AI in Accounting and Bookkeeping: The Benefits of Automation

If you’re like most business owners, you’re always looking for ways to make your company more efficient and profitable. Businesses of all sizes are increasingly using AI to improve their business processes, especially their accounting and bookkeeping functions. This is because AI has a lot of advantages over traditional methods, such as being able to … Read more

Why accounting firms should outsource?

The accounting industry is growing rapidly, and with this growth comes an increased demand for qualified accountants. Unfortunately, the global skills shortage makes finding and retaining qualified workers difficult as accounting firms struggle to find the talent needed to maintain high standards. Many accounting firms offer a comprehensive suite of services, including bookkeeping, accounting, payroll, … Read more

Advantages and Disadvantages of a Self-Managed Super Fund (SMSF)

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