Despite the conclusion of the JobKeeper wage subsidy program, the ATO is set to continue keeping a close eye on those that received the program for at least the next 12 months. The ATO will use all of their data matching technology to review those that took advantage...
Featured Articles
Special articles relevant to current issues and challenges for accounting firms
Getting to Grips with Governance
by Peter Towers | Jun 23, 2015 | Featured Articles, Practice Management
Many of your clients operate companies. Do they understand the key governance issues relative to the operation of companies? This can include: Workplace Health and Safety (WHS) issues – is someone responsible for implementing appropriate procedures? Is the company...
Taking Business From Now To Next
by Steven Eager | Jun 23, 2015 | Featured Articles, Practice Management
The reality is that people, despite their best efforts, create mess and complexity across the various parts of their lives. Many attempt to ignore this mess, perhaps ignorant to the fact that, at some point, either they or somebody else will have to make sense of it...
Corporate Governance Training Funded By A Grant
by Peter Towers | Jun 23, 2015 | Featured Articles, Practice Management
I recently presented a training seminar, to a group of companies, on corporate governance, which was funded under the Business Growth Grant. All of the companies have turnovers in excess of $2M. They’re all gearing themselves up for new development opportunities....
GST And Digital Downloads – The So-Called ‘Netflix Tax’
by TaxBanter | Jun 18, 2015 | Featured Articles, Financial Services
In the lead up to the 2015 Federal Budget there was plenty of press given to two critical tax issues: combatting multinational tax avoidance (the so-called 'Google Tax') and closing the loophole of digital downloads, commonly referred to as the 'Netflix tax'. In this...
Linking sound debtor management to improved cash flow
by For Accountants | Jun 18, 2015 | Featured Articles, Latest News, Practice Management
For most jobs, billing on completion will have a positive impact on cash flow because: The client can see that the invoice relates to the job presented; and The value can generally be reconciled to the job when both are presented at the same time. Compare that to the...
Valuing SMSF Administration Companies (& SMSF Books of Business in Public Practice Accounting Practices)
by Magnus Yoshikawa | Jun 3, 2015 | Featured Articles, Financial Services, Latest News
As a generality, Public Practice Accountancy Practices can sell for between $0.75 and $1.00 ~ Premium for every $1.00 of ‘recurrent revenue’, whilst SMSF Administration companies (and SMSF books of business in Accounting Practices) can sell for between $1.00 and $1.20...