Many advisers do not foresee the potential flow-on legal consequences from merely providing an investment strategy template to an SMSF client.
With the exit of most of the big institutions, the accounting profession, which enjoys high community trust, is ideally placed to become the provider of choice.
A convoluted, excessively layered regulatory framework is preventing accountants from being able to replace waves of financial advisers leaving the industry according to Keddie Waller, financial planning policy adviser for CPA Australia.
Soft skills could be more important than your technical skills when it comes to landing your next accounting gig, say industry experts.
To answer the security question and help clients feel comfortable with online working, you’ve got to make the security aspects very clear, and place real emphasis on how the protection of client data is a priority not just for you but also for cloud providers as well.
Your accountant might soon be able to dish out financial advice, if proposed reforms to licensing from the Institute of Public Accountants (IPA) are accepted.
While in the past, the accountant was working up to 80 hours a week, he now concedes that “working harder is not always the smartest… you don’t need to give up your entire life to make a business happen and [be] successful”.
All accountants should mark Mental Health Month in their calendar. Accounting expert Coco Hou explains why.
It’s not so long ago that we had to personally engage with customers to communicate, either via phone or face-to-face. Writing a letter was the last resort, it had to be delivered by the post.
The government and regulator should consider simplifying the production of SOAs and creating a separate SMSF adviser profession with its own compliance requirements, according to an advice software provider.