Thank You , Michelle , It was very helpful for me 👍🙂
@littlemissbookkeeping
6 ай бұрын
Glad it was helpful!
@SteveKing996
7 ай бұрын
Nice video. One question: If John Smith comes to see Accountant Mrs A to setup SMSF for himself from scratch, John does not need to nominate Mrs A as an agent, does he?
@littlemissbookkeeping
7 ай бұрын
Good question. We haven’t been able to test this scenario yet. But I’m under the impression that the agent linking steps still needs to happen. If you think about it, anyone (client or tax agent) could apply for the ABN/TFN directly via the ABR. Even though the ABN application does say you can nominate a BAS or tax agent, I don’t think it will automatically give the agent access (but I could also be wrong). I tested a similar theory with my own personal entities. I removed a company from my tax agent portal as a client. I couldn’t add it back onto the same tax agent portal until the agent nomination was done, despite my tax agent details still showing up from the client end.
@namratabhatt1110
4 күн бұрын
No he doesn't require agent nomination for just setting up a SMSF, it's required for rollover purposes though
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