Featured Archive

Our Circle of Concern vs Circle of influence

As the business owner/manager/advisor to your clients and staff, there’s a lot of risks that fall on our shoulders. But as the leader, all eyes are on...

Catfishing Exposed – SMSF auditor number fraud

Further SAN mis-use reported to TPB

A further 90 tax practitioners have either deliberately or mistakenly mis-used an SMSF auditor number, with the ATO detecting over a thousand instances of...

Top 5 Tips to Improve Data Security for Businesses

Data has always been an integral part of an accounting practice and for the most part, could be kept relatively securely in locked filing cabinets / safes etc. But...

5 tips to help you work from home like a pro

Thanks to COVID19, we’re all settling into a somewhat unsettling new normal. Fortunately, a lot of us are doing so from the comfort of our own homes.

As stronger “social...

The Coronavirus economic stimulus package

Editor’s note: On Thursday, 2 April, we conducted a webinar, hosted by Senior Tax Trainer Robyn Jacobson, on the implications of this package. Click here for more information...

So, you can’t work in the office… Tips & Tricks

  1. Provide useful information 

One of the key things an employer can do is to provide useful information to its employees. This includes everything from clear guidance...

Rent relief during Covid 19 crisis

While under normal circumstances, SMSF rentals are required to be at proven market rates, due to the financial effects of the coronavirus pandemic, the ATO...

Is there a wrong or right time to start outsourcing?

This question is answered with two simple calculations of time and cost:  the time and cost of doing it yourself, and the time and cost of hiring someone else...

How Receipt Bank Brought the Cloud to the Outback

As a tool for justice, cloud accounting software like Receipt Bank may not be the first choice.

Yet, for the Aboriginal community of Balgo in Western Australia, it proved highly...

10 Point Checklist for COVID-19 Coronavirus and Natural Disasters Strategies

10 Point Checklist for COVID-19 Coronavirus and Natural Disasters Strategies

1. Check the list of government loans/grants that the business might be eligible to apply for.

2. Create a COVID-19 coronavirus/natural...

Coronavirus: 5 Recommendations for Staying Close to Clients

Coronavirus: 5 Recommendations for Staying Close to Clients

Author, Dan Richards, Head of Strategic Partnerships, MyFirmsApp

Coronavirus has already affected over a hundred thousand people worldwide and its impact...

“Whatever You Thought 2020 Was Going To Be About, Think Again!” (Scott Morrison, Prime Minister)

By Peter Towers, Managing Director, ESS BIZTOOLS

When the Prime Minister, Scott Morrison, made this comment about two weeks ago many of us had probably not given a lot of...

Getting in front of potential referral partners

Yes, I could ramble on about the corona virus and its impact on the economy etc. I’ll leave that to the relevant experts. I’d rather focus on more positive...

When the World is Forced to Work Remotely

Worldwide concern over the Coronavirus pandemic has gained momentum over the past few weeks.

Traditional DR (Disaster Recovery) plans traditionally only focus on catastrophic events where business assets are damaged...

Directors’ personal liability extended to include companies’ GST liabilities

The Combating Illegal Phoenixing legislation

Recently enacted legislation has extended the director penalty rules to include GST, luxury car tax and wine equalisation tax. For tax quarters starting from 1...

3 things you should be doing with your time instead of managing your ATO correspondence

Do you know what’s involved in processing, reviewing, and distributing ATO correspondence in your office? If you don’t – go and chat to the person responsible for the task...

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