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Writing an engaging Firm Profile page

Writing an engaging Firm Profile page

September 16, 2020

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 aspect of their online marketing.

Six signs your tax processes are due for a makeover

September 15, 2020

When tax teams struggle to get reports out on time; when provisioning is a little hit-and-miss (and fixed much later); when members of the finance team consider the tax function’s procedures to be opaque; when the CFO, CEO and board show little awareness of the risks: these are all signs of the need for change.

Professional practices — tax limbo continues

September 11, 2020

It is difficult to be too critical of the ATO presently, with the demands on it delivering the government stimuli, but this is little consolation for professionals seeking some clarity as to acceptable tax planning structures for their practices.

Company Law – A first for ASIC: Cracking down on cyber security failure

September 9, 2020

ASIC has commenced proceedings against RI Advice, an Australian Financial Services licence holder, for failing to ensure that financial advisers under its control had adequate cyber security systems in place.

Upskilling your practice for the new new normal in accountancy

September 9, 2020

Firms already on the path to digitalisation will have seen this period of prolonged remote working and online collaboration as justification for their continued investment in technology. For those pioneering firms that see technology as an enabler for the growth of their practice, it is very much a key factor in their ability to not only survive, but to thrive in a post-COVID world.

Fortune deserts PSI taxpayer

September 7, 2020

In “The PSI rules back in Federal Court” (Issue 34 (2019) CCH Australian Tax Week ¶601), the author suggested that the taxpayer in the Federal Court’s decision in Fortunatow v FC of T 2019 ATC ¶20-706; [2019] FCA 1247 was rather fortunate. It now seems that his luck has caught up with him as the Commissioner has won his appeal: FC of T v Fortunatow & Anor 2020 ATC ¶20-758; [2020] FCAFC 139.

Tax Time 2020: ATO review of incentives and deductions

September 3, 2020

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. Some of the key topics for discussion included support and assistance for tax professionals, COVID-19 compliance measures, Tax Time 2020 at a glance, working from home expenses and ongoing support for small businesses.

How do you recognise you have outgrown your existing tax processes?

September 1, 2020

In an interview with CAANZ Acuity magazine, Andy Hung, Director, Professional Firms & International, CCH Integrator at Wolters Kluwer, and Kim Olsen, Head of Product – Enterprise Software, discuss how an enterprise-wide tax platform can be a game changer in meeting your organisation’s ongoing reporting processes and tax compliance responsibilities.

Backpacker tax win for ATO (for now)

August 31, 2020

A shambles In “Backpacker tax continues to plague government”, the author detailed the history and development of the so-called “backpacker tax” (the denial of a tax-free threshold with a minimum 15% tax on working holiday visa holders). The political controversy was outlined and the rationale for the tax questioned given the development of a line […]