INPRACTICE

For accountants in public practice

THE LATEST

For practitioners, justifying the reasons for a fee rise is paramount because if you can’t, some clients will jump straight to competitors.

How to communicate a fee increase (without losing clients)


Advisers must be aware of their duties and obligations to the trustee, the member and/or the beneficiaries of that BDBN.

Have you been ‘given’ a valid BDBN?


Informed consent also requires accountants to give their clients sufficient time to form an opinion about the information and any proposed transaction.

FASEA draft code of ethics puts informed consent back on the radar


Here are five key areas to look at to ensure you’re meeting your compliance obligations.

Testing accountants' compliance with licensing requirements: 5 key areas


ALL INPRACTICE ARTICLES

The way a firm is structured makes a difference when it wants to bring in new people, retain them or plan for succession.

Alternative ways to structure your accounting practice


Concerns are rising about the hefty fees financial advisers are about to be slugged with for being regulated by ASIC.

ASIC industry funding fees: user pays model raises more questions than it settles


Advisers must be aware of their duties and obligations to the trustee, the member and/or the beneficiaries of that BDBN.

Have you been ‘given’ a valid BDBN?


For practitioners, justifying the reasons for a fee rise is paramount because if you can’t, some clients will jump straight to competitors.

How to communicate a fee increase (without losing clients)


Bitcoin and other cryptocurrencies are the latest in a long line of weapons that fraudsters are using to prey on the vulnerable.

Beware of bitcoin fake tax debts scam


Informed consent also requires accountants to give their clients sufficient time to form an opinion about the information and any proposed transaction.

FASEA draft code of ethics puts informed consent back on the radar


In recent years, regulators, legislators and law enforcement agencies have joined forces to make it more difficult for phoenixing to occur, and they are claiming some success.

Regulators disrupt phoenix companies’ flight plans


INTHEBLACK

Financial planning reforms impact practice staffing


Here are five key areas to look at to ensure you’re meeting your compliance obligations.

Testing accountants' compliance with licensing requirements: 5 key areas


Practitioners need to stay on top of any tax changes in order to correctly advise their clients.

The top 8 issues facing accounting practices today


HOW TO

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The rewards for cybercriminals from gaining access to client records can be substantial, and no accounting practice is too small.

Why even small practices are cybercrime targets


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Getting the price right: the risk of underpricing is long hours for meagre earnings.

Price perfect: How to avoid being overworked and underpaid


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An agreement between an accountancy practice and financial planner is a relationship like any other, so regular communication is vital.

5 tips for referring clients to a financial planner


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A licensed accountant should keep good records of the discussions they have with clients when providing SMSF services.

ASIC: How to help your clients set up an SMSF


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Don't slip up, learn how to ensure your client information is correct.

Understanding reasonable care


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It is imperative that as professional advisers we seek to verify what we know and what we are told by clients.

Get client documentation right and avoid tax disputes


PRACTICE MANAGEMENT

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It’s critical to know what you stand for in a crowded environment.

5 hot marketing tips for 2018


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It is important to manage client expectations, including the time it will take and the cost to provide considered written advice.

Top answers to common client questions


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The key is in knowing the client, getting back to basics and asking lots of questions.

Beware bad clients


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It's 20 times easier to get new business from existing clients than to bring in new clients, are you making the most of clients?

Existing clients: is your accounting firm making the most of them?


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Accountants may find it difficult to say no to an executorship. But it's possible to decline and still maintain a good relationship with your client.

Say no to being an executor and still keep the client


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The Fair Work Ombudsman has successfully taken legal action against a professional services firm for being an accessory to a contravention by a client.

Landmark decision holds accountancy firm liable for client's underpayments


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

Stop writing lists and become more productive


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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.


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A USP can help your practice stand out from the crowd

Does your business have a USP?