Against the backdrop of seismic changes from the Hayne Royal Commission and recent practitioner audits and investigations, Thomson Reuters recently brought the major regulators together at a live webinar to inform tax practitioners of their professional obligations. … 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

Trusts are used extensively in Australia, with the number of trusts projected to hit over 1 million by 2022, a 25% increase from 800,000 in 2014. Used for bona fide business structuring, investment holding, wealth and estate planning as well as superannuation, and fueled by factors such as: The sustained growth and economic clout of […] … Read More

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

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

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