August 2020

Read the August 2020 issue of INTHEBLACK magazine.

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


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


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


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

How COVID-19 will impact future trends in office design


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


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

Upskilling to transform the finance function at Bluescope


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?


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


Being able to help people in difficult situations is one of the reasons Shane Fitzsimmons accepted the role as head of Resilience NSW.

Authentic and respectful: The leadership style of Shane Fitzsimmons


The introduction of a safe harbour defence had already helped to shift the balance of risk away from directors, providing a defence to insolvent trading if they are meeting certain criteria.

The unintended consequences of easing insolvency laws


This Tesla Roadster, with a dummy named Starman, was launched from SpaceX’s Falcon Heavy rocket in 2018, and is known to have made it beyond the orbit of Mars. A little over two years on, in May 2020, SpaceX successfully launched a manned rocket into orbit.

Full speed ahead for electric vehicles


More and more companies around the world are embracing the concepts of integrated thinking and reporting, because they fully understand the wider benefits of doing so.

Integrated reporting: Show value, build trust


Although Australia is not without innovators, the statistics appear to tell a tale of reluctance to invest in the R&D that is vital to innovation.

Research and development tax incentives on the agenda


Forced into change, many companies discovered a new way of doing business that may just stick.

How businesses can pivot to embrace the new normal


The new requirements eliminate nearly all off-balance-sheet accounting for lessees, with the aim being to enhance transparency and comparability in financial reporting.

IFRS 16: A new era of lease reporting arrives


The good news is that today we have access to faster, better and more accurate data than ever before.

How to use big data to inform a post-pandemic roadmap


Your brain continues to work while you’re asleep, so if you have decided what you need to do the next day, you can wake up ready to hit the ground running.

Return on investment: 9 effective time management techniques


Putting faith in your team can make a huge difference to the outcome.

Risk and trust: How to effectively manage a remote team


Digital Guardian, a data loss prevention tool.

Secure your data: 6 cybersecurity solutions in the COVID-19 era


New function: XLOOKUP replaces VLOOKUP in Excel