INPRACTICE

For accountants in public practice

TOP STORIES

Accountants do not currently provide designated services specified under the AML/CTF Act and their responsibilities in this area are essentially ethical, and not regulatory.

Accountants must prepare early for AML compliance


Anyone can become a victim, regardless of age, gender or education level.

Scam watch: Tax scams on the rise


The risk management plan Ron Flood CPA devised years earlier provided business continuity while he underwent cancer treatment.

When illness strikes: How a risk management plan for your accounting practice pays off


Accounting practices should be alert to a growing number of pseudo tax audit protection services being offered that, on the surface, may seem like a cost-effective solution, but underneath effectively involve practices paying for a service with no insurance backing.

Accountants beware of junk insurance for tax audits


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When you go into business you should always start with the end in mind, but most people don’t do that.

How to plan a successful exit strategy for your accounting practice


The same tactics used by unethical companies to exploit data can actually be used for good purposes.

Data analytics and your accounting practice: risks and rewards


While debt funding is the traditional go-to for established businesses, many advisors may be less aware of alternative capital options for fast-growing emerging businesses.

How to talk to clients about business growth financing


'Seemingly out of nowhere, data engineering has shifted from a Big Four specialty into a hot topic among progressive small-to-medium accounting firms.

Add 'data engineering' to your accounting firm's toolkit


Accountants do not currently provide designated services specified under the AML/CTF Act and their responsibilities in this area are essentially ethical, and not regulatory.

Accountants must prepare early for AML compliance


The risk management plan Ron Flood CPA devised years earlier provided business continuity while he underwent cancer treatment.

When illness strikes: How a risk management plan for your accounting practice pays off


For businesses and their accountants, payroll tax can be complicated and full of grey areas.

What your clients need to know about payroll tax and STP


Accounting practices should be alert to a growing number of pseudo tax audit protection services being offered that, on the surface, may seem like a cost-effective solution, but underneath effectively involve practices paying for a service with no insurance backing.

Accountants beware of junk insurance for tax audits


Whaling scams are often hard to detect because the emails usually do not have an attachment or URL link.

6 tips to foil a whaling scam


9 brilliant business ideas for 2019


Recent court cases are a stark warning to SMSF auditors, after a court found a second auditor responsible for a lion's share of SMSFs losses.

SMSF auditors under renewed scrutiny


Practices offering virtual CFO services tend to develop closer relationships with clients.

The rise and rise of the virtual CFO


What sets franchises apart from other SMEs is the legal relationship between franchisee and franchisor.

Servicing franchises is a savvy business opportunity for accountants


Accountant Brent Szalay FCPA uses the quiet January period to run planning sessions for the year ahead with Seiva’s management team.

Accountants share their 2019 business tips


Droughts in Australia have plunged numerous farming families into financial crisis, prompting their accountants to help them navigate myriad drought assistance packages.

The big dry: How accountants are helping drought-stricken clients


The most important step for accounting practitioners is to be able to provide the professional indemnity insurer with a very detailed roadmap of the type of business they operate and its exposure to risk.

Practitioners grapple with skyrocketing PI costs


TPB has been working closely with the ATO to examine data which shows about 5 per cent of tax practitioners have late lodgments with the ATO.

Late lodgments with the ATO: Time ticks down to pay the piper


When people know their employer values and trusts them, they will put themselves out when the workload is heavy or a colleague needs help.

Come together: staff engagement strategies for smaller accounting firms


Business owners are spoiled for choice when it comes to online accounting software. Here's a look at the key global and Australian players.

The latest in online accounting software in Australia


Data analytics is unlocking new assurance opportunities for auditors who can show a deeper understanding and different view of clients’ businesses.

Audit and the machine: how client demand is changing audit and assurance


PRACTICE MANAGEMENT: Practical advice and tips for running a practice

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Accountant Brent Szalay FCPA uses the quiet January period to run planning sessions for the year ahead with Seiva’s management team.

Accountants share their 2019 business tips


READ MORE
The most important step for accounting practitioners is to be able to provide the professional indemnity insurer with a very detailed roadmap of the type of business they operate and its exposure to risk.

Practitioners grapple with skyrocketing PI costs


READ MORE
When people know their employer values and trusts them, they will put themselves out when the workload is heavy or a colleague needs help.

Come together: staff engagement strategies for smaller accounting firms


READ MORE
Data analytics is unlocking new assurance opportunities for auditors who can show a deeper understanding and different view of clients’ businesses.

Audit and the machine: how client demand is changing audit and assurance


READ MORE
Podcasts can allow an accounting firm to showcase its expertise.

Should your accounting firm have a podcast?


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There is an ever-growing band of accountants who is advising and/or investing in start-up or early-stage businesses that may have a great business idea, but little or no financial smarts.

How accounting firms are connecting with start-ups


PROFESSIONAL DEVELOPMENT: TAKING YOUR SKILLS, OR YOUR PRACTICE, TO THE NEXT LEVEL

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Practices offering virtual CFO services tend to develop closer relationships with clients.

The rise and rise of the virtual CFO


READ MORE
What sets franchises apart from other SMEs is the legal relationship between franchisee and franchisor.

Servicing franchises is a savvy business opportunity for accountants


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To remain relevant, accountants will need to focus on becoming 'strategists with a future perspective'

Soft skills or technical skills? How accountants stay relevant in a changing world.


HOW TO: PRACTICAL OR TECHNICAL TIPS FOR YOUR PRACTICE

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Whaling scams are often hard to detect because the emails usually do not have an attachment or URL link.

6 tips to foil a whaling scam


READ MORE
TPB has been working closely with the ATO to examine data which shows about 5 per cent of tax practitioners have late lodgments with the ATO.

Late lodgments with the ATO: Time ticks down to pay the piper


READ MORE
Business owners are spoiled for choice when it comes to online accounting software. Here's a look at the key global and Australian players.

The latest in online accounting software in Australia


READ MORE
One of the best ways accounting firms can protect their information from cybercrime is with an integrated IT security system.

Proven strategies to protect your accounting firm against cybercrime


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Public practitioners should allow three to five years to “get their house in order” before selling a business.

Getting your public practice ready for succession or sale


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It’s vital that all smaller public practices and many of their SME clients have in place a current incident response plan for data breaches.

Data breach response plans are no longer optional for public practices. Here’s what yours needs.


CASE STORIES: LEARN FROM OTHER PUBLIC PRACTITIONERS

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Accountant Brent Szalay FCPA uses the quiet January period to run planning sessions for the year ahead with Seiva’s management team.

Accountants share their 2019 business tips


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Before you can start properly building up a public practice, it’s essential to have strong foundations.

Building a public practice from the ground up


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

Giving back to rural Victoria: Peter Knights FCPA