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Accounting inherently works with a lot of data and repeatable, rule-based, structured processes that make them the perfect soil for introducing Robotic Process Automation (RPA) to it.Apart from the technical help, RPA has an indirect effect on the workforce’s overall well-being, as the repetiti ...
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As several countries make their way through and eventually out of the coronavirus pandemic, the opportunities and responsibilities that Accountants bear could get more diverse than ever.Accountants through their professional expertise are perceived as leaders building and implementing strategies to ...
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federal budget
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Maximum allowable member in a fund is increased from 4 to 6.From 1 July 2019, audit of superfund can be done once in three years for SMSFs with a history of good record keeping and compliance.Individuals will be required to confirm in their income tax returns that they have complied with “notice o ...
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Accounting firm
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Dear Bob,I started working with your accounting firm when I was a graduate, wide eyed and fresh out of university. I spent the first 12 months of my career learning the basics of ‘tax’ which included how to complete a form on horribly clunky software, learning not to misspell my clients’ names ...
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First principles: Bookkeeping
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There’s a great scene in “The Silence of the Lambs” where Hannibal Lecter guides young FBI agent Clarice Starling in her pursuit of a serial killer by getting her to return to “first principles,” asking, in the manner of Roman philosopher-emperor Marcus Aurelius, “What is this thing i ...
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