Industry News
Everything you need to grow yourself and your firm in the public accounting sector.
LATEST ARTICLES
Transitioning clients to GPFS – 5 key questions to consider now
New reporting standards to improve transparency, comparability and consistency of financial statements will apply from the 2022 financial year. From 1st July 2021, certain for-profit private sector entities will no longer be able to prepare Special Purpose Financial...
Business Advisory Services Identified As Top Growth Opportunity!
“Business Advisory Services” has been identified by accountants surveyed by CommBank Accounting Market Pulse as the “highest rating product that they are planning to offer, or significantly grow, in the next 12 – 18 months” in the May 2021 report. In the survey 81% of...
Why it can be hard to attract and work with referral partners
As a mortgage aggregator who specialises in building in-house mortgage broker divisions for Accounting firms and also generates quality referral partnerships, I am often asked how we manage to attract so many and then get traction on those we link with our partners....
Free Valuation – know your worth and know the market
Jadeja Partners are happy to include, as part of the ‘Hello Campaign’, a Free Market Appraisal. Probably the most common questions asked are, “How many ‘cents in the dollar’ is my business worth”’ , “What is the [EBIT] multiple used?” , “Are the bank valuations the...
Lost, stolen or hacked: Preventing the worst of the worst
Our devices house our entire lives. From finances to family photos they're the keepers of our past, present and future. Even the thought of someone gaining unauthorised access is enough to set off alarm bells. Follow these seven steps to curb some of that device...
Tax planning talking points: Have you added these changes to your tax planning checklists yet?
As we approach the end of the financial year you might be feeling under the pump – lodgement deadlines are approaching, the budget is only weeks away, and you could be snowed under with last minute compliance activities. Of course, we don’t need to tell you how...
7 Easy tips to improve Accounting Productivity
Productivity is not raking in more hours on the job, its rather managing your time efficiently. There are only so many hours in a day. With the EOFY just around the corner, what if you could make the most of your time? Here are 7 easy yet effective tips to improve...
JobKeeper ends but ATO audit activity on the program set to continue
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...
Let’s talk about your firm’s use of technology in 2021
The Good Bad Ugly Insight Poll on technology is now open and we invite you to take part - it should take you less than 10 minutes to complete! As technology continues to evolve and impact Australian accounting firms, the industry is wondering... What is the most...
FYI and ATOmate announcement
Cloud based and still spending hours managing ATO documents? Industry innovators team up to help you make light work of tax correspondence. ATOmate announces latest integration partnership with cloud-based document management platform FYI ahead of key lodgment...
10 Steps To Get Ready For A Research And Development Project
The “ 10 Steps To Get Ready For A Research And Development Project” assist accountants to have a professional discussion with clients who are keen to undertake research activities with a hope that they will be eligible for the Research and Development Incentive Rebate...
RESEARCH AND DEVELOPMENT UPDATE FROM ESS BIZTOOLS
30 April 2021 is the due date for lodgement of Research and Development Registration to AusIndustry in respect of Research and Development Activities undertaken in 2019/2020. “12 steps to planning a Research And Development Project” – you can listen to the webinar...
Ok, time to think BIG and here’s how
Business models are changing and new processes are created all the time. However, lately it’s become a necessity to think outside the box… As a forward-thinking business owner, how do we make the most of ‘change’ and use it as an opportunity to soar to new heights?...
So you want to be an analyst?
ACCA’s recent report on the future of professional accountants identified that ‘expert use of analytics will enable better and close to real time reporting, more predictive analysis and greater interconnectedness of financial and non-financial performance.’ In...
Hello Brisbane, Sydney, Melbourne, Adelaide
It's been a stuffy old period with Fires, Pandemics and Floods trifecta. It definitely stopped the normal travel that we were accustomed to, therefore we have decided to 'Get Up & GO'. HELLO BRISBANE SYDNEY MELBOURNE AND ADELAIDE! Jadeja Partners’ Magnus Yoshikawa...
ATO releases SMSF Auditor Independence Guide – What should you do?
Time is running out for accounting firms to critically review the arrangement they have with the auditors of the SMSF funds for whom they prepare financial accounts. Firms have just 3 months to make necessary arrangements to engage independent SMSF auditors. This...
Nine unspoken secrets of building a customer-friendly business
“The Only Constant in Life Is Change.” - Heraclitus The world has undergone many changes, over the years businesses have evolved with these changes; one other factor that remains constant is, customers are what make businesses remain viable. Every customer-centric...
12 Steps to “Planning a Research and Development Project”
Step 1 – a great “idea!” Step 2 – preliminary investigations into the “great idea”. Step 3 – check eligibility – to claim Research and Development Incentive Rebate must be a “company”. Step 4 – conduct “prior art/literature searches”. Step 5 – identify “core”...
5 Tips to resource a profitable accounting team in 2021
Staying competitive in today’s business climate means evolving how you operate and hiring with that in mind. Accounting firms are increasingly reporting that they just can’t find – and keep – good talent, especially outside of city centres. While the demand for...
How Your Admin Team Can Increase Capacity And Improve Leverage
It’s easy to understand why capacity and leverage are so important, but more difficult to appreciate why accounting firms sometimes struggle to get real success in these areas. Administration is one of the keys to effective leverage in accounting firms; by taking on...
PRACTICE MANAGEMENT
12 Steps to “Planning a Research and Development Project”
Step 1 – a great “idea!” Step 2 – preliminary investigations into the “great idea”. Step 3 – check eligibility – to claim Research and Development Incentive Rebate must be a “company”. Step 4 – conduct “prior art/literature searches”. Step 5 – identify “core”...
How Your Admin Team Can Increase Capacity And Improve Leverage
It’s easy to understand why capacity and leverage are so important, but more difficult to...
Good Bad Ugly 2020 Report
The Good Bad Ugly 2020 Benchmarking Report is now available. CLICK HERE TO DOWNLOAD THE EXECUTIVE...
Offering advisory services? Why your first engagement needs to be a scoping session
Before engaging your clients with new services, there are two crucial steps you can’t miss. Now...
TECHNOLOGY
Lost, stolen or hacked: Preventing the worst of the worst
Our devices house our entire lives. From finances to family photos they're the keepers of our past, present and future. Even the thought of someone gaining unauthorised access is enough to set off alarm bells. Follow these seven steps to curb some of that device...
Cybersecurity preparedness in 2021: Threats + trends to know
You can't plan for everything. (See: global pandemic.) Yet so much of running a successful...
Develop your 2021 security checklist + Driving unprecendented growth
Tenacious tech: what CEOs need to drive unprecedented growth CEOs have a distinct vantage point....
Tenacious tech: what CEOs need to drive unprecedented growth
CEOs have a distinct vantage point. Even under the most challenging circumstances, they're often...
FINANCIAL SERVICES
Transitioning clients to GPFS – 5 key questions to consider now
New reporting standards to improve transparency, comparability and consistency of financial statements will apply from the 2022 financial year. From 1st July 2021, certain for-profit private sector entities will no longer be able to prepare Special Purpose Financial...
Business Advisory Services Identified As Top Growth Opportunity!
“Business Advisory Services” has been identified by accountants surveyed by CommBank Accounting...
Why it can be hard to attract and work with referral partners
As a mortgage aggregator who specialises in building in-house mortgage broker divisions for...
Free Valuation – know your worth and know the market
Jadeja Partners are happy to include, as part of the ‘Hello Campaign’, a Free Market Appraisal....