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.
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.
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.
The year-end offers good opportunities to build relationships. Here's how accounting firms can make the most of the time and improve their client and staff engagement.
Evolving technology, finding and retaining the right talent, and providing better advisory services to clients present the greatest challenges – and opportunities – for small- and medium-sized practitioners (SMPs), heard attendees at the World Congress of Accountants (WCOA).
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.
Savvy accounting firms are using their relationships with start-up tech entrepreneurs to deliver internal efficiencies and create exciting new lines of business.
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.
Transforming organisations should actively involve all stakeholders in the journey, ATO deputy commissioner James O’Halloran tells CPA Congress in Melbourne. And that includes clients.
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.
Auditors of self-managed superannuation funds (SMSFs) have been in the regulatory spotlight since 2013, when registration became a requirement under the government’s Stronger Super reforms.
The ATO is proactively working to help practitioners with smaller clients resolve some of the unique challenges they face with single touch payroll (STP) reporting.
Suspect financial transactions are being scrutinised and then stamped out in New Zealand under its money laundering laws. Here’s why Australian accountants need to take notice.
An ASIC review highlights that some people are just not suited for self-managed superannuation funds (SMSFs) and the onus is on financial advisers to recognise when this might be the case.
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.
The accounting profession is well-placed to take advantage of the emerging data analytics revolution but it will require a redesign for many firms, as well as a major change of mindset.
Growing every client’s business is the ultimate goal for modern accounting practitioners and their firms. Here are four ways to help you do it.