Cloud accounting has revolutionised the way accounting practices operate, with many firms already switching to cloud-based platforms. If you or your practice hasn’t already, you should consider moving to the cloud. What is a Cloud Ecosystem? A cloud ecosystem is a...
Practice Management
What’s happening in the profession in relation to practice management
Salary Sacrifice – Q&A – Termination related payments and salary sacrifice
by Michael Doran | Aug 5, 2018 | Practice Management
Question An employee is being terminated and it is proposed the following termination related payments will be made: Unused Annual Leave Unused LSL Payment in lieu of notice Gratuity Final pay up to termination date The employee wishes to salary sacrifice some or all...
8 Steps to “Future Proof” Your Accountancy Business
by Peter Towers | Jul 12, 2018 | Practice Management
Happy new financial year! This is a great time to discuss a very important issue for your accountancy business – “How do you respond to: disruptive technologies? changing market demands by SMEs? SME fee resistance for compliance work? new market trends?...
ESS BIZTOOLS – 2018 New Financial Year Campaign
by Peter Towers | Jul 12, 2018 | Latest News, Practice Management
Many accountants are seeking products and services to assist in “future proofing” their firms. The Comm Bank Accounting Market Pulse June 2018 identified a number of service lines, outside of traditional accounting/taxation services, that accountants are investing in...
The Ultimate Guide to Selecting and Implementing a Cloud-based SMSF Administration Solution
by Class | Jun 23, 2018 | Practice Management
The brand new eBook: Navigating Technology Choices TBAR has arrived and with its arrival comes the need for more rigorous processing and reporting of SMSFs. If your current platform is not a fit-for-purpose, cloud based SMSF solution, you will find it increasingly...
Are you comfortable with your firm’s vision?
by Peter Towers | Jun 13, 2018 | Practice Management
This is a serious question, especially if you are aged under 44, because, according to Benchmarking.com.au, your group represents 69% of the accountancy profession. Do you understand your firm’s vision? Are you comfortable with it? Is your firm’s vision going to...
Rise of the solopreneur accountant
by Dale Crosby | May 31, 2018 | Practice Management
Digital disruption and increasing price pressure for compliance work within the accounting sector has resulted in an increase in the number of mergers and acquisitions in recent years. Many sole practitioner firms experiencing static or declining profit are electing...