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LATEST ARTICLES

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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Right and wrong reasons to start outsourcing

Outsourcing can bring a ton of good for your team and your business goals. There are a few reasons that could be less than ideal to choose outsourcing. 1. You see outsourcing more as a cost cutting measure Outsourcing does help reduce costs. If you are outsourcing for...
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ATO says more digital transformation on the horizon – new tech tools help accountants prepare

In a recent address to the Institute of Professional Accountants National Congress on 18 November, the Commissioner of Taxation Chris Jordan said the ATO are committed to continue the digital transformation of their services and will continue to harness new...
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Systemisation Necessary for Business Advisory Services

In recent weeks three accounting industry consultants have commented on why “systems” are important for the effective delivery of Business Advisory Services. Mark Holton, Director, Smithink, indicated that “Most accounting firms do not have systems for the delivery of...
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The Global Opportunity of Working Closer

So, how do you see your team operating in the future? Have you even had a chance to think about it yet with all that’s been going on? Last year, with the kick-off of the pandemic, accounting firms urgently required T4A to help them ensure their business model included...
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Is the Great Resignation a real thing or just hype?

Most accounting firm owners and managers will have spotted quite a bit of chatter in various media regarding something called “the great resignation”. So what is it, is it real and should accounting firms be worried? What is it and is it real? The term has its origins...
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You’ve got to start it now – this afternoon!

“Because your greatest challenge at the moment is getting good people to work with”– Andrew Geddes, Australian accounting legend, Chair for 10 years of Greencross Ltd, a company which developed over 30 years from a very small veterinary surgery to be a Top 200 ASX...
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The Future of Unified Communications and How it will Improve Your Business

So, what is the future of Unified Communications and how can it help your firm to thrive? If you’ve ever wondered how Unified Communications can help improve your firm's productivity and overall communication, then here’s some great news. Iain Enticott will host a...
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Adapting to the change that is here now

Why sustainable change is the only way forward Intro We do a lot of predicting here at Business Fitness, and these days the only thing we can be certain of predicting correctly is that everything will always be changing. The tools you use will change constantly, your...
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Put your cyber savvy to the test

Are you putting your company at risk without knowing it? Raise your hand if this sounds like you (don’t worry, we won’t tell your boss): You know cyber attacks are off the charts, and threats lurk around every seemingly-innocent corner. (After all, IT never lets you...
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Crowd Sourced Funding Great For Some – But Others Were Not Prepared!

Some Company Directors and Leadership Teams were very happy in 2021 as approximately 65 companies raised $46,000,000, an increase of 125%, on the investment capital raised by companies utilising “Crowd Sourced Funding Equity Raising” in the previous financial year....
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New ATO integration revolutionises client communication for accountants

Innovative, Australian tech company the latest to provide ATO-authorized direct integration The ATO have been working directly with digital service providers to support the move to digital-only communication; Innovative, Australian tech company the latest to provide...
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The ATO is transitioning to digital client communication – is your practice ready?

The ATO have been working directly with digital service providers to support the move to digital-only communication; Accounting practices should prepare now by reviewing processes and implementing automated technology; Australian-based platform, ATOmate, provides a...
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Finding the ideal referral partner

As an Accountant you work closely with your clients to ensure their financial outcomes are compliant and optimal. You are expert in your field and exceptionally good at what you do. It’s also likely you can be a bit of a “control freak.” Great operators are. You don’t...
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Update – Prevention and detection of fraud through audit reporting

The recent Parliamentary Joint Committee Inquiry into Audit Quality made two significant proposals, which have the capacity to bridge the expectation gap by tackling stakeholders’ greatest concerns: fraud and unexpected corporate collapse. The first proposal is the...
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Tools To Create Opportunities – Upcoming webinar series from ESS BIZTOOLS

ESS BIZTOOLS is presenting the following webinars over the next 3 months. Click on the link to register: TOOLS TO CREATE OPPORTUNITIES Debtors Manager | 7/10/21 | 1.00pm AEST | CLICK HERE  Client Seminars and Webinars | 12/10/21 | 1.00pm AEST | CLICK HERE Selling a...
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Transaction Chemistry [COVID-19]

As we endure another lockdown and the change of normality enshrouds us, the world keeps spinning and life goes on... In the first wave of COVID-19 there was a high level of uncertainty, although, the beautiful side of humanity is that we adapt and evolve. The...
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How Asset Finance can add value to your bottom line

When it comes to lending, there is one constant finance class that crosses over most of your clients. And that is regardless of their financial situations. Be they SME’s, PAYG clients, Investors, Developers and more they all need Assets and Equipment finance. It seems...
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