Financial Services Archive

Making the switch back again: working in the office after COVID

So, what’s next now that the traditional workplace is behind us?

As COVID-19 restrictions finally start to ease around Australia, companies and organisations will need to prepare to reopen their businesses. It’s time for...

5 things you should consider before you implement a client portal

Will 2021 be the year you implement a client portal? Here are 5 things you should consider before you do.

As we’ve all become more mobile in the past year,...

Xero accounting practices can now automate their end-to-end ATO document processing with latest Connected App partner

Cloud-based automation platform ATOmate fully integrates with Xero Practice Manager (XPM) and WorkflowMax to streamline ATO document management.

ATO documents account for a large portion of incoming correspondence for accounting...

The Client Perspective on the new Code of Ethics: It’s all about communication

The new APES 110 Code of Ethics for Professional Accountants has many ramifications for SMSF trustees… and Accountants have an obligation to notify clients of changes that may affect their audits.

Under the...

How to create a harmonious hybrid office

The COVID-19 pandemic has acted as a cultural reset, having forced both individuals and companies to reassess their capabilities and to swiftly and dynamically enact change in order...

Insolvency Reforms to Support Small Business – Will Your Client Be Eligible?

The Federal Government announced reforms in October 2020 aimed at assisting small business to restructure when they are in financial distress, which has been particularly evident during the Covid...

Accountants increasingly at risk of bad debt – how to protect yourself

Studies have marked accountants as 1 of 6 common businesses that are highly exposed to trade credit debt, so how do you protect your income?

News was recently released that...

Things you should know while outsourcing your accounting functions

The pandemic has changed the way businesses function. Priorities have changed, there are rapid changes across industries, and businesses are re-engineering cost structures. The legislative changes and constant updates...

Federal Budget 2020-21 tax measures have passed Parliament

taxbanter.com.au/banter-blog/federal-budget-tax-measures-2020-21/

Federal Budget, News

Federal Budget 2020–21

On Tuesday, 6 October 2020, the Treasurer handed down the Government’s Federal Budget 2020–21.

TaxBanter Resources:

Our 2020-21 Federal Budget...

What does succession look like inside accounting firms?

Succession could be defined as the process by which the current owner/s of a firm transition and handover ownership to new owner/s. When I say handover I don’t mean...

The Future of Auditing as a Profession

Auditing is evolving rapidly through the effect of technological and legislative changes in recent years as well as the environmental and economic impact of COVID-19 in 2020. These changes...

Fixed Fee Playbook: How to implement fixed fees in your accounting firm

Your complete guide to smoothly transitioning to a fixed fee pricing model with Practice Ignition.

As we head towards the end of the calendar year it’s important to be thinking...

Brains with different colors facing each other dealing change

Dealing with Change and Building Resilience

What do the following functions have in common?

  • The ability to maintain focus and attention, to be fully present and alert
  • The capacity to manage our emotions...

Accountants who want to be mortgage brokers

I often get asked by Accountants “Can I become a mortgage broker and write the loans myself”.

The simple answer is yes, ofcourse. However, the correct answer is “Should you”?...

Work smarter with smart apps that work together

Business Fitness & ATOmate are excited to announce their integration partnership, joining forces to eliminate the administrative burden of processing ATO documentation.

The integration between Business Fitness’ document...

“Routine and mechanical” is not a loophole

The new Independence Guide clarifies that an auditor cannot audit an SMSF if they prepared the financial statements for the SMSF unless it is a “routine or mechanical service”, however the...

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