Accounting Archives - Wolters Kluwer CCH

Build firm resilience with predictive intelligence

If 2020 has taught us anything, it’s that the future is full of unexpected surprises. But what if you could predict the future? Although there are still many unknowns, predictive intelligence can help you build resilience by proactively identifying how tax legislation or regulatory changes could affect your clients. Advanced technologies, like CCH iQ Client Match can help firms provide enha...

Technology moves from a growth enabler to business continuity facilitator

Technology played a critical role in mitigating the impact of the virus. Whether helping employees to perform their jobs or providing a platform to enable new ways of working. However, looking to the future building resilience through digital transformation requires balancing short-term necessity with realising the long-term opportunity.  Few businesses can be in doubt that technolo...

Technology of the future and how it will change the way compliance is delivered

The accounting industry is ripe for disruption and accountants need to keep a watching brief. All around us we see technology disrupting every industry. No sector is immune. Social media has changed the advertising industry beyond recognition. Technology has transformed ride-sharing and food delivery. Fintech is revolutionising the normally staid financial services sector. Retail, in parti...

Why accountants will be the answer to business growth

Your clients will be looking for two things as they face this period of change and uncertainty in the new normal. Firstly, well-informed conversations that will allow them to prepare for the unknown landscape before them. Secondly, advice and insight as they navigate the compliance and incentives put in place by the government. In short, there is an appetite for your expertise. Many of our...

5 essential tips for improving your services content

One of the key areas of your website that visitors will be most interested in will be the services you offer. Do you offer the service they require? Or do you offer a service that they didn’t actually know they wanted until they visited your site? Optimising your services content for search engines can also be a great way to attract visitors to your website. Here are five effective metho...

Highlights: Australia Federal Budget 20-21

Night view of the Parliament House Canberra, from Lake Burley Griffin Economy Treasurer, Josh Frydenberg, has delivered the Coalition Government’s Federal Budget 2020-21. Key economic parameters and tax and superannuation Budget initiatives include: The Commonwealth Government deficit is expected to reach $213.7 billion this year, falling to $66.9 billion by 2023-24. Net debt will incr...

Writing an engaging Firm Profile page

Writing a professional firm profile for your accounting firm website or social media pages can be a daunting task. Introducing yourself online can be difficult, as opposed to the familiar face-to-face interactions, where you can tailor your communication style to the needs of the moment. As a result, many firms struggle to work out their digital audience and often neglect this important aspec...

Upskilling your practice for the new new normal in accountancy

With so much reliance on technology, where does that leave the humble accountant? What now for your team of technical experts who have perhaps delivered services in the same way for many years? Whilst automation is expected to change 50% of accountancy and finance related jobs, the World Economic Forum estimates that it is not expected to eliminate more than 5% of them. Accountan...

Tax Time 2020: ATO review of incentives and deductions

By Marcus Lai  With Tax Time 2020 well underway, CCH Learning recently hosted An ATO review of incentives & deductions for Tax Time 2020 webinar which was presented by Assistant Commissioners Karen Foat and Andrew Watson. This article summarises some of the key points of discussion that covered a range of topics including support and assistance for tax professionals, COVID-19 complia...