Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

Five tips to getting BEPs right every time

September 13, 2018

Eight out of 10 Australian companies say they can’t comply with the new Year 2 local file requirements without some assistance, according to a recent Thomson Reuters survey. The survey of participants at our recent webinar, BEPS: One Year On, suggests that many companies (80%) are still not confident in meeting the requirements of the […]

Five tips to getting BEPs right every time

Five tips to getting BEPs right every time

Eight out of 10 Australian companies say they can’t comply with the new Year 2 local file requirements without some assistance, according to a recent Thomson Reuters survey. The survey of participants at our recent webinar, BEPS: One Year On, suggests that many companies (80%) are still not confident in meeting the requirements of the […] … Read More

Five reasons you need to switch to tax automation

Five reasons you need to switch to tax automation

More than simply improving efficiencies and meeting tax compliance obligations, using the right tax technology is essential to a healthy bottom line. It’s common that businesses will persist with systems that are familiar — a case in point is the humble spreadsheet. A long-time mainstay of many businesses, it remains useful for basic collating of […] … Read More

Cleardocs named Australia’s best trust deed provider for SMSF advisers

Cleardocs named Australia’s best trust deed provider for SMSF advisers

Thomson Reuters Cleardocs has been named Australia’s best trust deed provider for SMSF advisers in the sixth annual SMSF Awards, based on the responses of financial planners, accountants, and other SMSF professionals. … Read More

Why tax compliance needs dedicated software

Why tax compliance needs dedicated software

Tax compliance in Australia is a complex business and can involve multiple departments across an organisation working together to fulfill any outstanding issues. This, however, is not always a simple or coherent task, as departments in big companies often hold onto data or don’t have the necessary resources to share efficiently or effectively to allow […] … Read More

Excel and the future of accounting

Excel and the future of accounting

It may be as commonplace in Australian businesses as the office Christmas party, but Microsoft Excel should not be confused with an enterprise-level tax solution, according to Jessica Farthing, Director (Indirect Tax), Grant Thornton Australia. There’s no denying the popularity of the familiar, if cumbersome, software tool here and overseas. A recent Deloitte survey revealed […] … Read More

Faithful to FOMO: The benefits of leaving your tech comfort zone

Faithful to FOMO: The benefits of leaving your tech comfort zone

After 10 years since Apple's release of the first iPhone, users are migrating to other brands. while Microsoft released MS Excel twenty years ago and it remains the solution of choice for many accountants. Why are we less comfortable with embracing new tech in our professional lives when we have an equal number of choices? Nicholas Wong looks at why exploring new technology solutions for accountants is a good thing. … Read More