Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

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.

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

Building a technology business case: strategies for tax managers

Building a technology business case: strategies for tax managers

Globalisation and ever-changing regulations have put tax departments under pressure to do more reporting then ever, often with less resources, and old systems and processes. Cross-functional collaboration in an organisation is fundamental in meeting compliance requirements, but it also creates an ideal opportunity to adopt technology for the benefit of everyone. with this in mind, how can you build your case? … 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

How much are spreadsheets hurting your business?

How much are spreadsheets hurting your business?

One of the most important aspects of running a business is reducing risk. This can be tackled in a multitude of ways but when it comes to tax compliance, there are simple steps you can take. For starters, any big businesses relying on Microsoft Excel spreadsheets to prepare your tax obligations either on a quarterly […] … 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