Category: accounting
Accountants Fail as Business Advisors
Australia has 2.2 million businesses, of which 2,065,523 are defined as small businesses (employing less than 19 people). The ATO statistics show 96.7% of ...
Accountants Obsessed with Themselves
With the explosion of social media over the last decade, accountants (like a large percentage of the population), have become obsessed with themselves. A ...
5% of Tax Practitioners are Breaking the Law
The Tax Practitioners Board (TPB) 2017/18 annual report highlights that only 95% of practitioners are compliant with all aspects of the law. For the ...
Registered Tax Practitioner Numbers Surge to 77,749
As at 30th June 2018 there are 42,561 tax agents, 15,638 business activity statement (BAS) agents and 19,550 tax (financial) advisers regulated by the ...
Where are the Innovative Accountants?
Have a read of the average accountant’s website, and the word ‘innovation’ keeps popping up. There is no doubt accountants have heard of the ...
Only 1% of Accounting Practices Provide Tax Planning Services
For the year ended 30th June 2018, 42,561 tax agents (RTA) and 19,550 tax (financial) advisers generated $330 million in tax planning revenue. This ...
Average Accounting Firm only has $257,625 Revenue
For the year ended 30th June 2018, 33,870 accounting firms produced revenue of $20b, a 1.5% increase over 2017. The Top 100 accounting firms ...
Top 100 Accounting Firms Record $11.3 Billion Revenue
The Australian Financial Review Top 100 accounting firms for 2018 billed $11.3 billion revenue. Amongst the top 100 firms there is a big divergence ...
Four Types of Introverts
It has been estimated that over 75% of accountants are introverts. This compares to the general population which has a 50/50 split between introverts ...
Accountants Failing to Invest in Themselves
The Tax Practitioners Board (TPB) Code of Professional Conduct (Code) requires registered agents to meet continuing professional education (CPE) obligations. The object of this ...