INPRACTICE

For accountants in public practice

TOP STORIES

The ATO will be looking very closely at rental deductions this year and their detection methods are becoming more advanced.

Tax Office priorities for tax returns 2019


Without the systems and processes to cope with the rush, many practices struggle with the EOFY workload.

Not waving but drowning: How to cope with the EOFY tsunami


With a large number of accounting firms already contending with increased registration, compliance and operational costs, the prospect of even further increases in running expenses could force some practices out of the market or into mergers.

The rising cost of running an accounting practice


Finding your niche is important, and so is always being yourself when starting a new accounting practice.

My first year in practice: three CPAs recall starting their accounting practices


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According to figures provided by the AAT, last year about 30 per cent of people who took a tax dispute to the Tribunal were represented by their accountant/tax agent.

AAT a potential minefield for tax disputes


Tax Commissioner Chris Jordan.

ATO Commissioner Jordan on incorrect tax claims on rental income


Michael Kennedy FCPA and Justin Enright FCPA. Photo: Anthony Geernaert.

How to get the most out of the mentee-mentor relationship


The spotlight on underpayment has prompted many organisations to perform audits, which often reveal payroll errors that can add up to a significant underpayment bill across a large workforce.

7 mistakes that lead to staff underpayments


'About a third of employees are distracted by financial issues while at  work, with almost half spending three hours a week or more on handling personal financial issues while on the clock.

How financially fit are your firm's employees?


While salary is always important, other strategies can be used to attract candidates.

How to make your firm more attractive to job seekers


Without the systems and processes to cope with the rush, many practices struggle with the EOFY workload.

Not waving but drowning: How to cope with the EOFY tsunami


Google Hangouts Meet and Microsoft’s Skype for Business include video conferencing as part of their productivity suites and are effective for internal communications, especially managing remote teams.

Productivity tools to help you get tech smart with your accounting clients


Carbon Group founders Jamie Davison CPA and Nathan Hood CPA.

Carbon Group: good chemistry, unique elements combine for impressive growth


With a large number of accounting firms already contending with increased registration, compliance and operational costs, the prospect of even further increases in running expenses could force some practices out of the market or into mergers.

The rising cost of running an accounting practice


PRACTICE MANAGEMENT: Practical advice and tips for running a practice

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Accountant Brent Szalay FCPA uses the quiet January period to run planning sessions for the year ahead with Seiva’s management team.

Accountants share their 2019 business tips


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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


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When people know their employer values and trusts them, they will put themselves out when the workload is heavy or a colleague needs help.

Come together: staff engagement strategies for smaller accounting firms


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Data analytics is unlocking new assurance opportunities for auditors who can show a deeper understanding and different view of clients’ businesses.

Audit and the machine: how client demand is changing audit and assurance


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Podcasts can allow an accounting firm to showcase its expertise.

Should your accounting firm have a podcast?


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There is an ever-growing band of accountants who is advising and/or investing in start-up or early-stage businesses that may have a great business idea, but little or no financial smarts.

How accounting firms are connecting with start-ups


PROFESSIONAL DEVELOPMENT: TAKING YOUR SKILLS, OR YOUR PRACTICE, TO THE NEXT LEVEL

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Practices offering virtual CFO services tend to develop closer relationships with clients.

The rise and rise of the virtual CFO


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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


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To remain relevant, accountants will need to focus on becoming 'strategists with a future perspective'

Soft skills or technical skills? How accountants stay relevant in a changing world.


HOW TO: PRACTICAL OR TECHNICAL TIPS FOR YOUR PRACTICE

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Whaling scams are often hard to detect because the emails usually do not have an attachment or URL link.

6 tips to foil a whaling scam


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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


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Business owners are spoiled for choice when it comes to online accounting software. Here's a look at the key global and Australian players.

The latest in online accounting software in Australia


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One of the best ways accounting firms can protect their information from cybercrime is with an integrated IT security system.

Proven strategies to protect your accounting firm against cybercrime


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Public practitioners should allow three to five years to “get their house in order” before selling a business.

Getting your public practice ready for succession or sale


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It’s vital that all smaller public practices and many of their SME clients have in place a current incident response plan for data breaches.

Data breach response plans are no longer optional for public practices. Here’s what yours needs.


CASE STORIES: LEARN FROM OTHER PUBLIC PRACTITIONERS

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Accountant Brent Szalay FCPA uses the quiet January period to run planning sessions for the year ahead with Seiva’s management team.

Accountants share their 2019 business tips


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Before you can start properly building up an accounting practice, it’s essential to have strong foundations.

Building an accounting practice from the ground up


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Peter Knights is a pivotal part of the St Arnaud sporting community.

Giving back to rural Victoria: Peter Knights FCPA