Do Your SMSFs Have an Accountant?

More people prefer self-managed super funds (SMSFs) when saving for retirement because of the control it gives you when it comes to your investment decisions. But with this great amount of control arises the duty to comply with the super and tax laws. SMSF accountants have been around for many years to provide compliance services … Read more

How Outsourcing Compliance Can Help Your Accounting Firm Respond to Digital Disruption

The digital disruption poses significant threats to the Australian economy and will have a profound effect on the accounting industry and, specifically, the role of accountants. This is what Findex Group warned to the accounting profession, noting that the industry is under extreme pressure, with tax and reporting work facing an immediate risk. Findex Group … Read more

Downturn of Compliance Work: Boon or Bane?

0 The number of SMSF (Self-Managed Super Fund) service providers is expecting a “natural decline”, according to a leading SMSF authority. The SMSF Academy’s co-founder Aaron Dunn states “They’ll realise there are skill sets [required for servicing SMSFs] that don’t suit them and they are bringing greater risk to their business than opportunity.”1 Whether this … Read more