Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

Statutory Reporting gets a global makeover
The Future of the Profession: Building the 21st Century Accountant

The Future of the Profession: Building the 21st Century Accountant

What will the accountant of the future look like? Technology and disruption are at the heart of any debate on the industry’s direction. But just how these will impact the systems, processes, roles and the service value proposition of the profession over the next decade is a fertile line of inquiry. Though one thing is certain, a rethink of the role of the accountant and the industry offering is inevitable. … Read More

Questioning Excel: Is your allegiance costing your business?

Questioning Excel: Is your allegiance costing your business?

Thomson Reuters’ Director of Product Management ANZ,  Nicholas Wong, spoke to Accountants Daily about the future of MS Excel in the tax and accounting sphere. While most organisations are moving away from Excel as a tool to collect data, Wong is hesitant to predict the death knell of Excel over the next decade. “There will always be a […] … 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

Local file, local flavour: Lessons from BEPs one year on

Local file, local flavour: Lessons from BEPs one year on

BEPs first anniversary is approaching. What can we learn from the unique challenges faced by multinationals operating in Australia? And what will Year 2 bring? Joanne Ting, CbC and Transfer Pricing technology specialist gives us a preview ahead of the upcoming webinar with BDO and The Tax Institute. … Read More