FindAccounting.com.au in Warranwood | Accountant

FindAccounting.com.au

Locality: Warranwood

Phone: +61 1300 883 830

Address: 248 Wonga Road 3134 Warranwood, VIC, Australia

Website: http://www.findaccountant.com.au

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• Investing service

24.01.2022 A win for consumers: Financial planners now able to certify documents From today, financial advisers/planners have been granted status to witness a Commonwealth statutory declaration - equal with lawyers, medical practitioners and justices of the peace. This is a very positive outcome for both consumers and planners.... This change follows on from the enshrinement of the terms financial planner/adviser in law. Another sign that the occupation of financial planning is being recognised as a profession. Why it’s so important This update means clients are now able to ask their financial planner to act as an authorised witness in order to finalise and implement documents within a financial plan. This creates a more cost effective, efficient and appropriate mechanism for clients who need documents witnessed. It’s also important recognition of financial planners and the role played in helping clients. They are no longer restricted when it comes to witnessing clients’ financial planning, insurance, superannuation, financial product and other documents. Next steps This change follows the Attorney-General Department’s formal review of the Statutory Declarations Regulations 1993. The new regulation has now been legally registered with a commencement date of 18 September 2018. It will be tabled in Parliament this week and subject to a disallowance period of 15 parliamentary sitting days. After this, unless an objection is tabled in parliament, this change will become permanent.

23.01.2022 At Find Accountant (www.findaccountant.com.au) we do more than just tax returns.

22.01.2022 What a massive week it has been for accountants, brokers and financial planners. 1. An advisor who helped property developers and brokers set up SMSF so the client could purchase a property via the SMSF is facing a 5 year ban from the industry. He was simply providing 'transactional advice'. That means he was simply accepting the client's direction to set up a SMSF. ASIC ruled that he should have looked into the client's situation to determine the suitability of the SMSF a...nd consider the client's full financial situation because he was an Authorised Representative of an AFSL. 2. ASIC has permanently banned a person from providing credit advice and/or financial planning advice after it was found he was providing advice in areas where he was not license to do so. He is facing criminal charges and had millions of dollars seized as a result. ASIC is now after people who are not even licensed. What is going to happen to those who are licensed and are only providing 'general advice'. If ASIC is seeking criminal action against someone who was not licensed then what will the ramifications be for the person who is licensed, providing general advice, but not looking into the client's complete situation? At best being banned from the industry (including brokering)...at worst, jailed. 3. All major lenders are withdrawing from offering SMSF lending (limited recourse borrowing arrangements). With Slater and Gordon considering bringing a series of class actions against super funds, the CBA has joined the others and withdrawn from this space. With poor SMSF outcomes for clients, the CBA and others have realised that there is a ticking time bomb. For those brokers who have aligned themselves with property developers and financial advisors in the past with the intent of setting up a SMSF to provide lending, and who are also Authorised Representative of an AFSL, I hope you do not get caught up in all of this. If a fully-licensed advisor has lost his license and he was qualified to give advice in this area, what will the ramifications be for those brokers who have AR's and have not consider all of their client's full financial situation whilst providing either credit advice or 'general advice'. If I was an broker with a 'general advice' AR, I would be seriously considering, like the major banks, getting out of that space ASAP otherwise I fear you are leaving yourself and your business vulnerable. https://www.mortgagebusiness.com.au//12669-cba-withdraws-f

21.01.2022 INVESTMENT PROPERTY OWNERS MAY HAVE TO PAY MORE TAX With the introduction of the Victorian Vacant Residential Property Tax it will be interest to see if this will have an impact on housing prices and whether or not more housing will come on the market? This measure, which is aimed out those property owners who own residential properties in the inner city and middle areas of Melbourne, will have to pay a 1% tax on the capital improved value of the property if that property is ...left vacant for more than 6 months. This is coming into affect from 1st January 2018. Tax agents will have to make sure the capital improved value of the property is correctly calculated otherwise clients may be hit with audits and tax penalties if their tax returns have been incorrectly lodged. I feel sorry for the property managers who will feel the pressure from investment property owners to get tenants into their properties prior to the six month time frame. Will property managers be liable for the 1% tax if they cannot find a tenant given they are managing the property? Real Estate businesses will have to seek legal advice regarding this matter. It is amazing how one tax raising measure will have an impact on many industries and professions. See more

20.01.2022 The Find Group is now able to provide tax advice e.g. prepare tax returns and provide loan/finance advice. The Find Group consisting of Find Wealth Pty Limited (www.findwealth.com.au), Find Insurance (www.findinsurance.com.au), Find Mortgages (www.findmortgage.com.au) & Find Accountant Pty Limited (www.findaccounting.com.au) can now provide a complete service to our current and future clients.

12.01.2022 ASIC investigates hundreds of SMSFs at random that were set up in Sept 2016 - Accountants are in the firing line. http://www.smsfadviser.com//15306-asic-investigates-hundre

08.01.2022 This is an exciting day for Find Accountant. We have received our Tax Agent's licence and can now offer tax and accounting services to all of our financial planning and mortgage clients.