With the introduction of the new AASB 16 Leases, lessees are now required to account for the assets and liabilities from operating leases, changing the balance sheet forever. … Read More

Capital gains tax (CGT) concessions can create powerful tax and superannuation planning opportunities for small businesses. However, since legislation was introduced last year to include extra tests and conditions to access the concessions, you need to use surgical precision to ensure your clients are eligible. … Read More

Technology is transforming tax and accounting, allowing accountants to move from a focus on compliance to a broader adviser role – and driving revenue growth. … Read More

Smart, cohesive technology has triggered an increase in ATO tax audits in the past 12 months. Organised and accurate documentation is key to being prepared should an audit be requested. … Read More

Get ahead in the cloud. Businesses using cloud technology experience 53% faster revenue growth. The Australian tax environment has never been more complex or competitive than it is today with 75% of businesses adopting new technology in the past 12 months to stay competitive. The list of pressures facing accountants is mounting. This means changes […] … Read More

Technology advancements present many opportunities for accounting, but those who don’t embrace them will put their businesses and clients at risk. Tax tech expert Richard Puffe explains why your tax practice has to evolve with new technology. “What do names such as Lotus 123 and Atari have in common?” Thomson Reuters Senior Product Manager Richard […] … Read More