INPRACTICE

For accountants in public practice

HELPFUL LINKS

Best accounting software: measuring the pros and cons

Is you accounting software the right fir for you?

PRACTICE MANAGEMENT: Practical advice and tips for running a practice

Businesses merely amplify the ordinary challenges of relationships, and those issues become more obvious.

Power couples: Top tips on working with your spouse

01 Nov 2020

Working with your partner can be extremely rewarding. However, without proper planning and careful handling, things can easily end in tears. How do you make it work as a couple in business?

Will specialisation ensure your business's success?

01 Oct 2020

To specialise or not to specialise? That is the question. These public practitioners say the answer is specialisation, but not necessarily at the cost of multi-domain expertise.

The need for reliable information has increased and it is up to finance professionals to ensure that not only are statutory obligations met but also that maximum transparency is provided.

Roadmap for annual reporting in the COVID-19 era

31 Aug 2020

CPA Australia, in co-operation with the Australian Institute of Company Directors and Chartered Accountants Australia and New Zealand, has published Impacts of COVID-19 on Annual Report Disclosures: A Guide for Directors, Preparers and Auditors.

COVID-related scenarios can rapidly change, so organisations need to ensure their plan is relevant and addresses all factors.

Untangling COVID-19 workplace requirements

25 Aug 2020

The coronavirus pandemic has increased the complexity of workplace laws. It gets more confusing if your business is based in multiple states.

As tax agents have begun meeting with their clients, many are checking income received from the stimulus measures as part of income tax return discussions.

Tax time 2020: Economic stimulus and tax whistleblowers

22 Jul 2020

COVID-19 economic stimulus measures provided many businesses with much-needed support. However, accountants may come across clients who have rearranged their affairs in concerning ways to get access to these measures. Here are options for CPAs who encounter these situations and the protections afforded by the tax whistleblower laws introduced last year.

There’s a clear role for accountants around making the right data available on which employers can make informed, independent decisions on MySuper default fund selection, without breaking the law.

Super fund selection: accountants bridge gap between advice and guidance

01 Apr 2020

How can accountants remain the first port of call for employers looking to choose a MySuper default fund without crossing the divide into advice land?

TAKING YOUR SKILLS, AND YOUR PRACTICE, TO THE NEXT LEVEL

Many companies are moving away from performance review dependency to an informal check-in culture, which boosts performance by more than 60 per cent.

Checking in: The power of constructive feedback

01 May 2021

Forget the annual performance review - what we need instead is a new feedback culture that is consistent, respectful and two-way.

Decades of research have consistently shown that brainstorming groups think of far fewer ideas than the same number of people who work alone and later pool their ideas.

Is there a better way to brainstorm?

01 May 2021

If you are dreading your team's next brainstorming session, it is time to change your approach.

One of the biggest challenges any mentor-mentee relationship faces is allocating time to step away from day-to-day work and focus on the bigger picture.

How to make mentoring successful

01 Apr 2021

A carefully thought out, well-structured mentorship program brings benefits for both the mentee and mentor.

HOW TO: PRACTICAL OR TECHNICAL TIPS FOR YOUR PRACTICE

The sooner an insolvency practitioner is made aware of a client’s financial difficulties, the more options become available to the accountant and client.

Insolvency: How to recognise the signs

01 Dec 2020

Learning to recognise early signs of trouble, and partnering with an insolvency expert, can help public practitioners save their clients from going under.

An area of significant concern for small business owners is the uncertainty of future consumer behaviour following the easing of restrictions, and how quickly and confidently consumers start returning to previous spending habits.

The role of accountants in providing loan advice to SMEs

01 Sep 2020

Now more than ever, professional accountants in public practice are well positioned to leverage their relationships with funding bodies to help deliver the best outcomes for clients.

Over the next five years, data analytics and AI are expected to have a growing impact on public practices.

How technology for accountants is transforming modern practices

01 Mar 2020

Technology is now the lifeblood of almost every professional organisation. Three public practitioners talk about the forward planning they are doing, their plans to use technology and how clients will benefit.

Financial counsellors often support clients free-of-charge as they make changes to their living expenses and address debts.

How accountants can work with financial counsellors

01 Apr 2021

As government stimulus measures begin to taper off and the real impact of the pandemic begins to emerge, financial counsellors and accountants have a joint role to play in helping clients get back on their feet.

What you need to know before upgrading to the new generation of laptops that support the remote working revolution.

How to pick a business laptop for your accounting firm

05 Mar 2021

Buying the best laptop to suit your accounting firm’s needs can be a tough proposition, especially as the wrong choice can prove costly. Here’s how to avoid buyer’s remorse.