Any accountant or financial adviser, particularly those working in the SMSF space would have experienced downward pressure on profits over the last 5 years. Increased complexity and compliance requirements have led to a blow out of SMSF administration time, and it can...
Financial Services
Financial advice including wealth creation, insurance and lending services
New year – new opportunities to increase your productivity
by Stan Corner | Jan 20, 2021 | Financial Services, Practice Management, Technology
A new year is a great time to plan out priorities – and ticking off big ticket goals and projects is all the easier when you can ramp up your productivity, cut through the clutter, and get in the flow. In our noisy world, that is easier said than done, which is why...
Bills status – January 2021
by TaxBanter | Jan 18, 2021 | Business Services, Client Management, Featured Articles, Financial Services, Workflow Management
With most tax professionals now returning to work after the holiday break, this is the ideal time to do a stocktake of the status of recent tax, superannuation and related Bills which may affect tax practitioners and their clients in 2021. This article summarises the...
Cybersecurity preparedness in 2021: Threats + trends to know
by Brad Geelan | Jan 13, 2021 | Client Management, Featured Articles, Financial Services, Technology, Technology Support
You can't plan for everything. (See: global pandemic.) Yet so much of running a successful business is about proper forecasting. While that certainly includes being an early adopter of key trends, they’re only half the battle when it comes to cybersecurity. The rest...
230 Tax Agents have mis-used SANs in the latest count
by David Saul | Jan 11, 2021 | Client Management, Featured Articles, Financial Services, Practice Management
The ATO is continuing its program to weed out the mis-use of SMSF Auditor Numbers (SAN) where tax agents are in effect masquerading as auditors. The ATO mailed the 2018 annual returns to registered SMSF auditors requesting a SAN confirmation check and this resulted in...
The nimble accounting practice: Nimbus Document Management users benefit from more than time savings with latest integration partner
by Stan Corner | Dec 7, 2020 | Financial Services, Software Support, Technology
ATOmate and Nimbus Portal Solutions announce comprehensive integration to streamline ATO document processing and administration. ATOmate have announced their latest integration with Nimbus Portal Solutions, which will significantly reduce the administrative burden of...
Special Purpose Financial Statements – New Financial Reporting Regime
by Steven Watson | Dec 2, 2020 | Business Services, Client Management, Featured Articles, Financial Services
For many years, directors of most for-profit private entities have enjoyed the liberty of determining the type of financial statements they will prepare for an entity. The discretion to prepare an often much less detailed set of Special Purpose Financial Statements...