Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

5 things to look for in tax technology

5 things to look for in tax technology

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

Evolve with new tech or risk becoming extinct

Evolve with new tech or risk becoming extinct

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

Are CFOs ready for the ‘perfect storm’ of disruption?

Are CFOs ready for the ‘perfect storm’ of disruption?

Technological revolution is fundamental for both the survival and growth of any organisation anywhere in the world today. Automation, technological learning, and artificial intelligence is becoming fundamental to the day-to-day operations of running a business. But not only has technology evolved, so has the role of the Chief Financial Officer (CFO) whose remit is now […] … Read More

Why moving to the cloud is about finding customers

Why moving to the cloud is about finding customers

For smaller tax practices, moving to the cloud is being driven by customer expectation not technology, as Senior Product Manager Richard Puffe explains. Puffe said while 80% of Australian accountants are using some elements of cloud software in tax preparation, that figure is closer to 25% for those using a full cloud-based tax management solution. […] … Read More

How to minimise the risk of a client audit

How to minimise the risk of a client audit

Client tax audits are costly in terms of stress, time, and money for all parties. Richard Puffe, Thomson Reuters Senior Product Manager, Tax & Accounting, ANZ, and fellow Product Manager Shane Paxton outline how to avoid them. Last year the Australian Tax Office (ATO) was clear as to what area it deemed ripe for a […] … Read More