The future of Australian Tax Compliance… Why Gen Y find it hard to engage

David CarterAutomation

With Automation likely to impact compliance in the near future, and offshoring impacting compliance now, this week we look at Gen Y’s engagement with the future of compliance. There has been plenty of discussion about offshoring and automation affecting compliance, and particularly where the new “Middle Managers” will be found in 3-5 years if graduates aren’t being engaged and recruited … Read More

Changes to SMSF Compliance… More reporting, more automation

David CarterAutomation

Changes to SMSF Compliance... More reporting, more automation

A couple of days ago an interesting video was released of the discussion between Ron Lesh of BGL and Peter Switzer. In the video there is plenty of discussion about the changing laws and reporting requirements for SMSF’s in Australia, and the fluid and every changing nature of SMSF’s and SMSF reporting. The ever changing SMSF laws have been the … Read More

The Legal market pulse. Exploring alternative business models including outsourcing

David CarterPublication

The Legal market pulse. Exploring alternative business models including outsourcing

The Commbank Legal Market Pulse has some interesting reading for Australian accountants, especially in the compliance area. Australia’s leading law firms are moving into, and responding to, a rapidly changing market. The changes are brought about by intensifying competitive pressures, with subdued revenue growth, margin compression, and increasingly demanding clients. This is compounded by continual price negotiations, the increasingly competitive … Read More

It’s all about the teamwork

David CarterGeneral

It’s all about the teamwork

When I was younger I played Rugby.  A lot of rugby. And in a sports minded Australia, Rugby was good. I eventually had to choose between Accounting and Rugby as I headed into University. Yes, a lot of non-accountants might question that decision. Just heading into first year University I was still playing Rugby. Playing for my Club, playing for … Read More

The Millennials Takeover! Millennials in the workplace

David CarterGeneral

The Millennials Takeover! Millennials in the workplace

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 … Read More

Is Social Media marketing all that it’s cracked up to be

David CarterPublication

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 … Read More

TPB rattles Outsourcing and Offshoring Users. Draft practice note released

David CarterOutsourcing

TPB rattles Outsourcing and Offshoring Users

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 … Read More

Millennials start to make their mark

David CarterGeneral

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 … Read More

5 Threats to Australian compliance work today

David CarterGeneral

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 … Read More