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  1. The mismatch we face in financial advice

    who give holistic advice on their business and personal circumstances. As we have told FASEA in our submissions over the last couple of months, the public interest will be best served by retaining accounting professionals in the financial advice...

  2. The magic formula for accountants and financial planning

    have pursued licensing. And also why so few accountants have a strong relationship with a financial planner. Over the last 12 months, my business has handled hundreds of licensing queries as we supported various professional accounting bodies with their...

  3. The legal risks of getting your superannuation nominee incorrect

    of getting superannuation death benefit nominations right, showing that an SMSF’s binding death benefit nomination can last indefinitely, but also highlighting that a fund’s trust deed remains integral. Making sure superannuation goes to where you...

    • Type: Article
    • Author: Matthew Taylor
    • Category: Super

  4. The latest updates and tips on accounting apps

    Accountants Daily podcast, where we cover everything happening in the accounting app space since March 2024. Although our last episode was just a couple of months ago, there's been a lot of changes! We aim to provide you with practical insights and tips...

  5. The latest on payroll tax and the issues impacting medical practices

    audit risks facing medical and allied health practices following the rulings that were issued by various revenue offices last year and what firms need to be doing now to manage these risks. Lancaster also sheds light on other payroll tax issues being...

    • Type: Article
    • Author: Jessa Sargento
    • Category: Tax

  6. The keynote speech that had a room on its feet, and in tears

    the third annual Women in Finance Awards and to celebrate Australia’s remarkable women in financial services. I remember the last time I presented here in Pyrmont. It was late 2017 at the newly opened International Convention Centre. Imagine this. I’m...

    • Type: Article
    • Author: Reporter
    • Category: Business

  7. The key to raising responsible owners of wealth – part 2

    Last month we discussed the challenges of raising the next generation to ensure they are prepared for all that wealth provides. This month we will explore the principles and tools that can help find the balance between providing the next generation...

  8. The key to going digital: Keep it simple

    and medium enterprises have no digitisation or only a very low level, according to MYOB’s Closing the Digital Gap paper last year. It found that increasing digital adoption among SMEs could lead to a 1.8 per cent increase in the sector’s contribution to...

  9. The Indemnity Gap Most Accounting Firms Miss

    Partner, Not Just a Broker Accountants spend their careers protecting other businesses - their own practice is usually last on the list. ii-A is the specialist saved under 'Insurance' in your phone, working with firms that have grown, evolved and built...

  10. The HR problems accountants cannot ignore

    clients and focusing on those who are easier, allowing them increased satisfaction in their work. The biggest upside of the last few years has been the focus on mental health and the importance of seeking help. Thankfully, in light of this, the stigma...

  11. The growing compliance scrutiny for small and middle markets

    the ATO and other agencies should recognise that business generally tries to act above board, and ensure enforcement is a last resort. A supportive and educational approach to help business meet new reporting requirements, and appropriately rectify any...

    • Type: Article
    • Author: Ali Suleyman, Pitcher Partners
    • Category: Business

  12. The gig economy: What you need to know to get it right

    Over the last decade, Australia’s workforce has seen a significant shift towards contract, temporary, and freelance work but employers should take note of their compliance obligations. According to the Australian Bureau of Statistics, about 2.5 million...

  13. The future of reporting

    by a company as part of their business strategy,” added Mr White. The International Integrated Reporting Council (IIRC) last year released its International Framework to establish globally accepted guiding principles and content elements that govern the...

    • Type: Article
    • Author: Michael Masterman
    • Category: Regulation

  14. The future of alternative lending

    We know that the funding space has undergone extensive change during the last decade, so what’s in store for the future? The introduction of fintech lenders has given SMEs more choice, and also spurred traditional lenders to update their offerings...

  15. The future is bright for accountants and bookkeepers

    Looking back on the Year of the Horse last year, it’s clear that 2014 should have in fact been called the Year of the Cloud. The bounds of cloud technology were pushed in all directions by businesses in almost every industry — with one of the biggest...

  16. The end of lenient tax debt deals and what it means for your practice risk

    than applying a standardised approach. "The pandemic created expectations around ATO flexibility that were never going to last. The Tax Office has said clearly it is moving to enforce, and a payment plan that felt like protection two years ago is now a...

    • Type: Article
    • Author: Mackay Goodwin
    • Category: Tax

  17. The end of financial year comes but once a year

    non-concessional contributions you’ll need to check on what the client has contributed this financial year as well as the last two years in case they’ve triggered the “bring forward rule”. And don’t forget that spouse contributions count against the...

  18. The cost line your manufacturing clients can't see

    Here's what that actually looks like in practice: a question the client can't answer, attached to a number. When was the last compressed air leak survey? If the answer is never, or nobody can remember, the DOE's 20 to 30 per cent band is the realistic...

  19. The consequence of payroll errors

    outside their contracted pattern of work without sufficient documentation in place.” In order to correct the error, the last 8 years of handwritten timesheets will be scanned, indexed, entered into payroll software and rerun. The cost of which is $1.5...

  20. The confidence needed to embrace advisory

    books. This isn’t why many accountants entered the profession – but it is where most end up spending their time. Over the last decade – and with increasing momentum in more recent years – that is changing, with the profession transformed by a range of...

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