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23 Mar, 20

Victorian government to refund payroll tax and establish business support fund in $1.7 billion response to COVID-19

The Victorian government will begin refunding payroll tax payments to small and medium businesses across the state this week as part of its $1.7 billion economic stimulus package in response to the COVID-19 pandemic. Victorian Premier Daniel Andrews and Treasurer Tim Pallas outlined the measures on Saturday in what they said is a stimulus package […]
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20 Mar, 20

Top 4 productivity apps for small business

Source: Reckon.com Productivity equals profitability. I bet you’re already using a range of modern apps to run your business in various ways to be as profitable as possible. But do you have everything you need to stay productive? Are you stuck with lesser, outdated software? Is there a new way of doing business out there […]
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ATO Tax incentives in response to COVID-19

Article 1 Instant asset write-off increased For new or second-hand assets first used or installed ready for use from 12 March until 30 June 2020, the instant asset write-off threshold will be increased from $30,000 to $150,000 for businesses with aggregated annual turnover of less than $500 million (up from the current $50 million threshold). […]
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21 Feb, 20

The pros and cons of a career in accountancy

Source –  Gradaustralia No job is all upside. As you prepare to go into the world of full-time work, it’s worth considering how much you’ll enjoy the pros and how disheartening you’ll find the cons of an accountancy career. The world is full of accountancy grads who aren’t working as accountants. Some are musicians (Mick […]
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21 Feb, 20

Higher salaries inspire school leavers to consider accounting career

Source – accountantsdaily Citing recent data from recruitment agency SEEK, where accounting was ranked among the NSW top professions as the highest for salaries, Chartered Accountants Australia and New Zealand (CA ANZ) are encouraging school leavers to take up accounting. Lee Whitney, CA ANZ group executive account management, said accounting has also taken the lead […]
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14 Jan, 20

IFRS: new challenges, new opportunities for accountants

Source – INTHEBLACK Financial statements need the input of more stakeholders than accountants, and accountants, too, need to think more broadly – their skill set is becoming more valuable as the need for better communication and broader valuation expertise becomes a normal part of the job. Accounting standards are designed to make the principles and […]
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14 Jan, 20

AI to birth new era of accounting, not eradicate it

Source – Accountants Daily AI will not eradicate the accounting profession; instead, the ease of access to sophisticated infrastructure is forecast to give rise to new client-orientated businesses and trust-based relationships, said Institute of Public Accountants chief executive Andrew Conway, on the sidelines of the national congress held in Adelaide in November. “What their [large […]
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