Tag: accountant
Tax planning and business advisory services
Tax planning The primary goal of tax planning is to optimize a business's financial situation by minimizing its tax liability within the legal framework. ...
What questions should I be asking my accountant?
When meeting with your accountant, it's important to ask questions that can help you understand your financial situation, make informed decisions, and ensure compliance ...
Phasing out written authorisation for agent linking
Agent linking between tax agents and clients is carried out through written authorisation. The ATO will be phasing agent linking out in the wake ...
The Pros and Cons of a Country Accounting Practice
There are many benefits to moving your accounting practice to the country. Rural accounting also comes with a lot of risk and potential downside, ...
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 ...
Role of the Accountant
Accountants who are members of professional bodies are required to act in accordance with the highest professional and ethical standards. These professional standards require: ...