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TPB flags priority item for tax agents with ASIC

The Tax Practitioners Board (TPB) is seeking further clarification from ASIC about a section in the Corporations Act which puts accountants and licensed financial advisers on an “uneven playing field.”

TPB flags priority item for tax agents with ASIC
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  • Shared by AccountantsDaily
  • October 17, 2017
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There is a provision in the law which says if an accountant provides certain incidental financial advice as part of tax services, they don’t necessarily need to be licensed with ASIC, the TPB’s chair Ian Taylor explained to sister publication SMSF Adviser.

Read the full article on Accountants Daily.

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