Accountants ‘sticking their head in noose’ on licensing
The combination of licensing changes and the superannuation reforms has left some accountants in a dangerous position, with many firms forced to choose between providing illegal advice or losing their clients, according to a financial services firm. Merit Wealth accountants services director David Moss says in light of the superannuation reforms, almost every client with an SMSF needs a conversation from an accountant or a financial adviser.