Knowledge Archive

Crowd Sourced Funding Amendments Create Opportunities for Accountants!

If you want your accountancy firm to “stay ahead of the game” and offer a wide range of solutions for your clients – The Australian government has delivered a...

Class – Latest SMSF Benchmark Report for June Quarter

Impact of Super Reforms shows tectonic shift in assets, with taxable SMSF assets almost doubling to $422bn  

The latest Class SMSF Benchmark Report has exposed the real impact of Super...

Salary Sacrifice – Q&A – Termination related payments and salary sacrifice

Question

An employee is being terminated and it is proposed the following termination related payments will be made:

  1. Unused Annual Leave
  2. Unused LSL
  3. Payment in lieu of notice
  4. Gratuity
  5. Final pay up to termination date

The...

The Ultimate Guide to Selecting and Implementing a Cloud-based SMSF Administration Solution

The brand new eBook:

Navigating Technology Choices

TBAR has arrived and with its arrival comes the need for more rigorous processing...

Good Bad Ugly Insight Report Technology 2018, is now available

The Good Bad Ugly Insight Report Technology is now available to download.

We would love...

Class – March 2018 SMSF Benchmark Report – SMSFs continue to fuel ETF growth

Class has released the SMSF Benchmark Report for the March 2018 quarter.

Approximately one third of ETF investors are SMSFs and more than half of all ETF assets are held...

The ATO Commissioner’s Annual Report, and all that may follow

Late last year the Commissioner of Taxation’s Annual Report was released by the Australian Taxation Office (ATO). A few key themes were evident in the report including the refinement...

The Top 10 Apps To Market Your Accounting Practice

When it comes to marketing your accounting firm, many accountants resort to the same old techniques that have been mainstays for decades, such as advertising in the phone book...

We asked 20 accounting firms what stopped them from outsourcing – Here’s the results…

Busy, overworked and under pressure- if this sounds like your accounting practice you’re not alone!

Increasing work pressure is the usual trigger for accountants to look into outsourcing, add to...

“I’ll be back”. Why Artificial Intelligence (AI) is fast becoming the Terminator of Accounting

When Arnold Schwarzenegger first immortalized those words as an AI machine from the future, who would have thought that the accounting industry at large would be affected, and yet...

CommBank Professional Services Insights – Feb 18

The professional services industry is undergoing deep and lasting structural changes, driven by disruptive technologies and shifting customer demands. But businesses of all sizes are responding to these challenges head...

The ATO and Robo-advice

The ATO recently issued a statement  about accountants referring clients to robo advice businesses. It has since removed the statement from its website likely because it crossed into an...

Are Super Reforms set to close the SMSF gender gap?

As the impact of Super Reforms continues to roll-out across the SMSF industry, the latest Class SMSF Benchmark Report reveals interesting insights into the average SMSF balances of males...

Data Feeds – The Facts that Matter

There has been a fair bit of commentary across the SMSF industry on data feeds of late – particularly around what the term ‘reliable’ means in relation to data...

Franchisor liability has changed

There have been recent amendments to workplace laws that affect certain franchisors. Under these changes, there are additional provisions that mean franchisors can be held responsible for contraventions of...

New Law. Higher Penalties. Now In Effect.

The Fair Work Amendment (Protecting Vulnerable Workers) Act 2017 has now come into effect. This means new, higher penalties for serious contraventions of workplace laws and record keeping breaches...

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