Resourceful: Stories From The Site

This episode is a recast from the Queensland Business Hub talking about audit, accounting and tax compliances for the Mining and Resources industry.In this episode, Craig Barry and Scott Lindeblad discuss a complex real life client case study which is a cautionary tale of what can happen when adverse events collide with a taxpayer who has been poorly advised. They explore the profound impact that ill advice and poor estate planning can have for generations to come and unpack what mining and resources professionals can learn from these unfortunate circumstances. Craig and Scott discuss “Charlie” who worked in the mining industry and was generously rewarded for his many years of hard work and dedication.  With his newfound wealth, Charlie began making plans for the future, enlisting the help of a local accountant to make a multi million dollar contribution to his self managed super fund.Unfortunately, this accountant had little experience dealing with a SMSF and was unfamiliar with the complex laws relating to