Save time with Class, and do more for your client and your practice. Pay nothing for Class 'til 1 July 2019 Find out more here. To grow your SMSF business, you need to make the most of your time. Greater efficiency enables practices to do more SMSF admin with less...
Latest News
Recent news updates on issues relevant to accounting and advisory firms
An Opportunity For Accountants To Join The Cloud
by Peter Hickey | Apr 27, 2015 | Latest News, Technology Support
Many accountants are recognizing the need to convert existing compliance clients to a 15-30k advisory assignment. By introducing or expanding this profitable revenue arm, accounting practices are also meeting the growing demand from clients demanding ‘more’. Clients...
Measure what matters!
by Dale Crosby | Apr 23, 2015 | Featured Articles, Latest News, Practice Management
Traditionally, accounting firms use productivity (the proportion of time charged to WIP) as a key measure of staff performance. However, increasingly firms are seeing that a strong focus on production can lead to behaviour which is actually counter-productive and...
Why Establish a SMSF, is it only for tax benefits?
by David Saul | Apr 23, 2015 | Featured Articles, Financial Services, Latest News
The other day, in response to a blog of mine, I received an email from an accountant; he said “I think the sole purpose of a SMSF is to minimize tax. There would not be SMSF’s, if there were no tax advantages”. That got me asking, what is the rationale for...
Linking sound debtor management to improved cash flow
by Quickfee | Apr 23, 2015 | Featured Articles, Financial Services, Latest News
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...
Galloping into 2015: A review of audit activity claims
by Accountancy Insurance | Apr 23, 2015 | Financial Services, Latest News
Considering 2014 was the year of the horse according to the Chinese zodiac, the Australian Taxation Office and the other revenue and collection agencies around Australia seemed to have backed 2014 to be a big winner for them. A summary review of last year’s claims...
Is cyber crime a keystroke away from you?
by Accountancy Insurance | Apr 23, 2015 | Featured Articles, Latest News, Technology Support
The biggest risk for business owners at present is the threat of a cyber attack. Whether it is yours, clients or employees information, there are increasing expectations that information is secure. In March 2014, a new privacy regime began in Australia. The regime...