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The accounting industry’s biggest challenges to growth at scale

Accountancy firms, like any other sector, face operating challenges and growth obstacles. Others are special to the accountancy profession, while others become more prevalent as the discipline increases in size and sophistication. As representatives and influential industry experts expose the major obstacles to development for accountancy firms as they expand, take a glance at a […]
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Small businesses fail to seek cash-flow management help

Source: Less than a sixth of small and medium businesses are engaging their accountants for assistance with cash-flow management despite its importance, says a non-bank lender. According to a Scottish Pacific report, SME Growth Index, only 16.1 percent of SMEs are seeking cash-flow management advice from their accountants. Scottish Pacific chief executive, Peter Langham told […]
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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). […]
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