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ATO Updates (February 2023)

Date: February 8, 2023
Categories: Monthly Update
Financial Planning Tax (financial) advice services status to be displayed on Financial Advisers Register (FAR)ASIC has stated that its Financial Advisers Register (FAR) is soon to display whether a financial adviser can provide tax (financial) advice services. This will take effect f ...
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Embrace the Change: Shift to Fresh Reports Today

Date: February 7, 2023
Categories: Bookkeeping
Start moving your work to the new reports right away if you haven't already. This will give you enough time to get comfortable with them before the old versions are no longer usable.Below is a list of the newest additions to the reports:Columns in the aged reports will now hide itself if it's not ne ...
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Client Acquisition Tactics
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Client Acquisition Tactics

Date: February 6, 2023
Categories: Business Service
The latest data shows that Google processes over 99,000 searches every single second and this makes more than 8.5 billion searches a day, with the current digitalization across the world, there are no longer clients seeking a referral from modern accountants, they head to google for more data. Her ...
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Carbon Markets in Australia

Date: February 3, 2023
Categories: Financial Planning
Carbon Market and Carbon CreditsAs the world looks up to its growing climate crisis, methods to reduce human impact, such as carbon offsetting, are making their way to the forefront.Carbon markets are trading mechanisms in which carbon credits are sold and bought. One tradable carbon credit e ...
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Leading the Way to Success

Date: January 13, 2023
Categories: Corporate, Events
Jonah Stephen Jeremiah, Managing Director, Carisma Solutions Private Limited, has been announced as a finalist for the Managing Director of the Year at the IABCA Awards ceremony 2023!Jonah Stephen is the founder & Managing Director of Stephen Ventures group companies - Carisma Solutions Pvt Ltd, ...
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Privacy protection strengthened with the approval of the Australian Federal Government’s updated penalty bill

Date: January 12, 2023
Categories: Technology
Protection guaranteed: New laws hold companies accountable for securing your data.The Privacy Legislation Amendment (Enforcement and Other Measures) Bill 2022 increases the maximum penalties for serious or repeated privacy breaches from the current $2.22 million penalty to whichever is the gr ...
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ATO Updates (January 2023)

Date: January 12, 2023
Categories: Monthly Update
Business Services Revised ATO guidance on the PSI rulesThe ATO has finalized its guidance on personal services income (PSI) and personal services businesses (PSB). Taxation Ruling TR 2022/3 provides general guidance on the operation of the personal services income (PSI) rules. It combi ...
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Bookkeeping for Cafes and Restaurants

Date: January 9, 2023
Categories: Bookkeeping
Small businesses often struggle to keep track of their finances and cash flow. This can be especially challenging for busy cafes and restaurants, which often have to juggle multiple tasks, such as managing frequently changing staff and shifts, dealing with suppliers, and keeping track of cash flow. ...
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Future of Accounting Profession and Practice

Date: January 9, 2023
Categories: Business Service
Change is an undeniable fact of life. With every passing year, new and innovative improvements are made in software, which helps in enhancing the user experience. Accounting trends and developments are reactions to changing landscapes, technology disruption, and other market forces that shape the ac ...
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Role of ESG in Financial Markets

Date: January 5, 2023
Categories: Financial Planning
ESG is an industry recognized framework that helps stakeholders understand how a company handles environmental, social, regulatory risks and opportunities (sometimes referred to as ESG factors).ESG is an acronym for Environmental, Social, and Governance. ESG takes the macro perspective on the creden ...
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