In a move that has gone largely unnoticed by the SMSF industry, the Accounting Professional and Ethics Standards Board Limited (APESB) has overhauled APES 305 Terms of Engagement. SMSF professionals will soon be required to include the details of all outsourced services and cloud computing in their SMSF engagement letters. The revised standard has practical implications for […]

Making sure an SMSF passes the sole purpose test (“SPT”) is one of the cornerstones of operating a compliant SMSF. One of the most important things to understand is that it’s not the type of investment dictating whether the SPT is met, but rather the purpose for which the investment is made and maintained that […]

In a move that has gone largely unnoticed by the SMSF industry, the Accounting Professional and Ethics Standards Board Limited (APESB) has overhauled APES 305 Terms of Engagement. SMSF professionals will soon be required to include the details of all outsourced services and cloud computing in their SMSF engagement letters. The revised standard has practical […]

Mogg Osborne, which provides accounting and financial advice services including SMSF services, has a strong presence in regional towns close to the Victorian and NSW border, with offices in Cobram and Finley.