Active Workpapers revolutionises the way large accounting firms complete complex accounting jobs17/1/2023
For 20 years, Business Fitness have focused on delivering solutions to standardise the compliance process.
Their new product, Active Workpapers, revolutionises the way large accounting firms complete complex accounting jobs with best practice functionality. In this blog, we discuss the main benefits of using Active Workpapers in your accounting firm. Seamlss, a first-of-its-kind app in Australia, promises to onboard new clients in minutes.27/12/2022
With so many competing demands facing accountants and bookkeepers at any one time, it's no surprise that firms are looking for ways to improve their productivity and processes.
Emerging technology can be a game-changer when it comes to managing the day-to-day of a firm, something Clayton Wood — business owner and technology evangelist — understood more than most. “Onboarding clients is a massive pain-point for a lot of firms. It got to the point where I thought, we can’t keep working like this anymore,” said Clayton. “I had an idea, and had to make it happen, so the Seamlss app came to life.” Put yourself in your client's shoes. What first comes to mind when you hear the phrase ‘tax audit insurance’? Perhaps you think, “Oh, I’ve never been audited, so there’s no need,” or “I pay my accountant to do their job properly, isn’t that enough?,” or even “Great, more insurance I don’t need…”
Well, what if they heard the phrase ‘insurance that covers the professional costs of responding to reviews, audits, compliance obligations, prompted by the ATO or other governing bodies, for any and all historical tax returns while a policy is in force’? It’s a mouthful, but you would hope it would make them - and you - think more carefully about the possible benefits of such insurance. How Clarity Street helped Accounting Professionals migrate to more cloud-based applications21/11/2022
The Accounting Professionals team’s vision was to be a high-performing, best-practice accounting firm, with an innovative and integrated core management platform to match their progressive mindset. Nick Fitzgerald, Director at Accounting Professionals, worked with Clarity Street to improve the systems and processes within his accounting firm. In today’s hyper-competitive world, accounting practices are looking to leverage new technology to digitize inefficient processes to reduce cost AND streamlines processes AND improve client experience. But, what if the other “AND” included revenue uplift for your practice? "Our firm has also adopted Audit Safe which has lowered the administrative burden and increased income when compared to the traditional tax cost recovery audit insurance."
- Tom Carr Partner. Oreon Partners When you have a car, you need fuel to get from point A to point B.
As an accounting firm, you need software so you can complete your clients' work, they remain compliant and ultimately, you can get paid. However, is the software you're currently using the right option for your firm? Or is it time to look at new software that will help your business grow? Many people in the accounting industry struggle with the concept of spending and investing into their business. It’s important to remember that when you’re investing in new software, it shouldn’t be seen as a cost, but rather an investment into the future growth of your business.
The team at Davenport Taylor had been watching the advent of technology in the accounting industry for some time. Their plan was always to migrate across to more cloud-based applications.
One of their biggest motivating factors was that they wanted to go across to Xero, and use Xero as their core platform within the business. Mark Taylor, Director at Davenport Taylor, decided to engage with Clarity Street to find out the best way to start this process. We understand that knowing what your clients receive from the Australian Taxation Office (ATO) is necessary for a successful firm. Being ahead of your clients when it comes to the ATO just makes life a lot easier, especially when the queries come, not to mention it helps you be a proactive service provider.
So, it makes sense that you have a copy of everything that the ATO sends to your clients. Maybe pre-Covid collecting mountains of ATO Correspondence for your clients, scanning them, creating almost identical cover letters (often in Word) and then posting them to the clients, was a (fictional) worthwhile exercise. Apart from the fact that it costs thousands of dollars per year in admin time and postage costs, for no financial gain. The gain is in knowing what the ATO sends out, not in the service of mail distribution. The team at LightYear Docs saw a problem, so they reimagined it.
LightYear Docs was founded on the beliefs that providing practical solutions would drastically improve accounting firms and financial services. Their plan is to revolutionise the often-complicated legal documentation and client advice process by putting time back into your day – with a few clicks you will have a fully customised document ready to send.
Clarity Street is all about best practice. That's why we've developed a series of videos that promote the apps on our App Stack, and explain how they integrate with each other.
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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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