Now that many small businesses are required to report and respond to a data breach – and do so within 30 days – it pays to have a response plan in place to protect client confidence and avoid reputational damage. All public practices must now pre-plan for if the worst happens.
Auditors of self-managed superannuation funds (SMSFs) have been in the regulatory spotlight since 2013, when registration became a requirement under the government’s Stronger Super reforms.
The ATO is proactively working to help practitioners with smaller clients resolve some of the unique challenges they face with single touch payroll (STP) reporting.
Suspect financial transactions are being scrutinised and then stamped out in New Zealand under its money laundering laws. Here’s why Australian accountants need to take notice.
An ASIC review highlights that some people are just not suited for self-managed superannuation funds (SMSFs) and the onus is on financial advisers to recognise when this might be the case.
When you hear the terms “start-up” or “entrepreneur” do you think, “That’s not me”? If you’re launching your own public practice, you’re an entrepreneur! Setting up a practice takes planning, commitment and know-how – but also a solid dose of entrepreneurial spirit, as Saurav Wadhwa CPA learned.
The accounting profession is well-placed to take advantage of the emerging data analytics revolution but it will require a redesign for many firms, as well as a major change of mindset.
Growing every client’s business is the ultimate goal for modern accounting practitioners and their firms. Here are four ways to help you do it.
Public practitioner Peter Knights FCPA finds his accounting skills in high demand in rural Victoria.