Accountants already failing on licensing processes, says tech heavyweight
Accountants who are currently unlicensed have run out of time to have in place the correct processes required for providing compliant advice by 1 July 2016, warns Smithink founder David Smith. Mr Smith told SMSF Adviser that while accountants may already be providing the type of advice they intend to provide under the limited licence next year, the licence will require additional processes to be incorporated into the advice they currently provide, something which many accountants are not prepared for.