Practice Management Archive

The Top Challenge Facing Accounting Firms in 2018

Efficiency of process has been amongst the top three challenges facing the Australian accounting industry for the last five years, and accountants have voted it as the biggest challenge...

FWC Casual Conversion Decision

The Fair Work Commission has determined that casual workers covered by 85 of the approximately 120 federal Modern Awards will be given the right to request...

Penalty Rate Changes 2017

On 5 June 2017, the Fair Work Commission (FWC) handed down a decision about how the changes to Sunday penalty rates will be introduced. The FWC decided they will...

Important Changes from 1 July 2017

In addition to the increased minimum wages and changes to penalty payments under some Modern Awards, there...

Future Proof Your Business at Class Connect 2017

REGISTER FOR CLASS CONNECT CONFERENCE | 26-28th JULY 2017 | SYDNEY HILTON HOTEL

This year has been a tumultuous time for the accounting profession, particularly those who administer SMSFs.

It’s just...

The 7 Overlooked Benefits of Proper Document Management

Hardly an exciting point of discussion, document management is often overlooked in discussions around efficiency in accounting firms. Yet, partners who realise how much time and energy is being...

Many Employers Issuing Non-Compliant Contracts

Workforce Guardian regularly come across poorly-drafted employment contracts which expose the employer to significant legal risk.

In an effort to understand just how widespread this problem is, we decided to...

Technology, Outsourcing and the Future of our Young Accountants

There’s no doubt that technology and outsourcing are both having a significant impact on the way that financial data is collected, processed, analysed and delivered to clients. Larger accounting...

SMEs Equity Raising Needs Accountants to be Successful

With Crowd-Sourced Funding Equity Raising officially able to commence from 29th September 2017, it’s an appropriate time to visit the significant equity raising opportunities that are now available for...

Business Advisory Trends around the Globe

By Mark Holton

I was recently asked to give my impression of business advisory trends and developments from my recent and past work and travel in the United States, Canada,...

Good Bad Ugly Insight Report – Technology, now available

The 2017 Good Bad Ugly Insight Report – Technology is now available to download.

Over 300 firms contributed to this poll to provide the insights and trends into your industry.

We...

Crowd-Sourced Funding “A New Income Stream” For Accountants/Advisers

In their “Digital Disruption/Short Fuse Big Bang” 2012 report Deloitte suggested that accountants/advisers should be “creating new income streams” to combat difficulties relating to “Digital Disruption”.

Whilst Crowd-Sourced Funding is...

Government Proposing that Proprietary Companies Can Participate in Crowd-Sourced Funding

The Federal government has released an “Exposure Draft” which would enable Proprietary Companies to participate in Crowd-Sourced Funding.

The Crowd-Sourced Funding Legislation which enables Proprietary Companies to be converted to...

The missing link in your firm’s day-to-day efficiency

The trend

In the last decade, a silent trend has been sweeping through the Australian accounting industry. It’s a small switch that has seen some impressive results. In fact, it’s...

The Federal Budget 2017: opportunities for tax advisors and their clients

Like Christmas, the budget comes around every year and a great deal of drama and noise precedes it. But when the excitement of the big day subsides, the big...

The struggle for accountability

As I have conversations with, and work with firms a constant theme is frustration with accountability. People unwilling to be accountable and others being unwilling to hold people accountable....

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