News

Accounting firms are increasingly finding themselves looking inward to solve challenges that arise with changes in the sector, and to deal with the shortcomings of age-old ways of working. This imperative to innovate has impacted the accounting industry in numerous ways, challenging us to do more with less, and leading to the exploration of artificial intelligence solutions and deep dive into data and analytics.

From November 2021, the Australian Business Registry Services (ABRS) will legally require all Directors (or Alternate Directors) to verify their identity by registering for a Director Identification Number (Director ID).

Planning can be exciting, engaging, and fun to do. Speak to anyone who’s set their sights on a house build or renovation, or a holiday, and they’ll wax lyrical describing every detail they’ve planned down to the second dishwasher in the butler’s pantry or the poolside cocktails they’re intending to consume. Planning, it seems, can be highly enjoyable and, when we’re not wrestling with a global pandemic, a hugely fruitful occupation to devote some time to. So, why then do so many Australian business owners fail to write or refine a formal business plan?

One attribute most businesses share is the desire to build and improve and evolve. In the volatile world in which we now live, maintaining a crystal clear focus on our business intelligence – what we know (or think we know) about our clients, markets and competitors – has become essential to tackling and overcoming the changes and challenges we, as business owners, face on an almost daily basis.

Think a career in accounting is all about the numbers? Think again! Accounting is a diverse field that offers opportunities to apply your talents in a range of areas and industries. And, while a defined career path, and structured professional development – like that offered here at Matthews Steer – is highly prized, that doesn’t mean you have to be pigeonholed. If you opt for public practice accounting, your technical accounting skills can take you in a range of diverse directions, focus areas and specialisations – a career ‘choose your own adventure’ if you like!