Accounting work papers software provider MyWorkpapers today announced its latest technology release that will help accounting firms build stronger and more profitable relationships with clients.

The ATO’s development of an SMSF event-based reporting regime that will help administer the new transfer balance cap reporting has the potential to push local accountants out of the SMSF administration sector, playing into the hands of major administrators, a specialist SMSF adviser has warned.

Accountants who have decided not to participate in the Australian financial services licensing regime when servicing SMSF clients because they are engaging in activities that are exempt from this regulation framework need to be cautious due to anomalies existing in the rules, a specialist lawyer has said.

The superannuation advice landscape is changing like never before. Treasurer Scott Morrison’s 2016 federal budget introduced what were the most significant reforms to superannuation in a decade. The resultant scramble to legislate over 150 pages (and counting) of new laws and regulations before 30 June 2017 has been a huge undertaking for the government.

Financial advisers and licensed accountants have been instructed to keep advice to issues that must be resolved before 30 June as many are being overwhelmed by the impact of the incoming super changes on their clients.

Online transactional advice solution portal for unlicensed accountants Plenty Plus has added integration with Class Super that will give users the ability to automatically determine which of their existing clients have advice needs.

Chartered Accountants Australia and New Zealand (CAANZ) has revealed it is finalising its 2017/18 practice support program for licensed and unlicensed members.

Digital investment advice provider and fund management firm Stockspot has launched a specific service aimed at helping accountants meet the financial advice needs of their clients without having to become licensed.

AccountantsIQ has reported strong interest from licensed accountants turning to its white label statement of advice (SOA) solution, in a quest to deliver quality advice quickly and efficiently ahead of the new superannuation changes commencing on 1 July.