Category: accounting
Only 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. This ...
Average Accounting Firm only has $257,625 Revenue
For the year ended 30th June 2018, 33,870 accounting firms produced revenue of $20b, a 1.5% increase over 2017. The Top 100 accounting firms ...
Top 100 Accounting Firms Record $11.3 Billion Revenue
The Australian Financial Review Top 100 accounting firms for 2018 billed $11.3 billion revenue. Amongst the top 100 firms there is a big divergence ...
Four Types of Introverts
It has been estimated that over 75% of accountants are introverts. This compares to the general population which has a 50/50 split between introverts ...
Accountants Failing to Invest in Themselves
The Tax Practitioners Board (TPB) Code of Professional Conduct (Code) requires registered agents to meet continuing professional education (CPE) obligations. The object of this ...
Role of the Accountant
Accountants who are members of professional bodies are required to act in accordance with the highest professional and ethical standards. These professional standards require: ...
Accountants Preparing Legal Documents
Accountants in public practice generally want to help their clients. Some accountants will do anything for their clients, even break the law. The most ...
The End of an Era for Accounting Practices
Accounting practices, as they are currently organised and operate, is coming to the end of an era – in the type of work they ...
Accountants Stuck in the Inertia Trap
All the professions, accountants included, realise change is occurring with the professions. Most professionals realise that change in other professions is happening, is good ...
Unhappy with Your Tax Refund?
Taxpayers are often unhappy with the size of their tax refund, believing it should be bigger. Sometimes the taxpayers are right and they are ...