Accountants shunning licensing ‘minefield’
Due to its complexities and limitations, some accounting firms are outright shunning the new licensing regime for SMSF advice, creating difficulties as the popularity of SMSFs continues to climb. Speaking to Accountants Daily, Anderson Tax & Consulting executive director Debra Anderson said that the new SMSF licensing regime, which came into effect on 1 July 2016, is difficult to navigate for accounting firms.