20
Mar, 20
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). […]
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 […]
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 […]
Further changes expected in accounting in 2020
Source – accountantsdaily The changes in the last decade are set to continue and there are still many unknowns, said Lielette Calleja, the founder and director of All That Counts, in her analysis of the year to come. She predicts that accountants will have more data available to them than ever before, which by default […]
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 […]
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 […]
Are skills and workplace experience more valuable than a college degree?
The debate of education vs workplace experience is in full swing because nowadays, employers are looking for skills, traits, and personality for future leaders. According to the latest report, it is found that around 2,552 workers in Australia (70%) say that work experience is beneficial to advance their career in the future. In another report […]
Professionals call for revamp of the accounting education system to attract the young crowd
Accounting professionals, accounts institutes, colleges, universities, and consultants are demanding new standards and education in the accounting sector so that more and more young group gets attracted towards them. According to the accounting education department of Australia’s consultant Heath Smith and pre-eminent product ‘Hype girl’, something is missing in the fundamentals of accounting. Firstly, when […]
Top choices you can make as a new CPA
It is very hard to cross the line for CPA because most of the students who opt the stream of commerce, always look for CA or CPA. So, you should be very joyful and optimistic for your CPA designation. But now it is also very important to identify what sort of choices you want to […]