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


Take the superannuation guarantee contributions test
It pays for all employers to be reminded of their super guarantee contributions obligations. Think you’re up to speed with the most recent changes and when they come into effect? Take the quiz to find out.

Is it time to bring contractors in from the cold?
Although contractors may be able to hit the ground running and provide businesses with on-demand flexibility, employees often possess a greater sense of commitment. Discover the pros and cons of hiring a contractor, and the role accounting practitioners play in determining an employer’s obligations.

The perils of giving credit assessments for banks
Accountants providing written assurances about whether their clients have the financial capacity to service loan applications are placing themselves at serious risk. Here's what you should watch out for.

10 inspiring accountants who volunteer
Accountancy skills are often sought out by people and organisations who know they need help but can’t afford a professional or find one locally. Many accountants step up as volunteers to help fill these needs, joining organisations at home and abroad. These 10 volunteer stories showcase how CPAs have lent their accounting skills in surprisingly varied ways.

Key dates and reminders

Wednesday 15 January
Provisional tax instalments, student loan interim payments, GST and employers’ returns and payments due.

Tuesday 21 January
Lodge and pay December 2019 monthly business activity statements.



Technology for accountants: Practices focus on the future
Three public practitioners talk about the forward planning they are doing, their plans to utilise accounting technology and how clients will benefit.

Tax Commissioner Chris Jordan flags ATO systems challenge
The ATO is embarking on a round of IT upgrades that it hopes will let it deal with new torrents of data – and make its often-criticised public systems easier to use.

Teaching verbal communication to millennial staff
How can you encourage Generation Y to pick up the phone? Walking the talk may be the best way to do it.

Labour Hire Licensing Scheme: What you need to know
The new Labour Hire Licensing Scheme means stiff penalties for businesses dealing with unlicensed suppliers. Here's who it affects.

How to sell your business without losing business: Assembling your A-team
From internal staff to external advisers, find out who may be involved in the sale of a client's business – and when to bring them in.

Key dates and reminders

Saturday 21 December
Lodge and pay November 2019 monthly BAS.

Wednesday 15 January
Provisional tax instalments, student loan interim payments, GST and employers’ returns and payments due.



Clients under pressure: How to help their mental wellbeing
Asking your clients “are you okay?” could be more beneficial than cost savings. This new online resource from Beyond Blue will help guide conversations on mental wellbeing.

Your practical guide to behaviours that improve audit quality
This new guide aims to address shortcomings in audit quality from within audit firms. 

Regulatory Burden Report: Impact of complex regulatory frameworks
Listen to a podcast on the five key recommendations from the research and key insights on how they will impact you.

TPB roots out bad behaviour with tax compliance
According to the TPB's 2018-2019 annual report, sanctions against tax agents soared this year. Here's an update on what the TPB is doing about tax compliance.

FASEA: Key financial adviser requirements
Financial advisers face a series of steps to meet new education and ethical requirements. Find out what they are.

Key dates and reminders

Thursday 21 November
Lodge and pay October 2019 monthly BAS.

Friday 25 November
Lodge and pay Q1 2019-2020 activity statement if you lodge electronically.



How to reduce the impact of regulatory burden
A new report reveals that changes to the accountants’ regulatory regime would help consumers and business. Find out how regulatory burden can be reduced.

“Don’t panic!”: ATO letter rattles SMSF trustees
The message from the profession is a very loud and clear “Stay calm!” for CPAs and their clients who have received a stern letter from the ATO about SMSF diversification. Find out why you shouldn't be panicking. 

Divorce and business ownership: What happens when spouses split?
Here are some things accountants, as advisors, should keep in mind with divorce and business ownership cases.

Capital distributions from foreign trusts: How do I prove they aren’t taxable?
An Australian tax resident who receives a distribution of capital from a foreign trust must include the amount of the capital distribution in their assessable income. Learn about the exclusions in section 99B of the Income Tax Assessment Act 1936 and how to manage them.

New how-to guides for landing small business loans
Help your small business clients navigate the minefield of obtaining loans with these two new initiatives.

Lost in the cloud: What you need to know about changing IT systems
A cautionary tale for any business owner contemplating a move to the cloud.

What the new tax whistleblower laws mean for disclosure
New tax whistleblower laws came into effect on 1 July. Here’s what you need to know about disclosure.

7 mistakes that lead to staff underpayments
Nearly every week, news breaks of yet another employer in Australia underpaying employees. The penalties are high and the public shaming bad for business. Learn how employers can ensure they comply with the law.


New research reveals high cost of regulatory burden for public practitioners
It’s no secret that regulatory complexity is placing a hefty burden on public practitioners, but new research reveals the costs can be in the tens of thousands of dollars a year, with flow-on effects for clients and the public.

How to make your practice more attractive to job seekers
How can a small or medium-sized business be seen as a good workplace and stand out to job seekers? First, create an environment where people want to work. 

Read this before you offer an accounting internship
An accounting internship can provide a wonderful opportunity for on-the-job training, but employers need to understand their responsibilities to interns. Here are six tips to avoid the accounting internship trap.

Client engagement letters: Your questions answered
Engagement letters are a basic building block of the practitioner-client relationship and a key requirement of CPA Australia’s quality review process. Here’s what you need to know.

Best accounting practice management tips
Impress clients and enhance your business with these tips from leading CPA Australia public practitioners.

New push to stamp out illegal phoenix activity in Australia
Accountants are at the frontline as the government introduces tough new laws to stamp out illegal phoenix activity.

How to manage audit risk and improve your processes at the same time
New guidance reveals that investigating the root cause of audit anomalies is more straightforward than you think.

Selling your business: 5 common dangers to avoid
Is a client considering selling their business? These are the risks they need to consider.


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.