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 a high risk of being targeted. Reciprocal Auditing Arrangements Revenue...
Latest News
Recent news updates on issues relevant to accounting and advisory firms
3 Ways Accountants Can Avoid Ransom-Ware Ruin
by Brad Lynch | Jan 18, 2017 | Latest News
Ransom -ware. It’s scary when you are unaware of what you don’t know. Most Accounting practices and Services Professionals have a massive false sense of security, when it comes to their Data, computer and mobile use. One of the latest kids on the block using this...
Quest for Efficiency Driving Cloud Adoption by SMSF Admins
by Kevin Bungard | Jan 18, 2017 | Latest News
Almost a third of accountants and administrators are considering moving their portfolio administration to a cloud software solution within the next 12 months, to cut the time spent administering SMSFs and to boost their business growth. The Class Digital Trends...
Accounting firm growth: 3 questions to ask
by Pete Saunders | Jan 18, 2017 | Latest News
Accounting firm growth has remained relatively stable over the last few years, leading many firms to look for ways to jump start their growth to exceed industry averages. Having a strategy for growth is essential. If your firm chooses to focus on organic growth,...
Fair Work Liability Checklist for Business Advisors
by Sean Wilson | Jan 18, 2017 | Latest News
Under section 550 of the Fair Work Act 2009, key business advisors such as accountants and bookkeepers can be held personally liable as an 'accessory' for their clients' breaches of Australian employment law. Workforce Guardian's FREE Fair Work Liability Checklist...
Industry Skills Fund Closes
by Peter Towers | Dec 20, 2016 | Latest News
On 19 December 2016, the Australian Government announced the decision to close the Industry Skills Fund (ISF) as part of a range of changes to programs through the Mid-Year Economic and Fiscal Outlook (MYEFO). The impact of these changes is that as of 31 December...
Harmony between accounting firm merger and the Audit Shield service
by Charlotte Gell | Dec 15, 2016 | Latest News
Mergers are becoming more commonplace in the accounting industry. The advantages are evident; pooled resources, increased market share and potentially greater efficiencies. However, to achieve these outcomes merged accounting firms need to first overcome the biggest...