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Device as a Service (DaaS): Your Next Business model?

The digital technology boom of 2020 has launched businesses into an online-everything era. But e-services and remote work aren’t the only phenomena having a meteoric rise. When the world went online, cybercriminals followed. Now, businesses are looking at new options...
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Sneaky clients who miss out on big rewards

Are your clients carrying out research and development activities behind your back? You might be surprised to discover that many SMEs conduct their research and development activities in total secrecy. That’s because they’ve been scared off by blogs and articles...
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Improving Audit Quality – The role of Directors and Audit Committees

The quality of financial reports is key to confident and informed markets. The purpose of the independent audit is to provide confidence in the quality of financial reports. In recent times, there has been much discussion about the role of the auditor and their...
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Regional and Rural Accounting Practices

Market strength is still strong with a $ for $ achievable in regional rural areas. Are we heading to CBD pricing? Whilst at a regional rural conference we asked what did everyone think a practice was worth… with a silent response form the room we asked again: How much...
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How to choose the right outsourcing partner

Identify your need, partner to resolve and receive more than you expected. Outsourcing has been a sought-after route for companies to improve efficiency in business processes for a long time. For decades, major corporations have vouched that this outsourcing can give...
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7 things you should know as an ASIC Registered Agent

ASIC places an obligation on registered agents to keep up-to-date, comply and implement processes within their businesses that ensures compliance with their registered agent responsibilities. It’s never been a better time to revisit ASIC’s expectations of ASIC...
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SME Needs Analysis – A New Way to Provide Enhanced Business Services to Your Clients

If you want to add a new long-term income stream to your accountancy practice without having to meet those hefty development costs, then keep reading. At ESS BIZTOOLS, we have developed a new package that will help you to diversify into Business Advisory Services for...
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Offering Business Advisory Services Without a Contractual Commitment

Our team at ESS BIZTOOLS has created an opportunity for accountants, like you, to offer a broader range of commercial services to their SME clients in a cost effective way. Providing professional Business Advisory Services can add a new stream of income that will flow...
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Women in Accounting | Nominations are Open

Nominate a woman today, to recognise their achievements in 2021. Whether it's a woman you work with, a woman who inspires you, or a woman who has mentored you. We first launched the 'Women in Accounting' initiative on International Women's Day in 2018, as a way to...
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Sending ATO correspondence – which option is right for your practice and your clients?

Emails, letters, phone calls, texts, client portals, dedicated mobile apps – there is certainly no shortage of communication options we navigate daily. Throw in personal client preferences and getting important correspondence to your clients, it can easily become a...
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Turn your SMSF business into a profit powerhouse

Any accountant or financial adviser, particularly those working in the SMSF space would have experienced downward pressure on profits over the last 5 years. Increased complexity and compliance requirements have led to a blow out of SMSF administration time, and it can...
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Is Remote Auditing Here To Stay?

In recent years, technology has had a significant influence on the way auditors communicate with clients. A key part of this trend has been the shift from exclusively on-site auditing to a blend of on-site and remote activities which recognises the important role...
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Never miss an activity statement again!

You’ll no doubt recall that the ATO had to quickly revert its decision to stop issuing paper instalment notices after the December 2020 quarter, when the swift switch to a “digital only” delivery method of the instalment notices left many advisers in the dark and...
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4 Ways to Strengthen Your Firm’s Cybersecurity Infrastructure to Prevent an Attack

Creating a strong cybersecurity infrastructure is becoming a top priority for businesses around the world. Since shifting to remote work, cybersecurity attacks have drastically increased costing businesses millions. An IBM 2020 report found that it takes a company an...
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Why would my clients use a third-party service I recommend?

It’s a great question and one that many accountants over the years have asked. Before I answer this, I wanted to welcome you all to 2022 and our first blog of the year. I thought it best to cover off on the most important issue when it comes to partnering with other...
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Tax organisations urged to better safeguard client information

The ATO is urging tax professionals to be more vigilant when it comes to protecting client information, both on and offline. Research by tech firm Tenable indicates that cybersecurity incidents increased during 2021. According to their findings, over 40 billion...
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2022 – Let’s Go!

A Happy New Year to Everyone! 2021, [YR2 of C19], was another year that most of us are very happy to say goodbye to… but a big “HELLO” to 2022 – May it be a prosperous and healthy one for everybody. Covid aside, 2021 was a good year for the Accountancy Industry and...
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Cybersecurity and External Audits – Risk and Response

Over the last few years, there has been considerable integration of technology within the process by which entities operate, including increased reliance on internet connectivity. These changes have been accelerated by the impact of COVID-19 on the way businesses...
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Auditing the Auditors – What’s ASIC trying to achieve?

In recent years, ASIC has consistently expressed concern about the quality of corporate auditing in Australia, with the Commissioner calling on audit firms to “continue to evaluate the effectiveness of their current initiatives to improve audit quality.” ASIC is...
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Don’t allow inferior data security to threaten your firm!

These extraordinary and everchanging times have prompted firms to adjust some of their regular operating procedures for staff and clients to resume face-to-face appointments safely. One requirement currently being implemented is employees as well as their clients must...
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