Category: tax accounting
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 ...
Accountants vs Financial Planners
Is your most trusted advisor your accountant or your financial planner? Numerous surveys consistently have clients (whether individuals, investors or small business owners) rating ...