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  1. On behalf of Intuit QuickBooks, we would like to wish you a Happy International Accountants Day!

    $45.3bn in value (savings and profits) from their relationships with their accountants and bookkeepers (advisors) in the last year. Through hard times we have seen advisors step up to the plate, and their role in supporting the small business economy in...

  2. 3 steps to implementing a new process automation before your Christmas closure!

    and you’re no doubt looking forward to some much-needed R & R. Don’t take your foot off the pedal just yet though, these last few weeks before Christmas are a great time to review your systems and implement some quick-win projects that will make your...

    • Type: Article
    • Author: Business Automations Works
    • Category: Technology
  3. Why Peak Chartered Accountants are so tech-positive

    up so much RAM on our hosted server solution that the system would begin to grind as the day went on. Then during lockdown last year in April, I recognised we were in a hybrid situation where we didn’t need to be working through a centralised service....

  4. How Aussie business spending patterns changed during the pandemic

    at spending patterns of over a million customers around the world to determine the health and habits of firms during the last 18 months to see how they responded to the pandemic. Included in this study is the Australia Business Spending Report that...

  5. Pandemic pushes long-term unemployment to new peak

    the record highs seen following the 1991 recession. As the Australian economy gears up to recover from the lockdowns of the last six months, ACOSS noted that the chances of people who are on income support finding work tend to fall the longer they’re...

  6. Get set for success in 2022

    than they usually do, due the pandemic’s negative effect on many businesses. “ATO planning is cash flow planning. The last couple of years, accountants and bookkeepers have advised clients to keep their lodgements up to date or be really upfront in...

  7. Cryptocurrency Tax FAQ’s

    overall position at the end of the financial year. For example, if your client doubled their money and closed their position last financial year, but got their entire holdings liquidated this financial year, they will still need to consider taxes on the...

    • Type: Article
    • Author: CryptoTaxCalculator
    • Category: Tax
  8. Low and middle-income tax offset could be extended

    year to help lower income earners who are still struggling financially because of the pandemic,” Ms Kasapidis said. “The last time the LMITO was extended, it formed part of the 2020-21 budget announcement. This time around it may become an election...

  9. CountPlus reappoints CEO

    its business and focus resources on tax and business advisory services. The firm’s Western Australian outpost was the last CountPlus member firm to offer audit services, said newly appointed Bentleys WA managing director Fab Fanayan at the time....

  10. APAC e-commerce payments to increase 17%

    payment methods like cash and cards,” the group said. “The APAC e-commerce market has been growing at a robust pace over last few years supported by rising Internet and smartphone penetration, growing middle class population and tech-savvy millennials....

  11. Hume warns super funds tapping into members’ money to ‘save their own skins’

    which may need to fund a separate reserve of trustee capital to meet any potential fines or penalties issued by regulators.” Last month, the Supreme Court of Queensland declared QSuper could impose a new fee on members in order to pay any regulatory...

  12. Why now is an opportune time for accountants

    over the next few years – my guess is that future data will show us that many zombie companies have been lurking for the last two years." Going forward, Mr Withane said he expected accountants to see more clients in need of restructuring and turnaround...

  13. Why more Millennials are turning to SMSFs

    more cost-effective. And the SMSF Association really validated a lot of that and debunked ASIC’s fact sheet that they had last year by releasing research to show that costs are coming down, which, therefore, means the framework for entry points and...

  14. Auditors urged to remain vigilant on businesses ‘cooking the books’

    over the next few years – my guess is that future data will show us that many zombie companies have been lurking for the last two years,” Mr Withane said. “We think that accountants are likely to see more clients in need of restructuring and turnaround...

  15. Addressing the discrepancy: Why supporting women in accounting is paramount for the profession

    firm. “I would like to see more accounting firms embracing this approach. “There has been a significant improvement over the last decade. But more flexibility is required.” To address gender equality in the accounting industry, Intuit QuickBooks has...

  16. ATO reiterates tax system incentives

    the 100 businesses that have approached the ATO, with around $270 million already repaid. “Similarly, and as I mentioned last year in relation to the newer stimulus measures, please access them and use the proceeds to invest in your business. But also...

  17. ‘We cannot rest on our laurels’: Senator Jane Hume

    said they were shaping the industry and “holding out the torch for other women who will in turn pave their own way forward”. Last year, the federal government released an updated iteration of the 2018 Women’s Economic Security Statement as part of the...

  18. 'Identity crisis' to impact Australian accountants

    firm consolidator. Speaking to Accountants Daily, Fleming Stojanovski, Chief Executive Officer at CAAA, said over the last 12 months his firm has witnessed much change impacting the profession, largely brought on by the COVID-19 pandemic creating a new...

  19. Payroll tax: The hidden risk of interstate employees

    tax in their home state but have one or two interstate employees. The risk of this occurring has been exacerbated in the last two years with the COVID-driven explosion in remote working, with the realisation that many employees can work from anywhere,...

  20. ATO provides further clarity on DIN process

    with respect to the director identification number process and outlined some of the ATO’s longer-term plans. In June last year, the government passed laws introducing the requirement for all directors of a company in Australia to have a director...