Category: tax accounting
Checklists Save Lives and Money
Every time you visited an accountants’ office, were you daunted by their comprehensive checklist with over 50 Items on it? A few would have wondered why ...
70% of myGov Users Are Making Mistakes
The Australian Taxation Office has introduced a simple tool for individuals (including sole traders) to lodge their own tax return electronically for free – ...
70% of Accounting Practices Have No Strategy
70% of Australian accounting practices have no clear strategy for their business. The strategic error According to Michael Porter the worst strategic error is ...
Identifying Business Opportunities
Operating a small business is one of the most rewarding yet challenging experiences and the difference between business success and failure is sometimes marginal. ...
Accounting Industry Performance 2015/2016
For 2015/16 the total Australian accounting industry revenue only grew 3.2% or $580m to $18.7bn. In contrast the big 4 accounting practices grew their ...
State of the Australian Accounting Profession
Survey results of key performance indicators in Australian accounting firms over the last 12 months show: The average firm is a two partner practice ...
Why Every Accountant Should Be Using Cloud Accounting
Every accounting practice should be using cloud accounting for their practice for three reasons: Access to real-time (daily) accounting data showing the practices current ...
Tax Havens – Turning Tasmania into Another Zug
Tasmania today is a really awesome place to holiday, but an economic wasteland. Tasmania has the distinction of ranking the lowest of all Australian ...
Accounting Practice Acquisitions | Purchasing Clients to Speed Growth
It is possible to expand business rapidly if you have extra funds or can borrow/finance a 'fee parcel purchase' or 'practice acquisition'. Points to ...
Six Types of Accounting Practices
The accounting and tax market in Australia is comprised of over 32,920 accounting practices/businesses and employs over 136,000 people generating $17 billion in annual ...