Latest News Archive

The importance of the “manager” role in accounting firms

One of the things I’ve observed inside accounting firms over 35 years of working in and with them is this:

The role of the manager is critical for firm success...

Increasing leverage in professional service firms – 5 steps

Anyone who has ever worked in a professional firm knows how important leverage is in achieving strong results for both the firm and clients.  Leverage allows work to be...

The Future for Internal Auditors working in Public and Private Sectors

In March 2020, the Institute of Internal Auditors (Australia) released a Benchmark Study focusing on the value that internal auditors provide to the organisations that they serve.  The...

The Virtual CFO – The future of accounting

The evolution of the vCFO role

Digitisation and financial analytics in a fast-paced world are transforming the traditional CFO role. The owners of SMEs now have real time access to...

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...

STP Myth-Busting – An update from Tax Banter

We are now at the pointy end of implementing STP reporting which has applied to substantial employers (20 or more employees as at 1 April 2018) since 1 July...

Is your technology keeping up with client expectations?

7 top tips from on what clients increasingly want from their accountants

 Author, Mike Page, Head of Product Management, MyFirmsApp

 

In today’s world, every part of our daily lives is governed...

The Security Sell – How to talk to your clients about cloud computing security

42% of Australian businesses have adopted cloud software in some form, but if you’re running an online practice there can still be worries from clients around the security of...

How to reduce ATO document processing by 90%

How to: reduce ATO document processing by 90%

Smart automation technology can now take care of the end-to-end processing and distribution of ATO correspondence for you.

Automating repetitive process is one...

Is your business taking the life from you?

Full Article – by Ed Chan

When I first started my Accounting Practice it was growing around an average of 30% per year simply from word of mouth only and...

Change for change sake isn’t a smart move

We all know the age old adage – “If it isn’t broken, don’t try and fix it”. This applies to so many things in life but sometimes the unintended...

3 simple ways to secure your new device

Maintaining the security of your devices is becoming an increasingly important concern in the face of a virtual onslaught of malware, spyware, viruses and other malicious files. But protecting...

ATO Policing Audit Independence

Independence breaches redefined

ATO targets firms who provide both SMSF advice & audits

Independence is a key issue in the ATO Compliance Program and SMSF advisers who also conduct audits face...

The 7 things your SMSF clients are judging you on

Ever increasing complexity means most individuals can’t run their SMSFs without professional support. As the industry matures, it’s worth asking whether practices are adequately meeting the needs of SMSF...

Tax and termination payments paid to employees – the intricacies and complexities

Do you handle termination payments for your organisation?

Join Webb Martin Consulting, along with affiliates TaxEd on 19 June for a highly-requested webinar that will cover...

Ex-Class CEO joins cloud accounting fintech, MyWorkpapers

Cloud accounting workpapers software provider MyWorkpapers is excited to announce the appointment of Kevin Bungard, former CEO of Class Limited...

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