Big Four accounting firms dodge a bullet

Four Laws of Accounting:
1. Trial balances don’t.
2. Bank reconciliations never do.
3. Working capital does not.
4. Return on investments never will

Big Four accounting firms dodge a bullet

Tax Commissioner Chris Jordan’s bold attempt to regulate Australia’s more creative tax advisers ended quietly last month with an agreement that is so good for Big Four firms they are barely talking about it.

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Small business shows signs of improvements in sales, wages and jobs

Strong jobs growth and an increase in wages and sales have seen an increase in the Xero’s Small Business Index.

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Fishing for accounting talent? It’s all about timing

A look at the latest data reveals the best month to recruit and the truth about the Great Resignation.

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Recommending clients to specialists need not be taboo

Collaborating with accredited specialists to deliver better business and financial results for clients is a smart move for accounting firms – and does not mean having to relinquish work.

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From the Accountants Chat Australia Group

Accounting tech update:

I’ve had a busy week developing the product for my accounting industry web application. As I am doing the actual ‘coding’ this means designing and implementing data models/logic. I also need everything to work with a team in mind so that multiple users can work on the same problem. As I mentioned in an earlier email the application is going aim to solve the problem of a perceived lack of value in the accounting industry. With this in mind, I would like to survey the readers, do you have custom services for every client or service packages clients can choose from? Answer via the group here.