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Independent Audit Requirements For SMSFs
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SMSF Auditors - Professional & Registered $330 Melbourne & Sydney

MBS SMSF Auditors are approved auditors and professionally recognised accountants
in Australia. We provide complete SMSF Audit services. For more information, please visit us at our website www.midsunbusinesssolutions.com.au.

Australian Future Fund seeking shelter

The Australian federal government’s $100 billion Future Fund has cut its exposure to the Australian dollar and positioned itself to profit from the Reserve Bank cutting interest rates, as the nation’s largest investors seek shelter from a deterior­ating domestic economy. The Fund took its biggest-ever exposure to foreign currencies just before the Australian dollar embarked on its dramatic slide

New home sales rise points to broader recovery

New home sales rose nearly 6 per cent in the March quarter, according to the Housing Industry Association. Queensland posted the biggest rise up more than 20 per cent.

ANZ ups dividend as profit beats expectations

 ANZ Banking Group chief executive Mike Smith said the bank’s international operations were “firing on all cylinders” as profits earned offshore spiked 43 per cent over the first half, allowing the bank to raise its interim dividend by 14 per cent. Mr Smith said the bank was carefully managing costs as “business confidence in Australia is recovering more slowly than expected.

Debt levy will drive tax avoidance

People earning over $180,000 will be more inclined to engage in negative gearing, discretionary trusts and other tax minimisation structures to avoid the 2 per cent debt levy, experts said.

Shares gain as banks, Woolworths hit record high

Australia’s big banks have kept the sharemarket in positive territory in the first day of trade after the Easter break with Westpac and ANZ shares hitting record highs.

Sydney, Melbourne house prices set to cool

For those worried about a housing bubble, peering into the detail at state level provides some elements of reassurance, yet also causes for concern.

China state-owned firms may get special trade deal

Tony Abbott has confirmed private Chinese investors will be offered the same as their Japanese and South Korean counterparts while leaving the door open for a special deal for Chinese state-owned enterprises.

Small business needs more from banks: Bruce Bilson

The Abbott government has asked the financial system inquiry to investigate how small businesses might use venture capital and crowd-sourced equity as an alternative to expensive bank debts.

ASX to finish 2014 on high note

The local sharemarket is likely to finish the year with formidable gains, despite Australian equities being expensive when compared to global stocks on price-earnings ratio measure, Credit Suisse says.