Blockchain in accounting – what does the future hold?

Posted on August 10, 2022Categories Advisors, Technology

While blockchain advancement has been discussed at length for some time now – it’s now very much impacting the world of data and global finances. No longer an abstract curiosity – blockchain is here to stay. People across all walks of life are now quite aware of the term ‘blockchain’. But what do you know about the emergence of blockchain in bookkeeping and accounting? We all know about blockchain based crypto currencies like bitcoin, and we’re now being exposed to … Continue reading “Blockchain in accounting – what does the future hold?”

Crypto tax guide in Australia (2022)

Posted on August 10, 2022Categories Advisors, Compliance, Technology

Crypto currency has exploded in popularity the world over. Whether used as an investment, store of value or to disconnect from the worlds fiat banking system, crypto is all the rage. Whether you’re already investing in currencies like Bitcoin or Ethereum, or perhaps considering dipping a toe in the pool, you need to understand the tax implications in Australia. Many Australians have been somewhat confused by these duties around crypto, and we broke that down for you. Let’s jump into … Continue reading “Crypto tax guide in Australia (2022)”

BoE rate hike could push UK into recession and add billions to household costs, experts warn

Posted on August 10, 2022Categories Accounting Firms, Bank of England, ICAEW, Interest Rates, Mazars

The Bank of England’s (BoE) Monetary Policy Committee confirmed that interest rates will rise 0.5% percentage points to 1.75% in a bid to curb inflation. Suren Thiru, economics director at the Institute of Chartered Accountants in England and Wales (ICAEW), warned that raising interest rates is “more likely to nudge the UK into recession than curb the current spike in inflation”. The Bank of England is facing a “near impossible” trade-off between soaring inflation and an economy on the brink … Continue reading “BoE rate hike could push UK into recession and add billions to household costs, experts warn”

Four tips to help you ace your Xero Award nomination

Posted on August 10, 2022Categories Advisors, Apps, Bookkeepers, Xero Awards

The Xero Australia Awards are back for another year! That’s right, this is a chance to showcase your achievements, benchmark your business against the industry, and be in the running to win an exclusive awards experience.  Like last year, we have 13 major categories. These are designed to recognise the diversity (and talent) of our business community. So whether you’re a sole trader, emerging entrepreneur, app partner or advisor, there’s an award for everyone.  If you haven’t submitted your nomination … Continue reading “Four tips to help you ace your Xero Award nomination”