“Billions wiped off share values! Market meltdown! Shares in freefall!” Well, drama sells newspapers and brings in viewers but we’d like to know where they were when the stock markets rose 30% over the last year! After all, the US share market is back where it was just 2 months ago, while Europe, the UK and Australia are back at levels last seen in January.
The following clip is a great interview with Graham Colley from the SMSF Professionals Association of Australia (SPAA) discussing the importance of advice.
The interview also highlights the need for accountants to seriously consider their own business and their licensing options prior to 1 July 2013:
I know I know, it’s only the middle of April, but somehow one day it’s the middle of April and the next it’s June 30 and the last thing anyone needs is to realise on the 1st of July that you haven’t made your super contribution. And believe me, you will realise it 1 minute after midnight on the 1st, with no recourse!