Accounting and Tax Resources for Businesses & Accountants
Resources for Business Owners
Resources for Accountants
Common Mistakes Tax Agents Make
New tax agents often make the same avoidable mistakes—misunderstanding compliance, undercharging, struggling to get clients, or failing to keep up with tax law changes. In this guide, we break down the five biggest mistakes and how to avoid them, so you can build a confident, profitable tax practice from day one.
BAS Agent vs. Tax Agent: A Head-to-Head Showdown
Not sure whether to pursue a career as a BAS Agent or a Tax Agent? In this blog, we break down the key differences, growth opportunities, and earning potential for both roles. Whether you're interested in providing business strategy and financial management as a BAS Agent or offering proactive tax advice and planning as a Tax Agent, this guide will help you make an informed decision. Plus, discover how our Income Calculators can give you a clearer picture of your potential earnings!
Federal Court Confirms UPEs Are Not Division 7A Loans
The Federal Court has ruled that unpaid present entitlements (UPEs) are not Division 7A loans, contradicting the ATO’s long-held position. While this decision is a win for trusts and corporate beneficiaries, the ATO has a history of pushing back against court rulings, often issuing tax determinations or lobbying for legislative changes. With uncertainty around the ATO’s next move, business owners and tax professionals should stay vigilant and monitor further developments.
The Rise and Fall of Automation in Accounting
Automation promised to revolutionise accounting, but the recent collapse of Bench shows that even the most tech-driven models have their limits. In this blog, we explore the rise of automation in accounting, the challenges it brings, and why human expertise remains irreplaceable. Learn from the lessons of failed startups like Bench and discover how smaller firms can thrive in a hybrid future of technology and personalised service.
Accountants of Tomorrow: Adapting to a Changing Industry
Stay ahead in the rapidly evolving accounting industry by embracing technological advancements and shifting to advisory services. This final post in our series emphasizes the importance of continuous learning and professional development, preparing you for future trends and ensuring your long-term success.
Your Roadmap to Success: Building Your Own Accounting Firm
Ready to start your own accounting firm? This comprehensive guide provides a roadmap for aspiring entrepreneurs, covering everything from creating a business plan and obtaining certifications to building a client base and scaling your business. Learn how to navigate common challenges and embrace future trends to ensure long-term success.
Supercharge Your Career: The Power of a Taxation Program
Unlock higher earnings and expand your freelance business by becoming a tax agent. Discover the benefits of specialised taxation expertise, from commanding higher fees to attracting a broader client base. Learn how investing in a taxation program can transform your career and boost your professional growth.
Be Your Own Boss: Is Freelance Accounting Right for You?
Ready to break free from the 9-to-5 grind? Explore freelance accounting and embrace freedom, flexibility, and independence. With technology at your fingertips and a growing demand for skilled professionals, now is the time to seize control of your career. Say hello to a rewarding journey tailored to your lifestyle and goals. Join us and unlock the potential of freelance accounting today!