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What sets franchises apart from other SMEs is the legal relationship between franchisee and franchisor.

Servicing franchises is a savvy business opportunity for accountants

18 Jan 2019

Australia’s large franchise sector is a lucrative market for accounting firms. Two experienced practitioners discuss the opportunities and challenges that come with working in the franchise sector, and what makes franchisees different to other small business clients.

The ATO identified incorrectly-claimed work-related expenses as the chief cause of the tax gap found in a July 2018 report.

ATO reports tax agents over work-related expenses

16 Jan 2019

The Australian Taxation Office’s campaign on work-related expenses has seen a jump in tax agents reported to the Tax Practitioners Board.

Droughts in Australia have plunged numerous farming families into financial crisis, prompting their accountants to help them navigate myriad drought assistance packages.

The big dry: How accountants are helping drought-stricken clients

15 Jan 2019

The long-running drought in Australia is crippling farming families, with many in financial crisis. Here’s what it’s been like for accountants working with afflicted clients.

The most important step for accounting practitioners is to be able to provide the professional indemnity insurer with a very detailed roadmap of the type of business they operate and its exposure to risk.

Practitioners grapple with skyrocketing PI costs

15 Jan 2019

With insurers increasingly averse to risk, accounting firms are having to pick up the tab.

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ACCOUNTING

TPB has been working closely with the ATO to examine data which shows about 5 per cent of tax practitioners have late lodgments with the ATO.

Late lodgments with the ATO: Time ticks down to pay the piper

14 Jan 2019

Australian accountants lagging in their various tax obligations are being put on notice.

73 per cent of Gen Zers are open to an accountancy career, while 21 per cent have committed to working in the accounting profession.

Seeking stability: why Gen Z is so attracted to accounting careers

07 Jan 2019

The latest generation of young people now entering the workforce – Gen Z – is seeking a stable career, and that presents an enormous opportunity for the accounting profession. There are a number of factors going into why Gen Z is attracted to a career in accounting.

Will Ferrell stars in the 2006 Sony Pictures release, "Stranger Than Fiction". Credit: Mary Evans Picture Library

Quiz: 15 accountants on the screen

20 Dec 2018

You may be surprised at how frequently tax disputes occur in the movies, or how often accountants are in the thick of the action on screen. Test your knowledge of accountants in film and television in this fun quiz.

CIA State Representatives 1922

7 inspiring accountants who dared to go beyond the books

04 Dec 2018

From championing female representation in accounting to taking on Wall Street titans, Australian accountants have quietly played profound roles in fighting for what is right. INTHEBLACK celebrates seven extraordinary accountants who have gone beyond the balance books.


Work Smart

Excel Slideshare cover image

Power up your Excel skills

06 Dec 2018

Excel is way more than just spreadsheets. It can be used for data analysis and to transform numbers to graphics you can use in presentations. That makes it a valuable tool for your finance career. Here are nine handy demonstrations on how to use Excel better.

In a globalised world, a job overseas where you can experience different working cultures can be an important way for professionals to differentiate themselves and get ahead in their careers.

Is a job overseas the right move for your career?

01 Dec 2018

Whether you have been offered a job overseas or been bitten by the travel bug, there are myriad variables to consider before accepting a foreign posting. Start with this checklist.

10 per cent of employee turnover was due to bad hiring decisions. Don't fall into the same mistake.

What to do when you've made a bad hire

01 Dec 2018

The candidate you hired looked good on paper and interviewed well, but you start to think you have made a hiring mistake. Here's what to do next.

People with a growth mindset believe intelligence can be developed, so they invest energy in learning in order to future-proof their careers.

Can a growth mindset future-proof your career?

01 Dec 2018

It’s common to feel afraid of change, but adopting a growth mindset can help give you a different perspective and reap rewards in your career. Here's how a growth mindset can help you future-proof.


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December 2018
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