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The Accountant's Holy Grail
Perhaps like Indiana Jones after hundreds of years accountants are within reach of their holy grail. For eons accountants have struggled with client’s data that is out of date and required...
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Why are we manufacturing door stops?
When I am conducting firm technology and process reviews I ask them to show me the final product that is produced for clients. Typically it is a bound set of financials with a covering letter and...
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The essential SME tax checklist
Consider claiming for Research & Development (R&D) Incentive The changes to the R&D concession effective 1 July 2011 are intended to make the incentive more attractive for small &...
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Accountants are more social than we thought
Many readers would be aware that Smithink 2020 recently conducted the inaugural Leaders and Laggards Technology Survey of accounting firms. One interesting finding was the number of firms that had a...
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What the latest World Bank economic forecasts mean for Aussie SMEs
Grim news from the financial sector yesterday, as the World Bank flagged a potential new economic downturn, which looks to be uglier than the rollercoaster we’ve just endured. Dubbed ‘GFC Mark II’, the...
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Do you have a CFO in your business?
Do you have a Chief Financial Officer (CFO) in your business? If you’re a small business, chances are, no. Few small or medium businesses have a CFO. A CFO’s role in a business is to use the...
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The most important thing
I’m assuming, if you’re reading this article, that you’re an accountant or at least working in the industry in some capacity. Let me ask you a question … “As an accountant what is the most important...
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So Mr Shorten – let’s create even greater confusion for the client!
As readers are aware, the ongoing review by the government in the provision of financial services continues. One of the issues is the removal of exemption that permits accountants to discuss issues...
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The best websites and blogs for accountants to follow
Websites, online articles and blogs can be a great source of useful content for accountants. Accountants can often get a broader perspective and take their knowledge to the next level by following...
View Article10 Ways to Increase Your Profit Margins
Many business owners think you need to increase sales substantially to make more money. But often that’s too difficult, especially in the short term. Take, for example, the prospective client I met a...
View Article7 strategies to pay less tax for your business
With the end of the financial year (EOFY) fast approaching, I’ve outlined some valuable last minute tax tips and strategies to reduce your 2012-13 tax bills. Tip 1: Claim instant write-off for assets...
View ArticleThe proactive accountant
There’s a new breed of accountants in the current wave of evolution in this industry. Rather than meeting their clients once a year for tax compliance matters, these accountants are now engaging with...
View ArticlePart 2: Improving client relationships through technology
This is part 2 of a 4-part story about the way technology can improve your client relationships. Read the first instalment here Last week we met Nick Handley from Handley Accounting Services in...
View ArticleWhy I really love the MYOB Technology Report
I love research. I love that research can help us understand what motivates people; what irritates people; what makes people’s business lives easier. What I don’t love is interpreting research. Sad but...
View ArticleA tale of two accounting firms
It was the best of times, it was the worst of times, it was the age of cloud accounting, it was the age of foolishness, it was the epoch of productivity, it was the epoch of incredulity, it was the...
View Article5 key things an accountant needs to communicate to the CEO
Whether you are operating in a small, medium-sized or large business, the role of the accountant, financial controller or Chief Financial Officer (CFO) is critically important to the success of the...
View Article10 interview questions for anyone you are hiring in accounting
A good accountant or financial controller is an invaluable right-hand person in your business. A person who understands the numbers and can interpret what is happening so you can make better decisions...
View ArticleAccountants’ input to drive the new ELS
Our recent interview with the ATO’s Mark Jackson – Deputy Commissioner of Business Reporting and Registrations – revealed some pretty fine news for Australian accountants. The interview focused on the...
View Article3 guidelines for bootstrapping your new business
Bootstrapping, as in, ‘to pull yourself up by the bootstraps,’ means accomplishing something on your own without outside help. In the world of start-ups, it means going into business despite having...
View Article10 questions you need to ask your accountant before EOFY
So you’ve been to the dentist, had lunch with your mother-in-law and even lent your sister’s boyfriend $5000 to fix his car (which you know you will never see again). What’s the next most painful...
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