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  1. Accounting firms over-indulge in ‘navel-gazing’ says mid-tier

    care of those other things and we need to be efficient in dealing with those things but it's not the thing that we would lead with.”

  2. Accounting firms getting creative as Millennial numbers rise

    the employee vote.” Mr Butler also believes there is a business case for flexible workplaces in an accounting firm in the lead up to busy periods in the year. “Accountancy firms are also looking for flexibility in their workspace to allow them to grow...

  3. Accounting firms falling behind on AI as skills gap widens

    Accounting firm leaders are facing a widening skills gap in AI, with most admitting they lack a clear strategy and remain stuck in the experimentation stage. According to Thomson Reuters’ Future of Professionals 2025 report, based on responses from...

  4. Accounting education tipped to face ‘enormous mismatch’

    tertiary system are not considered, says one big four firm. Speaking to Accountants Daily, KPMG national education sector leader, Professor Stephen Parker likened the amount of change headed in Australia’s direction to the industrial revolution, warning...

  5. Accounting Business Expo: How to Pick The Best Apps To Drive Your Business Advisory Service

    that accountants offer strategic advice as well as accounting. In this panel session, hosted by GoCardless’ Country Lead, Joe Robins, hear how best-in-class apps and experts provide an end-to-end solution for accountants, solving fundamental problems...

    • Type: Article
    • Author: GoCardless
    • Category: Business

  6. Accounting body advises caution on incoming SME tax changes

    Touch Payroll system. Common business questions were also answered in a dedicated webcast in May 2019 with the then project lead at the ATO, John Shepherd, and other tax experts.

  7. Accounting bodies welcome Board of Taxation ‘red tape’ review

    steps that would cut compliance costs and free up business owners to focus on running their business,” CPA Australia’s tax lead, Jenny Wong, said. “The complexity of Australia’s fringe benefits tax regime is another area ripe for reform. Small...

  8. Accounting bodies urge Treasury to take its time with big firm regulation

    disciplinary framework,” the spokesperson added. Also speaking with Accountants Daily, CPA Australia audit and assurance lead Tiffany Tan (pictured) said that the options paper was “...a useful prompt for firms to reflect on their own governance,...

  9. Accounting bodies take aim at ‘two-tier’ NALE rules 

    a maximum ‘two times multiple’ and by the taxable income of the fund,” said the submission. “This cap has the potential to lead to inequitable outcomes. We consider that the current version of TR 2010/1 provides a logical approach by treating minor...

  10. Accounting apps market grows, but jury is out on effectiveness

    can understand what they all do, let alone support and recommend them.” Mr Munro’s comments echo those of KPMG technology lead, Fleur Telford, who earlier told Accountants Daily that clients were “overwhelmed” by the amount of apps on the market. “There...

  11. Accountants’ cloud security fears ‘overblown’

    security risks of storing client data in the cloud, according to new data from one accounting technology consultant. In the lead-up to the Accountants’ Technology Showcase Australia event in Melbourne this month, Smithink’s founding director David Smith...

    • Type: Article
    • Author: James Mitchell
    • Category: Business

  12. Accountants, you can say no to bad clients

    bring that little bit of extra joy into your working day. Knowing that the hard work of you and your team is appreciated leads not just to better job satisfaction for everyone, but you will find lifted morale will produce better results across your...

  13. Accountants, industry bodies rally behind Tax Ombudsman's ATO service review

    resort. It also reinforces the IGTO’s findings that service standards have deteriorated to this extent.” CPA Australia’s tax lead, Jenny Wong, said CPA members had long been expressing that the ATO’s phone line and digital support channels were not...

  14. Accountants, business advisers a key ‘lifeline’ for SME owners

    often tackled included chronic financial pressures, extended work hours, and the weight of decision making which could lead to stress, anxiety, depression and even suicide. In Australia, 22 per cent of SME owners had been diagnosed with a mental health...

  15. Accountants, ATO officers honoured on the Queen’s birthday

    the Government's economic support measures to Australians during the COVID-19 pandemic”. Mr O'Halloran was the program lead for the JobKeeper and has been credited with designing a system that used existing architecture and integrated data already...

  16. Accountants warned on SMSF documentation traps

    tension between these legal drivers and the potentials of modern technology. If not properly respected, this tension can lead to real pain for the trustee and the assets of the fund."

  17. Accountants warned ahead of whistleblower regime

    or 30 penalty units, or both, if they make an unauthorised on-disclosure that identifies the whisteblower, or is likely to lead to the identification of the whistleblower. “So accountants and tax agents should educate their staff, establish a process by...

  18. Accountants told to up their game on cyber security

    a security product doesn’t make a business safe. The underlying business environment needs to be secure. Poor foundations lead to poor security,” Mr Shatter said. He noted three key things businesses, including accounting firms, must do to protect...

  19. Accountants told to put clients first as STP debate rolls on

    of legislation for employers with 19 or less employees. Speaking to Accountants Daily, ATO assistant commissioner and STP lead John Shepherd said it would be looking at “alternative reporting mechanisms” to help micro businesses with fewer than five...

  20. Accountants told to 'not be afraid of technology'

    wandering around the office,” Ms Telford said. Mr Telford said that firms should select someone from within their ranks to lead the charge on researching all the options. “Find somebody who has a bit of a technology bent and set them the task to go and...

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