The return of the accountants exemption is the first step to fixing the broken SMSF advice process, while the government and regulators should also consider simplifying the production of SOAs and creating a separate SMSF adviser profession with its own compliance requirements, according to BGL.
A software boss has voiced his frustration with the accountants’ exemption debate, arguing that two professional associations have failed to back members’ sentiments.
Digital transformation strategy has been top of mind of late for most organisations. As seemingly endless waves of new technologies change consumption habits, organisations have been forced to rethink their purpose and pivot accordingly or be left in the dust (remember Blockbuster?).
A new push has emerged for the reinstatement of the Accountants’ Exemption with some people suggesting accountants are being let down by the major accounting groups.
Research has shown that mindfulness in the workplace reduces stress, makes people better leaders, aids concentration and enables greater self-awareness.
On day one of Xercon 2019, I was joined by Paul Murray from AccountKit.
Paul is the Co-Founder of AccountKit and also Murray Business Solutions. Paul is an accountant, he is also the son of an accountant and Paul is married to an accountant. However, it hasn’t always been Accounting for Paul as he spent 8 years building video games.
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Follow Paul @AccountKit_Paul
Software provider BGL has released a new tool to automate the processing of investment distribution data for annual SMSF tax statements.
It’s time for organisations and individuals to determine how they’ll adapt to the rapid rise of automation across all areas of the economy and workforce, writes Tim Sheedy, principal advisor, Ecosystm.
There is a misconception that reversionary pension documentation will always apply before a binding death benefit nomination. If the SMSF deed is silent on the question, it can be entirely possible at times that the binding death benefit nomination (BDBN) will apply before any reversion pension documentation.
Perceptions of distrust and low value continue to exist among SMSF clients when it comes to comprehensive financial advice, fuelling concerns among accountants that their trustee clients may be missing out on key information relevant to running their SMSF, according to new BGL research.
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