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property investment schemes

  • Why are some Accountants primarily promoting
    Property Investment Schemes ?
    Rece…

    Why are some Accountants primarily promoting
    Property Investment Schemes ?
    Recently I was sent an invitation to join an Accountants Business Page .
    But , when I looked at the Posts on the Page, nearly all were about Property Investment Schemes.
    I could not see anything about Tax Tips
    or better ways to do #Bookkeeping,
    just Get-Rich-Quick Property Investments to
    " USE SMSF and become a Millionaire overnight" offers.
    There is something wrong with an Accounting Practice if you go to their Website and the first thing you see is a Property Investment Scheme.
    .
    Imagine going to see your local Doctor,
    and in the appointment the Doctor says,
    "Now before we look at your problem,
    I want to show you the latest Property Scheme,
    I need more money for my new Mercedes."

    You would not tolerate this blatant breach of Ethics.
    .
    There is nothing wrong with Investing in #Property,
    but an #Accountant needs to have an #EthicalCode
    where the primary #Tax needs of the #Client
    are the focus of the Practice.
    .
    What do you think ?
    Should Accountants be pushing Property #Investment Schemes
    as their primary offer ?

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