Rental deductions and cryptocurrency data-matching are joining work-related expenses on the Australian Taxation Office’s list of priorities as Australians prepare to lodge their tax returns.
Tax time can be a trying time for many practitioners, but there are ways to ease the burden. Here three leading practitioners share their views on how to manage the surge in financial year-end client demands.
Recent regulatory changes threaten to intensify what many believe is already a perfect costs storm that is hitting accounting practitioners.
Three accountants from different generations, backgrounds, locations and with different areas of expertise recall their first year running their own accounting practice.
Blurred lines and controversial decisions mean that going to the Administrative Appeals Tribunal can be a risky proposition.
Tax Commissioner Chris Jordan says the Australian Taxation Office (ATO) is focusing on rental income as it pays more attention to “individuals not in business”.
What happens when a mentee-mentor relationship continues throughout two careers and results in the mentee becoming the employer and the mentor becoming the employee? Two CPAs share their experiences.
Nearly every week, news breaks of yet another employer in Australia underpaying employees. The penalties are high and the public shaming bad for business. How can employers ensure they comply with the law?
Darren Smith CPA explains how encouraging staff to get on top of their financial health early can benefit your public practice.
How can a small or medium-sized business be seen as a good workplace and stand out to job seekers? First, create an environment where people want to work.
From faster file notes to smart notebooks and video calls, accountants can benefit from these latest productivity tips for their accounting firms.
Accounting firm Carbon Group, founded by two CPAs, has chalked up some impressive growth in Australia and is looking to expand further.
Download the complimentary eBook
Finding it hard to pick up the pace after the year-end break? Three CPAs share their tips and tricks for taking on the new year strategically and reflect on the economic outlook for accountants and their practices in 2019.
With insurers increasingly averse to risk, accounting firms are having to pick up the tab.
All work and no play make Jack, Jane and everyone in-between not only dull, but unproductive. Here’s why staff engagement is critical to the success of your smaller accounting firm.
Clients are demanding more from auditors because they know machine processes are available to provide greater insights, the World Congress of Accountants (WCOA) learned.
Podcasts can reach virtually anyone, anywhere, anytime, but for an accounting firm, launching a podcast is not a decision to be made lightly. Here's what to think about before you decide.
Savvy accounting firms are using their relationships with start-up tech entrepreneurs to deliver internal efficiencies and create exciting new lines of business.
Practitioners performing the role of a virtual CFO are not only widening their client base and growing revenue but riding a wave of increasing demand.
Australia’s large franchise sector is a lucrative market for accounting firms. Two experienced practitioners discuss the opportunities and challenges that come with working in the franchise sector, and what makes franchisees different to other small business clients.
Teaching staff about empathy and how to communicate with clients: a panel discussion at the World Congress of Accountants (WCOA) argued that these “soft skills” are just as important to the modern accounting firm as technical skills.
Accounting firms are vulnerable to whaling scams, where cybercriminals impersonate a senior executive.
Australian accountants lagging in their various tax obligations are being put on notice.
Accounting software companies are developing products at a breakneck pace for small business and accountants. Here are the pros and cons of Xero, MYOB, Sage and more.
Something phishy about an email your business received? That's only the beginning. Here's why adopting the right strategies to prevent cybercrime is crucial for your accounting firm.
Selling your public practice outright or passing it on to a family member aren’t the only paths available when it comes time to start planning for succession. Here are some of the many options.
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.
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.
Public practitioner Peter Knights FCPA finds his accounting skills in high demand in rural Victoria.