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RESEARCH AND DEVELOPMENT UPDATE FROM ESS BIZTOOLS

30 April 2021 is the due date for lodgement of Research and Development Registration to AusIndustry in respect of Research and Development Activities undertaken in 2019/2020. “12 steps to planning a Research And Development Project” – you can listen to the webinar...
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Ok, time to think BIG and here’s how

Business models are changing and new processes are created all the time. However, lately it’s become a necessity to think outside the box… As a forward-thinking business owner, how do we make the most of ‘change’ and use it as an opportunity to soar to new heights?...
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So you want to be an analyst?

ACCA’s recent report on the future of professional accountants identified that ‘expert use of analytics will enable better and close to real time reporting, more predictive analysis and greater interconnectedness of financial and non-financial performance.’ In...
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Hello Brisbane, Sydney, Melbourne, Adelaide

It's been a stuffy old period with Fires, Pandemics and Floods trifecta. It definitely stopped the normal travel that we were accustomed to, therefore we have decided to 'Get Up & GO'. HELLO BRISBANE SYDNEY MELBOURNE AND ADELAIDE! Jadeja Partners’ Magnus Yoshikawa...
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ATO releases SMSF Auditor Independence Guide – What should you do?

Time is running out for accounting irms to critically review the arrangement they have with the auditors of the SMSF funds for whom they prepare financial accounts. Firms have just 3 months to make necessary arrangements to engage independent SMSF auditors. This week,...
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Nine unspoken secrets of building a customer-friendly business

“The Only Constant in Life Is Change.” - Heraclitus The world has undergone many changes, over the years businesses have evolved with these changes; one other factor that remains constant is, customers are what make businesses remain viable. Every customer-centric...
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12 Steps to “Planning a Research and Development Project”

Step 1 – a great “idea!” Step 2 – preliminary investigations into the “great idea”. Step 3 – check eligibility – to claim Research and Development Incentive Rebate must be a “company”. Step 4 – conduct “prior art/literature searches”. Step 5 – identify “core”...
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5 Tips to resource a profitable accounting team in 2021

Staying competitive in today’s business climate means evolving how you operate and hiring with that in mind. Accounting firms are increasingly reporting that they just can’t find – and keep – good talent, especially outside of city centres. While the demand for...
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How Your Admin Team Can Increase Capacity And Improve Leverage

It’s easy to understand why capacity and leverage are so important, but more difficult to appreciate why accounting firms sometimes struggle to get real success in these areas. Administration is one of the keys to effective leverage in accounting firms; by taking on...
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What’s your policy on work from home?

As an accounting firm coach, consultant and mentor one of the questions I am getting from firm owners and managers is what are other firms doing about work from home options post COVID? Unlike some businesses that cannot exist without face to face contact the reality...
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Improving your Outlook

Ever notice that your Microsoft Outlook account is slowing to a crawl? The good news is that you’ve obviously been in your job a long time! Have you notice your email functions like Send/Receive are acting a little funny? Perhaps consider checking the size of your...
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Build your own Mortgage Broker division

National Lending Group would like to invite you to our next webinar for Accountants on “Build your own Mortgage Broker division and increase the value of your accounting firm” Not many people outside of the Mortgage Broker industry realise just how valuable a “loan...
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ATO Client Correspondence API update and what it means for your practice

The ATO has made no secret of its “Less Paper” push. At ATO SmartDocs we have been part of the ATO API working group for over 12 months and things are moving very quickly. What is the ATO API? The ATO API allows third party developers who have ATO Digital Service...
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Innovative Australian tech firm show no signs of slowing when it comes to helping accountants work smarter

ATOmate announces latest integration partnership with global document management platform iManage Australian-based software automation platform ATOmate has announced their latest integration partner, joining forces with iManage to help streamline the ATO document...
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In Search of Melissa Caddick and the Missing Money

On 15th December 2020 Daniel Soire and myself were appointed Provisional Liquidators of Maliver Pty Ltd and Receivers to the property of Melissa Caddick by the Federal Court of Australia pursuant to an application by ASIC. The Caddick case continues to attract...
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R&D Shouldn’t Be In The “Too Hard” Basket!

Some of the red-tape binding together the federal government’s Research and Development Tax Incentive (RDTI) scheme is enough to make your head spin. As a concept, these tax incentives are great; no one’s disputing that. However, while the RDTI can make the costs of...
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Allocation of professional firm profits — draft ATO guidance now available

The ATO has released long-awaited draft guidance on its proposed compliance approach to the allocation of professional firm profits. The preliminary guidance is contained in the draft Practical Compliance Guideline PCG 2021/D2 (the draft Guideline). The ATO has also...
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ATO Revs Up As JobKeeper Set To End In March 2021

Although 2020 saw a temporary lull in the ATO and State Revenue Office’s usual activity level due to the COVID-19 pandemic, 2021 is already set to be as busy as ever when it comes to audits and reviews initiated by government revenue authorities. Accounting...
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The Future of Special Purpose Reporting

General Purpose and Special Purpose financial reports have been a part of Australia’s financial reporting framework for over 25 years. Changes are now afoot. New reporting standards to improve transparency, comparability and consistency of financial statements are...
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To Outsource or Not to Outsource

Performance, efficiency and productivity take the spotlight of any open thought or brainstorming session in pursuit of growth. Especially so during times faced with challenges from new and unfamiliar effects (yes, like the boring grim pandemic we can’t wait to get it...
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