“Accounting is the language of business” – Warren Buffett
Whether they’re balancing the books, submitting tax returns, or producing financial forecasts, accountants are at the heart of each and every...
5 Top Trends Affecting Accounting Firms in 2020
As we usher out the old year and welcome in the new, it’s a good time to consider which business practices are working and which may need to change. ...
New Year, new opportunities | Our thoughts on what to watch out for in 2020
With the year quickly coming to a close, we’ve been turning our mind to what’s going to have the biggest impact on your business and your clients in 2020....
Running a modern day tax practice
Running a modern day tax practice is no challenge for the light-hearted. In this episode of Tax Yak, Robyn yaks with Planet Consulting Founder and Principal Consultant, Rob Pillans,...
How every accountant can be a step ahead when your client is selected for an audit relating to the Black Economy or on rental property related expenses
The ATO has been focusing heavily on the Black Economy and on excessive rental property related expenses in 2019 and will continue this into 2020. There are ways you...
Non-arm’s length expenditure and SMSF Audit
The government has recently passed legislation that gives clarity around the effect of SMSF non-arm’s length expenditure (NALE). Where a fund incurs less (or nil) expenditure by participating in...
Some thoughts on leadership from Ken Blanchard and Simon Sinek
3 ways to make more time in 2020
Three ways to make more time in 2020
Melissa Voss, FuseWorks
With the end of the year hurtling towards us at lightening speed, you might be feeling like there is just...
How to transition your firm to Compliance + Advice using Periodic Reporting
Partners and managers in public practice want to provide more ongoing feedback to business clients. However, they struggle with a lack of time to deliver more services and resistance...
How STP will and probably already is affecting your accounting firm and your business clients
The first Single Touch Payroll (STP) deadline effectively passed on 28 October 2019, being the due date for Superannuation Guarantee (SG) contribution payments for the 30 September 2019 quarter...
Making compliance easier for you and your clients
Gathering, requesting and storing documents for financial compliance takes time, costs money and is a huge strain on resources when your time could be spent better elsewhere. That’s where...
8 Point Checklist for Crowd Sourced Funding Equity Raising
55 companies have secured finance for their businesses without having to borrow money from a bank! This is a great achievement in these difficult times for dealing with banks.
The...
Selling a financial planning practice: tips for a successful transition
Due to tighter compliance requirements and changing personal priorities, many advisors are starting to think of selling their practice.
But selling a practice isn’t like listing a products...
The proposed Superannuation Guarantee Amnesty — reintroduced
The Government has reintroduced legislation implementing the one-off Superannuation Guarantee Amnesty into Parliament. The Amnesty period has been extended, retaining its commencement date of 24 May 2018 and ending...
Audits and Independence – Where to from here?
In Part 1 of this series on auditors and independence, I outlined some of the challenges facing the audit industry with a number of reviews underway both in...
