INPRACTICE

For accountants in public practice

TOP STORIES

Many firms do not regularly reach out to their clients to get insights that will help deliver greater value.

Use data analytics to deliver distinctive experiences to your accounting clients


A lot of practitioners would favour the internal succession route, but you have to get the right person.

Succession planning for accounting firms: Is internal succession the best option?


The jobs market has changed. These days many applicants are seeking out accounting roles that, beyond just a competitive salary, are in accounting practices that offer them a range of other benefits.

How to employ the right staff for your accounting practice


Trustees will still have every year audited, but this would be completed once every three years.

Three-year SMSF audits: how auditors will be affected


ALL INPRACTICE ARTICLES

Many firms do not regularly reach out to their clients to get insights that will help deliver greater value.

Use data analytics to deliver distinctive experiences to your accounting clients


Playing a pivotal role in their clients’ professional lives allows accounting firms to move away from simply crunching numbers and transition to a business advisory role.

4 strategies to help your accounting clients grow their business


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

Giving back to rural Victoria: Peter Knights FCPA


A brand is a name, symbol, concept, experience, way of life, and much, much more.

Why your accounting practice brand is more than a logo


AASB proposes to end SPFR in Australia, which would be a seismic change to financial reporting with far-reaching implications.

Special purpose financial reporting: its days may be numbered


A lot of practitioners would favour the internal succession route, but you have to get the right person.

Succession planning for accounting firms: Is internal succession the best option?


The jobs market has changed. These days many applicants are seeking out accounting roles that, beyond just a competitive salary, are in accounting practices that offer them a range of other benefits.

How to employ the right staff for your accounting practice


Are the risks too great to accept payments in cryptocurrencies?

Should your business accept bitcoin payment?


In the accounting world, it seems there’s a divergence of views on just how useful and accurate financial earnings and balance sheets really are in helping individuals to make informed investment decisions.

Are financial statements still useful?


The Australian Bureau of Statistics estimates there are one million independent contractors currently working in Australia.

When is a contractor not a contractor?


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?