The use of properly structured pension reserves can be a very powerful SMSF tool as amounts allocated to replenish these reserves will not be not be considered a concessional contribution, a sector expert has said.

Many accountants have not been successful in obtaining an authorisation for a limited Australian financial services licence (AFSL) due to material deficiencies and not understanding the scope of the advice they provide, according to The Fold Legal.

Adviser and accountant expertise in the transfer of wealth during the retirement phase will be a key area that will propel business flows in the future.

Few companies, whether small, medium or large, across all industries achieve success due to a lack of vision or a dream, according to an American entrepreneurship guru.

SMSF practitioners must make the most of innovative strategies for residential real estate investments within SMSFs while gearing is still permissible and still favourable for this asset class.

The urgency for financial planners and accountants of the baby boomer generation to put in place a succession plan or exit strategy is gaining momentum and presenting younger SMSF practitioners with a unique opportunity to purchase successful businesses.

SMSF financial planning and accountancy business owners must think like entrepreneurs and standardise all operations with systems if they want to achieve rampant growth, according to an American entrepreneurship guru.

More extensive discussions about the level of risk SMSF trustees have in their portfolios need to occur to create a clearer understanding of their decisions, according to a Vanguard Australia executive.

SMSF trustees are more open to exploring relationships with advisers and accountants akin to a second opinion or sounding board, according to an industry executive.