Jayamali Nawarathne 
What do you need to know about data security? Accounting firms are responsible for a wealth of sensitive client information such as tax file numbers, bank account information, and financial data, making them a prime target for cybercriminals. The loss of clients’ sensitive information can have devastating consequences for the client and the accounting firm. … Read more
There have been some exciting developments in the accounting industry in recent times. Most notably, advances in technology are reforming accountants’ roles. Far from making accountants redundant, it is creating opportunities for accountants to add high-value insights, focusing on more strategic and advisory roles to aid in decision-making and improve the bottom line for business. … Read more
Skills For Future Success Employers find it increasingly difficult to attract the right talent and skills set to achieve long-term common goals. The report named “Skills for future success” has found that the globalisation of business operations and rapid advances in technology are some of the key drivers in a current and future skills shortage … Read more
What is SMSF? A self-managed super fund (SMSF) is a type of trust with the sole purpose of providing retirement benefits to its members. Generally, A SMSF can have up to 6 members, and the members are also trustees of the fund. Depending on the structure of the SMSF, members can be individual trustees or … Read more
Do you have a budget for cyber security? “There are two types of companies: those that have been hacked, and those who don’t yet know they have been hacked.” Cisco’s former CEO- John Chambers Cyber security is protecting computers, networks systems, devices, and data from cyber-attacks. Cyber security is gaining attention as businesses increasingly rely … Read more
Do Accountants need to be creative? How so? Traditionally, using the words creative and accountant together was associated with questionable accounting practices. But creativity is being increasingly recognized as a valuable workplace skill. According to LinkedIn research, creativity is the most in-demand skill across all industries in 2018, 2019 and 2020. The 2020 Future of … Read more
10 characteristics of a successful entreprenuer What does it take to be a successful entrepreneur? An entrepreneurial mindset is one of the most important aspects of being an entrepreneur and is often overlooked. An entrepreneurial mindset is a way of thinking and approaching challenges. The right mindset enables an entrepreneur to be driven to overcome … Read more
Top 5 tips to help you through the festive season If you own a small business, you’re probably aware that the Christmas and New Year period can be challenging and disruptive with juggling staff absences, cash flow and problems with suppliers due to shutdowns. Some industries will experience peak demand during this time, such as … Read more