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  1. Why modern revenue management could secure a stronger 2024

    who are staring into the considerable challenge of a ‘retail recession’,” Deloitte Access Economics Partner and report lead author Stephen Smith notes. The firm has forecast the Australian economy will grow by a mere 0.9 per cent in the current...

  2. Why lockdown DPNs put accountants in jeopardy

    means that unless the company pays the ATO debt, the director will become personally liable. And that could eventually lead to his or her bankruptcy. Under a lockdown DPN, directors are unable to avoid personal liability by placing the company in the...

  3. Why it’s time for accountants to raise their prices

    this model is simple and easy to enforce, clients typically do not know what the price is until after the fact which can lead to “bill shock”. Increasingly, clients want to know what the cost of their service is upfront from their accountants. Hourly...

  4. Why imminent money laundering laws mean it’s time to scrub up

    your business will be better safeguarded against any potential damage from fraud or criminal behaviour, which in turn will lead to increased trust by current and new clients. Ches Rafferty is CEO of Scantek.

  5. Why governance needs more accountants in the boardroom

    opens Board nominations from 11-29 May, eligible members have an opportunity to bring accounting, governance and strategic leadership expertise to the profession’s highest level. From 11 to 29 May, CPA Australia is inviting nominations for its Board of...

    • Type: Article
    • Author: CPA Australia
    • Category: Business

  6. Why employee v contractor comes down to fine print

    because including a term that allows for delegating or transferring someone's services in the written agreement will likely lead to them being characterised as a contractor instead of an employee. The Full Federal Court clearly stated (paragraph 89):...

  7. Why digital payments will fuel the post-pandemic economy

    for the global economy “quite worrying”, is likely to do the same with plenty of research suggesting that economic downturns lead to greater digitisation, which in turn can be an effective future-proofer. How companies can get ahead The pandemic and...

  8. Why Digital Marketing Is Your Best Defence Against Economic Uncertainty

    chances are high that this attention to detail will incite positive responses from your customers, which may in turn lead to your organisation experiencing a higher rate of conversions. As email marketing campaigns don’t generally require a huge budget,...

  9. Why culture should be informing your tech purchasing decisions

    — cultural assessment followed by gap analysis followed by investment, and then rinse and repeat. The best investments will lead naturally to the next cultural assessment. Now that we’ve solved problem A, what’s problem B, and how can our partners help...

    • Type: Article
    • Author: Kerry Agiasotis, Sage
    • Category: Technology

  10. Why companies should consider AI hiring 

    outcomes,” Mr Shaban said. “Potential errors in the training phase can perpetuate existing disparities and ultimately lead to a lack of diversity in candidate pools.” However, Mr Shaban notes while it was a possibility, the reduction of bias that AI...

  11. Why cashless gaming would be an unwise all-in wager

    participation. A downturn in club visits could have detrimental impacts on employment, the community and suppliers, and may lead to concerns about viability. It also puts pubs, clubs and hotels at a competitive disadvantage as cash remains legal tender...

    • Type: Article
    • Author: Joseph Vitalone
    • Category: Regulation

  12. Why auditors are the guardians of trust in the age of AI

    of the real world. If historical data contains bias, AI will reproduce it, even amplify it. Left unchecked, this could lead to distorted outcomes in lending, hiring, or even annual reporting. This is where auditors step in as the ‘guardians of...

  13. Why ATO should stop the guilt trip and empower taxpayers

    tax benefits or deductions if they are unable to substantiate their claims or meet the stringent requirements. This could lead to higher tax liabilities and reduced tax refunds, which again places more pressure on firms to manage both outcomes and...

  14. Why ATO compliance is about to feel very different for business owners

    lodgements, growing balances or inconsistent reporting patterns are often interpreted as warning signs. In many cases, they lead to earlier engagement from the ATO than business owners expect. I have seen firsthand how costly this can become. In one...

  15. Why an automated finance team will pay dividends

    sales process, ready to manage transactions by issuing, monitoring and, ultimately, closing out invoices. This reality can lead to these teams being viewed as administrative staff, supporting other departments but not necessarily bringing in business...

  16. Why advisory services will fail without a sales strategy

    small select group that achieves perpetual success.” The common thread is seven-fold and more obvious than you might expect. Lead like a boss What is it that leaders do that makes people want to follow them? What makes a leader effective? The simple...

  17. Why Accounting Firms Need To Develop Local Marketing Strategies

    firm is targeting local restaurants, creating highly specific videos for restaurant owners and managers will undoubtedly lead to new clients. Videos which focus on persuading restaurants to shift from relying solely on automated accounting software to...

    • Type: Article
    • Author: E Traffic
    • Category: Business

  18. Why accounting firms are primed to use AI agents in their work

    that “36 per cent of an accountant’s tasks may be automated, and 26 per cent assisted by generative AI, [which] could lead to a shift towards a more advisory and strategic role for accountants.” Notably, this research pre-dates the arrival of Agentic...

  19. Why accountants must escape the validation career search trap

    for a new role. Addressing the limitations of a validation mindset In the accounting sector, a validation mindset can lead to stagnation and missed opportunities: Endless research without action: Accountants often overanalyse job trends, attend CPE...

    • Type: Article
    • Author: Sue Parker, DARE Group
    • Category: Business

  20. Why accountants must be alert to 100A agreement traps

    (usually), or someone connected to the client that actually takes the action – that is, engages in the agreement. The steps leading up to the agreement very often involve advisers. Discussions are had. Emails are exchanged. Advice is sought. But all of...

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