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There are going to be a lot of practices under even more pressure because clients are going to come in early and want their tax return completed.

Heavy lifting: Why tax time this year is more taxing

After the most turbulent year in recent history, a bushfire crisis and COVID-19 have complicated tax claims this financial year. Accountants can expect the unexpected.

Clear documentation related to the nature of payments to directors and the commercial basis of any changes is important in the event of ATO enquiries.

Time to review long-held practices for directors’ fees

The changing requirements for reporting directors’ fees have intersected with COVID-19 economic stimulus measures, activity statement reporting and Services Australia increasing potential compliance risks. Several issues have arisen which demand attention.

Because Hot Toast’s business model is centred on offering outsourced CFO services, Sarah Lawrance has been able to develop deeper relationships with her clients.

Thriving accounting practice credits close client relationships

Sarah Lawrance CPA credits leaning into challenges and having close relationships with clients to not just surviving, but thriving through difficult times.

Government COVID-19 stimulus packages have created great uncertainty for tech start-ups in Australia.

Support for tech start-ups to accelerate Australia's recovery

Support for Australia's tech sector will help it evolve to respond to new challenges.

Research by the OECD reveals that zombies hamper productivity growth, diverting credit, investment and skills from flowing to more productive and successful firms.

The economic impact of keeping zombie companies afloat

Sustaining the unsustainable is now an inflection point for an economy hell-bent on saving jobs.

Now that we can work remotely, the whole purpose of an office might change.

How COVID-19 will impact future trends in office design

The way we work – and where we work from – has changed. Does this mean office design will change as well? Three experts weight in.

CPA Australia noted in its submission to the inquiry that “there is a lack of evidence to support the notion that audit firm rotation improves audit quality”.

Audit in Australia: A way forward

Amid the Parliamentary Joint Committee's ongoing inquiry into the regulation of auditing, there are lessons to be learned from the Brydon Review.

Stephannie Jonovska FCPA (left) and Dionne Jones CPA. Photo: Anthony Geernaert.

Upskilling to transform the finance function at Bluescope

Stephannie Jonovska FCPA and Dionne Jones CPA of BlueScope Australian Steel Products are making use of every possible opportunity to upskill. The goal: a transformation of the company’s finance function, and the hope of emerging from the pandemic better than ever before.

By early June, more than 2.1 million Australians had applied to the ATO to draw on their superannuation, representing an average payout amount of A$7,500.

What is the purpose of superannuation in Australia?

Drastic times have called for drastic measures in terms of access to superannuation. At the heart of it all is the repeated question: what is the purpose of super, and how will that change in the future?

Unprecedented times, we are told, are upon us, with the very real prospect that Australia, and many countries across the world, will fall into a long economic slump.

How to grow a business during tough economic times

The business landscape has undergone irrevocable change recently, but there are plenty of lessons we can learn from previous global shocks - and those businesses that thrived regardless.

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