to seek newer investments that can both satisfy expected returns and provide safeguards to navigate a post-pandemic marketplace.
ASIC has cancelled the AFS licence of a former tax accountant who failed to maintain dispute resolution membership with the AFCA.
The incoming implementation of the director identification number will become an important part of the SMSF landscape as new processes will shape internal procedures for practitioners and create additional challenge considerations for clients and trustee structures, according to an industry consultant.
Compliance, costs and the future of the advice industry are driving planners out of the sector, according to a new study.