Category: accounting
Accounting for cryptocurrency transactions for tax purposes
Cryptocurrency is a digital asset in which encryption techniques regulate the generation of units and verify transactions on a blockchain. Cryptocurrencies are usually independent ...
How can a small accounting practice back up their data on a budget?
Backing up your practice data is essential. Loss of data can cause irreparable damage to a small accounting practice. The rule of thumb is ...
The rise of MyTax and the fall of tax agents
In 2013/14, 74.2% of all individual tax returns were prepared by tax agents. Fast forward six years to 2019/20 and that figure had fallen ...
Remember Twisted Tax Tales?
Do you remember our Twisted Tax Tales short story competition? You can still read over 150 crazy Twisted Tax Tales stories right here. So ...
Tech for Tax Agents in 2020
Here are our top 5 tech tools for tax agents: Logitech HD Pro Webcam C920 - Meet with your clients online with a crystal ...
What to do when your practice receives a fake Google review
Unfortunately we live in a world where some competitors feel the need to use dirty tactics in a futile attempt to rise above the ...
Does my accounting practice need a Facebook page?
Facebook business pages are a great way to show the human side of your business and build trust with potential clients by: Posting pictures ...
Professional accountant or elite athlete?
Would you be surprised if we told you that the makings of a great accountant are also the makings of elite athletes? In fact, ...
The origin of numbers
A number is a mathematical object used to count, measure, and label. 37,000 years ago, a Lebombo bone (part of a baboon's fibula) was ...
Success secrets from our top 10 growth practices
The average growth rate for our top 10 tax practices for 2019/20 was 45%. What were their secrets to success? "Franchisor support can make ...