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

Evolve with new tech or risk becoming extinct

Evolve with new tech or risk becoming extinct

Technology advancements present many opportunities for accounting, but those who don’t embrace them will put their businesses and clients at risk. Tax tech expert Richard Puffe explains why your tax practice has to evolve with new technology. “What do names such as Lotus 123 and Atari have in common?” Thomson Reuters Senior Product Manager Richard […] … 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

How finance teams can argue for a technology upgrade

How finance teams can argue for a technology upgrade

This article first appeared in INTHEBLACK on the 6th November 2018. Too expensive, when will you find time to do it and how do our clients benefit anyway? These are typical rejections to requests from finance teams wanting to upgrade their technology, delegates to the World Congress of Accountants (WCOA) heard on November 5. How […] … Read More