Millennials (also known as the Millennial Generation or Generation Y) are the demographic generation following Generation X. There are no precise dates for when the generation starts and ends; most researchers and commentators use birth years ranging from the early 1980s to the early 2000s. The Millennials seem to be making a lot of people worried. With blog postings like …
More Disruption on the way… SMSF’s and free HR Software
Westpac Banking Corporation’s venture capital fund Reinventure Group has invested into Flare HR, a startup that is looking to disrupt the industry super funds’ stranglehold over the market for default super funds. Flare HR provides free HR software to small-to-medium-sized enterprises. The free software is a fully digital on-boarding process for employees and includes employment contracts that are signed electronically by cloud, performance reviews, …
Blockchain technology is going to change the face of finance forever
We’re starting to see some momentum in blockchain, with blockchain being touted as the glue that is going to drive a productivity revolution across the globe on par with what Henry Ford did with the automobile. Big banks around the world are moving at pace to build blockchains. A group of 40 global banks have used different distributed ledger technology to …
Discover the Firm of the Future
If you typed in firm of the future then you would end up on this site, which has a definite Intuit feel (top marks to Intuit for grabbing this site name). But the site is well worth a visit. Intuit invited their accounting client base to submit a short video on being the Firm of the Future and they’ve picked the “Top …
Little evidence of problematic offshoring
The ATO has revealed that while it is aware of rising concerns about more SMSF services being outsourced overseas, it has not yet run into any major issues. To date the ATO has seen little evidence of outsourcing of audit or advisory activities though this is something the ATO is monitoring. As the ATO notes, at the end of the …