JA Chartered Accountants Ltd

Hi everyone, With the upcoming changes to client monies for CAANZ members, I'm curious about how others are planning to adapt. Under the new rules, if we bill our clients monthly, we won't be able to have more than 20% of the fee prepaid. Are you considering setting up Trust accounts or altering your invoicing methods? Personally, I'm hesitant to revert to a Trust account due to the additional requirements, but waiting months to receive payment isn't a great alternative either. Looking forward to hearing your thoughts and strategies!

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