SMSF accountants should embrace the latest technological developments rather than fear the worst as all industries have to deal with the impacts of rapid change, according to an accounting software provider.

Accountants can enhance their value proposition for SMSF clients in retirement by making the decision to become the advice expert on cash-flow requirements, a technical services executive has said.

Accounting firms must ensure their financial planner partners, referral arrangements and in-house advisers will meet the Financial Adviser Standards and Ethics Authority (FASEA) requirements, and also consider the wider impact of the incoming education framework.

The post-1 July 2017 world of segregation will certainly create some new challenges. Perhaps most importantly it will be vital that accountants know whether the members have money in other superannuation funds before assuming a fund can ever be segregated.