Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

Professional services firms left in a quandary after ATO suspends risk assessment guidelines

January 22, 2018

As practitioners will be aware, the ATO has suspended the application of its risk assessment guidelines for allocation of profits within professional services firms. The ATO’s risk assessment guidelines previously stated they would be reviewed in 2017. However, writing in Thomson Reuters 2018 Weekly Tax Bulletin Issue 3, Lance Cunningham, BDO National Tax Director, says […]

Professional services firms left in a quandary after ATO suspends risk assessment guidelines

Professional services firms left in a quandary after ATO suspends risk assessment guidelines

As practitioners will be aware, the ATO has suspended the application of its risk assessment guidelines for allocation of profits within professional services firms. The ATO’s risk assessment guidelines previously stated they would be reviewed in 2017. However, writing in Thomson Reuters 2018 Weekly Tax Bulletin Issue 3, Lance Cunningham, BDO National Tax Director, says […] … Read More

Five steps to attract the accounting clients you want

Five steps to attract the accounting clients you want

Are you stuck saying yes to every opportunity that comes through the door for fear of not having enough work? Don’t let chance determine the kind of work you do. For a truly successful accounting practice, here are five steps to help you attract the accounting clients you want. Luck and chance seemingly play a […] … Read More

Do clients know what makes your accounting firm unique?

Do clients know what makes your accounting firm unique?

What if you could attract the right kind of clients – and keep them coming back? Find out how by following these 10 simple steps to creating your firm’s unique selling point. A common mistake many small- to medium-sized firms make is trying to be all things to all people. By doing so, they promote […] … Read More

8 key questions every CFO should now ask when considering leases

8 key questions every CFO should now ask when considering leases

Are you involved in a business that leases assets?  A recently issued standard in New Zealand has the potential to significantly change what you currently report in your financial statements from 1 January 2019 onwards. Leases – a new External Reporting Board standard The standard on leasing was approved in mid-February for issue by the External […] … Read More

How social media can help you win accounting clients

How social media can help you win accounting clients

There’s no question that social media is a great networking and recruitment tool. But how can busy accountants use it to market their firm and win clients? Only a third of Australian businesses have adopted a social media presence, but Sensis recently reported that 79% of Australians now use social media. That means many business opportunities […] … Read More

Dynamic Duos: The Future of Tax and Accounting

Dynamic Duos: The Future of Tax and Accounting

Almost half of Australian executives and a quarter of CEOs predict that their businesses will be significantly transformed in the next 3 years, either through adapting to new technologies or offering new products or services[1]. However, enterprise transformation is a challenging and iterative exercise. Acquisitions have been the preferred way to pivot into new markets, […] … Read More