 The modern accountant's role has never been more multifaceted, and with the introduction of the new TPB regulations, the role has received yet another layer of complexity.
As per the TPB Practice Note (TPBPN 5/2022), there's an increasing demand for accountants to verify the identity of their clients. While this measure intends to promote accountability and deter fraudulent activities, it is undeniably introducing a slew of challenges for professionals in the industry.  Want your staff to have more time to focus on providing value-add services to clients? More time to be able to progress ATO statement reconciliations (GST, Wages etc) even when the ATO Portal is down? And less time on monotonous data entry work and minimise errors?
Well, Atosa might be for you!  In today's fast-paced digital economy, businesses and tax professionals are constantly looking for ways to streamline their processes, reduce costs, and stay compliant with the ever-changing regulatory landscape.
One such innovation that's been gaining traction in recent years is eInvoicing. The Australian Taxation Office (ATO) has recognised the potential of eInvoicing and has been working closely with software developers to implement this technology across various industries. In this blog, we'll explore what eInvoicing is, its benefits, and how the ATO is supporting its adoption in Australia. Strengthening Client Relationships: The Crucial Role of Communication in the Accounting Industry28/9/2023
 We have heard that in the accounting industry there is often a disconnect with client communication.
As an accountant, part of the services that you provide is communication with your clients. This may be communication about the ways they will need to access data and information you send to them. Communication about moving your firm to upfront pricing, due to engaging a new piece of software like Ignition. Communication about having to use two-factor authentication going forward, or as a matter of fact, any type of changes that are made within your business. "The most common obstacle faced by the numerous firms we’ve worked with is the absence of a software and process-centric learning and community platform."
An excerpt from XU Magazine xumagazine.com | September 2023 | Full publication here  In the dynamic landscape of accounting, it's not enough to just crunch numbers. More than ever, clients need trusted advisors who can bring fresh perspectives to their long-standing challenges, envisioning and achieving unlimited possibilities. One such challenge that often goes overlooked is managing renewals.
 At Clarity Street, we strive for a best practice approach to practice, and as such, we do our best to keep up to date with all of the latest applications, adjusting our App Stack accordingly.
Our latest App Stack comes with a new addition that revolutionises practice management in your accounting firm. More details below!  As businesses have grown, they've adopted various digital solutions to tackle specific tasks. However, many of these solutions are specialised, designed to solve only one problem, leaving manual work like data entry and consolidation still necessary to transfer information between systems.
Recognising the need for connectivity between traditional legacy and newer online systems, bluesheets was designed as an end-to-end workflow automation solution.  At Clarity Street, we strive for a best practice approach to practice, and as such, we do our best to keep up to date with all of the latest applications, adjusting our App Stack accordingly.
Our latest App Stack comes with a new addition that can help improve the operations and effectiveness of your practice. More details below!  Have you ever found yourself working for free, even though you know you should be charging for your services? It's a common issue that many accountants and bookkeepers face, and it can have hidden costs that we may not even realise.
As business owners, we often struggle with the balance between being generous and over-delivering. We want to help people, and we want to build our businesses, but we also have a finite amount of time and energy. This is where the topic of working for free comes in. |
AuthorClarity Street was conceived from years of engaging with Accounting firms on a daily basis and a constant desire to make Accounting firms & SME’s more efficient and profitable. Archives
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