Accountants ‘at epicentre’ of growth in non-bank finance
Accountants are helping open the door to alternative sources of finance and investment as the trusted advisers to...READ MORE
The explanatory memorandum for the non-arm’s length income provisions provides important clarification on whether NALI applies where accountants complete the accounts for their own SMSF, says an industry lawyer.
Up until Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 was introduced into Parliament late last month, DBA Lawyers director Daniel Butler said there has been a lack of guidance in regards to whether an accountant doing the books of account for their own fund would lead to the risk of non-arm’s length income (NALI) being applied.
Read the full article at SMSF Adviser.