There is no doubt that the accountancy profession is changing. Wages earner tax returns will become less important in the future, as the Australian Taxation Office encourages more and more wage earners not to prepare their own income tax returns. The introduction of the GST has substantially increased compliance work in 2000 and 2001 and some of this carried on for a few more years. Many accountancy firms are now planning (or already have done so) to introduce new products and services so as to be more involved with the "value adding" to their client's businesses.
The paper is presented under the headings:
- Introduction
- Accountancy Industry SWOT Analysis (Strengths, Weaknesses, Opportunities and Threats
- Understanding Client Requirements
