As the landscape of tax advisory and accounting continues to evolve, staying informed and proactive is essential. With significant amendments to the Tax Agent Services Act (TASA) coming into effect from 1 January or 1 July 2025 (depending on your business size),...

Thinking about increasing your prices? This guide walks you through the process of raising your prices and offers tips to communicate your new pricing to clients. If you've been thinking about raising your prices, you are most certainly not alone. The current economic...

For accountants, bookkeepers and business advisors compliance work alone is no longer enough.  SMEs do not just need end-of-year financials – they need real-time insight and strategic direction.  They need you. That is where the ESS BIZTOOLS Financial Forecasting...

The Australian Securities and Investments Commission (ASIC) has released its annual guidance for financial reporting and audit oversight, setting a clear agenda for the 2025–26 financial year. For accounting and audit firms, this announcement is more than just a...

20 May 2025 Ignition, a leading revenue and billing automation platform for professional services businesses, today revealed that 80% of Australian accounting fi rms plan to increase prices this year, with 64% citing rising business costs as the main reason for fee...

Unlock New Revenue Streams, Win More Clients, and Cement Your Reputation as a Compliance Leader If your accounting firm serves builders or subcontractors in Queensland, you know project and retention trust account compliance under the BIF Act is mandatory now for...

For too long, many SMEs have viewed their accountants as “just the tax person.” At ESS BIZTOOLS, we set out to change that perception. When developing our product packages, we focused on helping accountants, bookkeepers, and advisors expand their service offering to...

In Australia, the term "complex audit" often conjures images of large corporations, public listed companies, banks, and insurers. While these entities indeed face considerable audit complexities, it's essential to recognise that complexity in audits isn't limited to...

In the first of a series of articles on M365, I start with exploring Microsoft Stream. It’s one of the applications that comes with many M365 subscriptions and which a lot of people are probably not conscious of.  So what is Microsoft Stream, and how can it be...

Still managing revenue with spreadsheets, PDFs, and long email threads? That’s more than a minor inconvenience—it’s a slow leak in your business. Manual tasks eat up time, introduce costly errors, and make it harder to keep cash flowing smoothly. From onboarding new...

Comprehensive Analysis of Key Differences Between the Trusts Act 1973 and Trusts Bill 2025 in Queensland prepared by TrustEasy Team with the help of AI based research tools: Queensland Government announced this yesterday (1st of May 25): “Trust laws modernised after...

As an accountant, your clients trust you with some of the most important financial decisions of their lives—tax planning, cash flow management, business structuring, and wealth creation. But there’s one critical area that’s often overlooked in traditional accounting...

Is Your Firm Sending ATO Correspondence Without 2FA Protection? The Australian superannuation industry has recently been shaken by a wave of alleged client account hacks—many traced backs to weak security practices by intermediaries. One alarming trend stands out: ATO...

In today’s increasingly complex financial landscape, clients need more than just tax minimisation and compliance—they need strategic, holistic advice. And few professionals are better placed to provide that guidance than accountants. Yet when it comes to one of the...

The difference between good and great client relationships often comes down to how you manage the details. In professional services, every proposal, approval, and payment is an opportunity to prove your reliability. When those details are handled with care, you build...

As the financial year concludes (often running April to March for trust accounts), Tax Practitioners face the essential task of preparing for the trust account audit. Getting your reports in order is key to a smooth assurance engagement. What Do Auditors Typically...

Too many accountants are focusing only on compliance – but what if you could unlock new revenue streams with Financial / Commercial / Management Accounting Advisory Services? SMEs need more than taxation services! Right now in Australia there are a lot of problems for...

Introduction The audit profession in Australia is undergoing a significant transformation. Traditionally, audits have been retrospective, focusing on financial statements and transactions that occurred months, if not years, before the audit process begins. However, as...

In recent times, Australia found itself a target for cyberattacks. Clearly some of our biggest brands are underprepared, but more alarming is that SME businesses are 3 x more likely to be targeted by cybercriminals. Download our free ebook and discover: The five data...

The Rising Threat of AI to ATO Document Security in Accounting Firms In today’s digital-first world, artificial intelligence is transforming the accounting industry — but not without risk. While AI streamlines processes and boosts productivity, it also amplifies...