Latest from the Accounting & Auditing Blog

FAQ: Early Access to Superannuation – Australian Government’s Economic Response to the Coronavirus

March 25, 2020
The Government is allowing individuals affected by the Coronavirus to access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21. TEMPORARY EARLY ACCESS TO SUPERANNUATION Summary While superannuation helps people save for retirement, the Government...
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Transitional CGT Relief Black Hole Scenarios

March 23, 2017
There appear to be some unintended outcomes which could eventuate if the wrong combination of actions are taken during the 2017 financial year. They hinge on the legislated criteria that a super fund must satisfy if it wishes to use...
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Wrap Platforms and the Superannuation (Excess Transfer Balance Tax) Imposition Bill 2016

February 5, 2017
Background Single line item reporting of wrap platforms in SMSF accounts is a widespread accounting industry practice.  This method of reporting entails the consolidation of all investments held on a wrap platform into a single line item on the Statement...
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Our firm is overjoyed to have been recommended Aquila Super for our SMSF Audits.  The Aquila team is a professional outfit which is proactive, reliable and support us in meeting the needs of our clients.  Their turnaround time is consistently exemplary and their services are competitively priced whilst remaining thorough.  Their super knowledge is invaluable and they provide up to date knowledge on all superannuation audit matters to help assist with any queries we might have. The Aquila team’s knowledge of Class Software is first-class and they have provided us with feedback to improve processing within the software.  We have found the Aquila team to always be very approachable and readily available.  We thoroughly recommend Aquila Super for all your SMSF Audits.
Renee Francis & Lola Manitto, SMSF Relationship Managers at Halpin Partners, Cairns QLD
We are very happy with Aquila’s professionalism and expertise, often calling upon it through their complimentary advice service. Having access to the audit partners for quick 10 minute phone calls has been invaluable to the service we provide our clients
Adam Blackman, Partner at Quantum Partners, Bondi Junction Sydney
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SMSF audit