INPRACTICE

For accountants in public practice

The Latest

Passing it down the line: how to prepare your practice for sale.

Selling your business? Good planning matters

01 Jul 2017

Good planning when preparing your public practice for sale or handover can increase its value and help you to still do the best by your clients.

Accounting estimates, accounting policy choices and key disclosures are the three broad areas of focus by ASIC.

ASIC renews focus on financial report quality

25 Jul 2017

The corporate regulator has again called on company directors and financial report preparers to ensure the information is meaningful to users.

The best way to manage potential partner conflict is to prepare a shareholders' agreement when the business is launched.

When to call in the mediator

01 Jul 2017

Accountants who step in when business partnerships go sour can inadvertently make matters worse. At the first sign of trouble, call in the mediator.

When is a contractor really an employee?

28 Jun 2017

It is crucial to understand the differences between employees and contractors because as an employer, you will be held responsible for getting it right.


MORE ARTICLES

Accounting estimates, accounting policy choices and key disclosures are the three broad areas of focus by ASIC.

ASIC renews focus on financial report quality

The corporate regulator has again called on company directors and financial report preparers to ensure the information is meaningful to users.

Audit trends: When are auditors raising concerns?

At what point does an auditor decide that a company is at risk of being unable to continue in business – and need to highlight that risk by issuing a “going concern” emphasis of matter in their report?

LIVE CHAT: Managing your occupational risk (session 2)

Public accountants are subject to a number of occupational risks. One of the common financial instruments used to manage these risks is professional indemnity insurance (PII).

LIVE CHAT: Managing your occupational risk (session 1)

Public accountants are subject to a number of occupational risks. One of the common financial instruments used to manage these risks is professional indemnity insurance (PII).

Managers in many types of organisations have a tendency to want to do everything themselves

Stop writing lists and become more productive

Does your to-do list never seem to shrink? You’re not alone, but your business will grow only when your list focuses mostly on setting priorities and delegating tasks.

The best way to manage potential partner conflict is to prepare a shareholders' agreement when the business is launched.

When to call in the mediator

Accountants who step in when business partnerships go sour can inadvertently make matters worse. At the first sign of trouble, call in the mediator.

Passing it down the line: how to prepare your practice for sale.

Selling your business? Good planning matters

Good planning when preparing your public practice for sale or handover can increase its value and help you to still do the best by your clients.

When is a contractor really an employee?

It is crucial to understand the differences between employees and contractors because as an employer, you will be held responsible for getting it right.

In addition to the high degree of diligence, skill and time investment, executors must be kind, respectful, empathetic, good managers and leaders.

It’s your funeral – the (frequently thankless) role of the executor

It takes a quick thinking and a time-rich person to properly discharge all the obligations of being an executor. Accountants are often tasked to fill this role but it comes with risks. Here’s why.

Everything you need to prepare for IFRS 16

IFRS 16 Leases introduces dramatic changes to accounting for leases, particularly for lessees in their financial statements.

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Allowing the next generation to take over IT initiatives is an effective way to future-proof the business.

5 steps to prepare your family business for the next generation

07 Jun 2017

Successfully engaging the next generation in a family business often depends on how well the parents accommodate the personal objectives of their children.

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While there are pros and cons to ditching the timesheet, some firms are reaping the benefits of a different approach to billing.

How to implement value-based billing

30 May 2017

Switching from billable hours to value billing can’t happen overnight, but in the long run can offer benefits to accountants and clients.

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INTHEBLACK

How predictive intelligence can help grow your practice

11 May 2017

SPONSORED VIDEO. Trust is a key ingredient in client relationships, and a perfectly timed email can demonstrate your expertise and deepen those connections.

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Apple prides itself on giving customers a satisfying experience when they enter one of its stores.

How to create an Apple-grade customer experience

01 Jun 2017

Clients can be high maintenance, but it’s all about keeping them coming back for more. For market leaders like Apple, technology has changed customer service so that every phase of a customer’s experience is carefully planned and makes them feel valued.

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The more things that accounting software can connect to, the more valuable it will be.

Cloud accounting: what you need to consider

01 May 2017

When small to medium businesses choose software, the big factors to consider are the suites of apps on offer and how well each option connects to other systems.

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How to attract talent to your accounting practice

27 Apr 2017

In today’s job market, accounting firms seeking top talent have to be proactive.

Practice Management

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EOFY resolutions for your small business

26 Jun 2017

The start of a new financial year is a good time to set business resolutions. To jump start your planning, CPA Australia has put together the following tips.

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The option to conduct a review instead of an audit, even if allowed under relevant legislation, depends on the entity’s constitution.

Review or audit? Help your clients understand the difference.

22 Jun 2017

Many of your clients may not be aware that the entity they manage may not require an audit.

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A USP can help your practice stand out from the crowd

Does your business have a USP?

27 Jan 2017

A unique selling proposition can help cut through the clutter, but you have to walk the talk.

INPRACTICE Profiles

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Derek Grima CPA set up Ballarat-based BeFinancial, an accounting and business solutions practice

Small practice dreams big in Ballarat

01 Jun 2017

Ballarat local Derek Grima CPA wants to give small businesses brilliant service. He set up his own practice to do just that.

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Keeping up the good fight: Allan Lorraine FCPA. Photographer: Damien Pleming.

At 90, Allan Lorraine FCPA geared up for the fight of his life

01 Feb 2017

At a time when most people are winding down, Lorraine geared up for a fight to right the wrongs of a proprietor and a bureaucracy that didn’t seem to care.

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Robyn Erskine FCPA

Why people skills matter in the insolvency business

05 Nov 2015

Robyn Erskine FCPA says people skills are a vital part of insolvency work.