Posts by Tracy James
Registered Tax Practitioner Numbers Surge to 77,749
42,561 tax agents, 15,638 business activity statement (BAS) agents and 19,550 tax (financial) advisers regulated by the Tax Practitioners Board.
Read MoreWhere are the Innovative Accountants?
ave a read of the average accountant’s website, and the word ‘innovation’ keeps popping up. Are accountants really innovating?
Read MoreOnly 1% of Accounting Practices Provide Tax Planning Services
For the year ended 30th June 2018, 42,561 tax agents (RTA) and 19,550 tax (financial) advisers generated $330 million in tax planning revenue.
Read MoreAverage Accounting Firm only has $257,625 Revenue
Excluding the Top 100 practices, there are another 33,770 practices producing combined annual revenues of $8.7b.
Read MoreTop 100 Accounting Firms Record $11.3 Billion Revenue
The top 100 accounting firms for 2018 billed $11.3 billion revenue. PwC was number 1 with $2.35b, and Suntax number 100 with $4.33m.
Read MoreFour Types of Introverts
It has been estimated that over 75% of accountants are introverts.
Read MoreAccountants Failing to Invest in Themselves
Registered tax agents are required to meet continuing professional education (CPE) obligations.
Read MoreRole of the Accountant
Accountants who are members of professional bodies are required to act in accordance with the highest professional and ethical standards.
Read MoreAccountants Preparing Legal Documents
Some accountants will do anything for their clients, even break the law. The penalty for engaging in unqualified legal practice is two years imprisonment.
Read MoreLife Insurance for Dead People
Charging life insurance to dead people – how would that work? Just ask AMP – as highlighted in the Banking Royal Commission, AMP has admitted charging $1.3 million in life insurance premiums to more than 4,600 dead people through their superannuation. This clearly doesn’t pass the ‘pub test’, and AMP are in the process of…
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