End of financial year posing ‘real danger’ for SMSF trustees
With a large number of accounting firms either unlicensed or new to licensing, there is a significant risk that many SMSF trustees could be caught out by the new super rules and left facing large penalties, cautions one financial services firm. Speaking to SMSF Adviser, Merit Wealth accountants services director David Moss said almost every client with an SMSF will need a conversation from either an accountant or financial planner.