With the focus of accountants now shifting to the operation of their own limited AFSLs, software company AccountantsIQ said it has launched a new service with the aim of helping these practices do so with less business disruption.
AccountantsIQ said the service will provide advice documents, compliance support for both running the licence and overseeing representatives, and technical support and training.
AccountantsIQ director Bronny Speed said she has noticed a large uplift in inquiries now that the accountants’ exemption has ended and limited AFSL applications have closed.
“It is now all about limited AFSL infrastructure – to both protect the licence and also to run it efficiently,” she said.
Ms Speed said AccountantsIQ is also rolling out practical and interactive training sessions, not only to assist those who will still be providing advice, but also those who no longer can since the accountants’ exemption ceased.