Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

Unit Trust Compliance and Justified Trust

Unit Trust Compliance and Justified Trust

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

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