For those that missed it, there is an interesting interview with Simon Sinek was released regarding “Millennials in the Workplace”. For those of you that missed this video, click here for the link. What’s interesting is that there are almost 7.4 million views of the link above, with 62,000 giving a thumbs up and 3,000 giving a thumbs down, and …
Is Social Media marketing all that it’s cracked up to be
There has been a large amount of effort spent on social media, and a large amount of effort in convincing business owners on the importance of being “social” online. Certainly many Australian accountants are being bombarded not only with “Compliance is dead so move to business consulting” messages, but almost at the same pace there are messages that any Accounting …
TPB rattles Outsourcing and Offshoring Users. Draft practice note released
A few days ago the Tax Practitioners Board (TPB) released draft Practice Note TPB(PN) D38/2017 to provide practical guidance and assistance to registered tax practitioners in understanding their obligations under the Code of Professional Conduct in relation to the use of outsourcing and offshoring. It should be noted that this is a draft practice note, and submissions and comments are invited …
Millennials start to make their mark
We thought we’d start off with a joke from the Edinburgh fringe festival this week, which appropriately is about change. “I’m not a fan of the new pound coin, but then again, I hate all change”. Certainly Australian accountants must be getting used to seeing change as a constant in the social media, newsletters, emails and various other media assaulting their …
Why Value Based billing isn’t dominating in Australian Accounting Compliance
For anyone who has been in the Australian accounting compliance arena for any length of time, the argument for “Value Based Billing” (VBB) is an ongoing Holy Grail. For some who have eliminated timesheets and moved to Value based billing the proof seems to be there, but for the majority of accountants we don’t see a stampeded to VBB. Somewhere …
5 Threats to Australian compliance work today
In this blog we put down our thoughts on the 5 big threats to the future of Australian compliance. Software houses and Artificial Intelligence Starting the countdown from the most important threat (I guess that means we have the drumroll first), is Software houses and Artificial Intelligence. We put these at the top of our list, and research shows that …
Finding work life balance for Australian accounting firm owners
Looking at the next generation entering the workforce the older generation frequently comment “things were different” when they entered the workforce, and that older generation were lucky to have a job. That older generation probably forgets that each new generation is accused of being less resilient than the previous generation. Certainly it can’t be denied that a “job for a …
Australians taking tax shortcuts overseas. Short term gain, long term pain.
After almost three decades overseas, we’ve seen some interesting behavior from Australians taking shortcuts overseas. Below are several of the examples, and some of the more interesting cases we’ve seen. Starting off with the interesting story of an Australian who killed a taxi driver over a $10 dispute on a taxi fare. However, let’s look at some of the issues …
The Future of the Professions – Commoditisation and Automation all around
We had an Australian lawyer visit our office the other day. This is pretty unusual, especially as we’re pretty much just about accounting for accountants. Anyway, he’d been referred by his friend, an accountant, who said he should look us up if he was ever in Vietnam. He’d more recently been feeling the pressure of the legal profession, and the …
New accounting software with Big data analysis is here
I had a chat last week with a gent from a small company that had created some new and quite exciting accounting software. What was interesting was that the gent was pretty much running the whole show by himself. He’d identified a niche market, which in this case was freelancers, and he had developed accounting software to support freelancers. And …
