The accounting and financial advisory industry is undergoing rapid transformations, driven by technological advancements, changing client expectations, and evolving business models. To stay competitive and thrive in this dynamic landscape, accounting firms must...
Business Services
Accounting and business advisory services provided to business clients
5 Tips to resource a profitable accounting team in 2021
by Tim Davidson | Mar 22, 2021 | Business Services, Client Management, Featured Articles, Financial Services
Staying competitive in today’s business climate means evolving how you operate and hiring with that in mind. Accounting firms are increasingly reporting that they just can’t find – and keep – good talent, especially outside of city centres. While the demand for...
What’s your policy on work from home?
by Rob Pillans | Mar 19, 2021 | Business Services, Featured Articles, Financial Services, Professional Development
As an accounting firm coach, consultant and mentor one of the questions I am getting from firm owners and managers is what are other firms doing about work from home options post COVID? Unlike some businesses that cannot exist without face to face contact the reality...
ATO Client Correspondence API update and what it means for your practice
by Ron Drost | Mar 8, 2021 | Business Services, Client Management, Featured Articles, Financial Services
The ATO has made no secret of its “Less Paper” push. At ATO SmartDocs we have been part of the ATO API working group for over 12 months and things are moving very quickly. What is the ATO API? The ATO API allows third party developers who have ATO Digital Service...
Innovative Australian tech firm show no signs of slowing when it comes to helping accountants work smarter
by Stan Corner | Mar 8, 2021 | Business Services, Featured Articles, Financial Services
ATOmate announces latest integration partnership with global document management platform iManage Australian-based software automation platform ATOmate has announced their latest integration partner, joining forces with iManage to help streamline the ATO document...
R&D Shouldn’t Be In The “Too Hard” Basket!
by Peter Towers | Mar 5, 2021 | Business Services, Client Management, Featured Articles, Financial Services
Some of the red-tape binding together the federal government’s Research and Development Tax Incentive (RDTI) scheme is enough to make your head spin. As a concept, these tax incentives are great; no one’s disputing that. However, while the RDTI can make the costs of...
Allocation of professional firm profits — draft ATO guidance now available
by TaxBanter | Mar 4, 2021 | Business Services, Client Management, Featured Articles, Financial Services
The ATO has released long-awaited draft guidance on its proposed compliance approach to the allocation of professional firm profits. The preliminary guidance is contained in the draft Practical Compliance Guideline PCG 2021/D2 (the draft Guideline). The ATO has also...