22. Top 3 problems facing Accounting firms

Welcome to the Accountants Chat newsletter!

Happy Monday. You might notice the newsletter has a new cleaner look. Here is some of the Australian Accounting news this week:

1. Funding options widen for SME’s. Small businesses are the undisputed engine room of the Australian economy yet are routinely ignored by the banks which prefer to lend only with property as security. Read more.

2. Debunking business insurance myths. A warning that confusion over policies and what they cover could be disastrous for SMEs if their cover isn’t sufficient. Read more.

3. Top 3 problems facing Accounting firms in 2022. For many accounting firms in Australia and New Zealand, there aren’t enough hours in the day, according to a 2022 survey conducted by Wolters Kluwer. Here’s how you can get back valuable time. Read more.

4. Sydney Uni revamps accounting program to include AI. Sydney University has given its masters accounting course an analytics focus that introduces artificial intelligence, big data and cloud-based technology to the postgraduate qualification for the first time. Read more.

From the Accountants Chat group:

1. Cloud storage for accounting firms.

2. What employers want to know.

The accountant had just read the story of Cinderella to his four-year-old daughter for the first time. The little girl was fascinated by the story, especially the part where the pumpkin turns into a golden coach. Suddenly she piped up, “Daddy, when the pumpkin turned into a golden coach, would that be classed as income or a long-term capital gain?”

Thanks for Reading,

Ryan David

Accountants Chat