All accountants should mark Mental Health Month in their calendar. Accounting expert Coco Hou explains why.
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Jeevan Tokhi is joined by Shelley Banton, Head of Technical at ASF Audits.
ASF Audits is a leading independent SMSF Auditor with a team of highly skilled and specialised SMSF auditors.
ASF Audits has over 20 years’ experience working with large administrators, mid-tier to small accounting firms, and financial advisers.
In recent weeks the ATO has sent a mail out to around 18,000 SMSFs and their auditors where the ATO believes the SMSF investment strategies may not meet the diversification requirements under the SIS Act.
Jeevan and Shelley sit down and discuss what this means for SMSF Trustees and Auditors.
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Disclaimer: The views, information and opinions expressed during “BGL Podcasts” are solely those of the individuals involved and do not necessarily reflect the official policy or position of BGL Corporate Solutions Pty Ltd and its employees.
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.
You may have read the response from CAANZ and CPA Australia this morning to all the flack they have got this week from members and in the industry media.
If not, here is the link:
https://www.accountantsdaily.com.au/business/13543-ca-anz-cpa-defend-accountants-exemption-decision
I agree 100% the whole financial services system is broken and needs to be fixed.
But you need to start somewhere and returning something similar to the Accountants’ Exemption as a start.
Ruling out support for this because you want more, when this is NOT even on the table at the moment, is pathetic, a cop out and a complete let down of the CAANZ / CPA members.
When will the advocacy activities of these organisations start to reflect the views of their members? When will they listen to them?
I would have thought with what has happened at the CPA’s over the past few years, they may have been more inclined to listen to their members – obviously not!
As I said earlier this week, it is really poor that these organisations are not supporting the return of the Accountants’ Exemption for their members – maybe their members will at some stage stop supporting them with membership fees?
The accounting profession does not have to follow in the footsteps of the financial services industry and raise minimum education requirements, Treasury has been told.
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.
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