INPRACTICEINDUSTRY NEWS | TECHNICAL UPDATES | KEY DATES

INPRACTICE is a monthly resource for public practitioners providing industry news, technical updates and important dates. View all articles in the current edition below. This new-look online version of INPRACTICE was launched in August; you can still access a library of past INPRACTICE articles on intheblack.com.

AUGUST

8 things to do during an ATO outage
Outages: No one likes them, but they happen. Here are some useful tips from practitioners who’ve found productive ways to use their time during an ATO systems outage.

Improving the audit process
Australia’s auditors are under pressure but there is an opportunity for small and medium-sized practices to influence auditing standards for the better.

6 tips for tax agents
Tax professional? Here are six timely tips to help agents do their jobs.

Accounting internships: What you need to know
An accounting internship can provide a wonderful opportunity for on-the-job training, but employers need to understand their responsibilities to interns. Here are some of the challenges.

Warn your clients: 7 mistakes that lead to employee underpayments
Inadequate training for payroll managers is often the reason behind underpayment errors. Here are seven of the most common mistakes to avoid.

Dealing with vulnerable clients suffering from financial abuse
Accountants are in a unique place to guard against elder financial abuse and other threats to the financial interests of their clients. Here are some of the signs.

New tax rules for government tender bids
Businesses tendering for Australian Commonwealth Government contracts valued more than A$4 million now need to provide a statement proving they have a satisfactory tax record. Here are some of the key points.

Franchising under scrutiny: What practitioners need to consider
Australia’s franchising industry is in the spotlight following a March 2019 parliamentary inquiry report that called for a total overhaul of the sector and the code of conduct under which it operates. Here are some key considerations if you have franchising clients.