Top Accounting And Tax Companies in Australia

The accounting industry in Australia is a critical sector that supports various businesses, including small and medium-sized enterprises, corporations, and government agencies. In 2022, the industry generated over $120 billion in revenue, accounting for approximately 7.7% of Australia's GDP. Moreover, the industry employed over 180,000 people, indicating its significant contribution to employment and economic growth. This article provides an in-depth analysis of the accounting industry in Australia, focusing on the factors contributing to its growth and success, key trends, challenges, and future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
CPA AUSTRALIA1,340 +61 1300 737 373
memberservice@cpaaustralia.com.au

Our core services to members include education, training, technical support and advocacy. Employees and members work together with local and international bodies to represent the views and concerns of the profession to governments, regulators, industries, academia and the general public. Our Vision Our goal is to partner with members, so they are prepared for today and tomorrow in a globally connected world Our Purpose We are partners for progress. Through trusted relationships we develop business professionals with tomorrow’s capabilities. WHAT IS A CPA? A Certified Practising Accountant (CPA) is a finance, accounting and business professional with a specific qualification. Being a CPA is a mark of high professional competence. It indicates a soundness in depth, breadth and quality of accountancy knowledge. CPAs are highly respected by employers and members. It provides members with an internationally recognised qualification as well as the opportunity to complete specialist trai…

FINDEX2,055 +61 1300 363 992
risk.enquiries@findex.com.au

Welcome to Findex, a leading provider of integrated financial advisory and accounting services in Australasia. Our mission is simple, to help our clients and the people we work with thrive. We do this by providing unrivalled advice and personalised solutions, building strong community relationships, and working with leading-edge technologies. At Findex, we embody a culture of boldness, curiosity, and meaningful change. Challenging the status quo, we push boundaries and embrace innovation without hesitation. With collaboration at our core, we deliver exceptional outcomes utilising our diverse perspectives and collective expertise. We prioritise our clients, placing them at the heart of our business providing comprehensive, holistic advice and effective financial solutions. With a commitment to keeping our promises, we deliver quality work and strive for excellence in all we do. We are building a workplace for the future, unrestrained by geography and hierarchy. A workplace that va…

KAPLAN BUSINESS SCHOOL408 +61 7 3872 3805
info@kbs.edu.au

Our focus on nurturing job-ready graduates in a supportive learning environment sets students up for success. No matter what they are currently doing, students coming to KBS can take the next step with confidence. Bringing together students of more than 80 different nationalities, Kaplan Business School (KBS) promotes greater cultural awareness, social connections and diversity in the classroom. Our small class sizes enable our expert lecturers to provide students with individual support and make it easier for students to connect with their peers. Kaplan Business School is proud to be acknowledged as a global leader in education, helping students to define their path to success. Adelaide | Brisbane | Melbourne | Perth | Sydney | Online Registered as a Higher Education Provider (PRV 12094). CRICOS Provider Code 02426B.

PITCHER PARTNERS1,481 +61 3 8610 5477
cpn@pitcher.com.au

Accounting and business advisory experts sharing insights about issues impacting family-controlled and privately owned businesses, high net-worth individuals, the public sector and NFP organisations. Pitcher Partners is an association of independent full service accounting, audit and advisory firms with a long standing reputation for providing superior expertise and advice to clients with a particular focus on the middle market. In fact, when we formed in 1991, we did so with the specific goal of providing services to these middle market businesses who we believed then and still believe today deserve the best possible accounting and advisory services. Now, with more than 140 partners and 1300 staff across the association, we have resources and depth of technical expertise few can match. We are large enough to meet the challenges presented by our clients, regardless of their size or location, but have retained the ability to maintain close and personal involvement with them and with e…

MOORE AUSTRALIA461 +61 1300 137 322
privacyofficer@moore-australia.com.au

Moore Australia is a network of five independent accounting, audit and advisory firms with 14 offices and 500+ staff across Australia. At Moore, our purpose is to help people thrive – our clients, our people and the communities they live and work in. Moore Australia is also an independent member of the Moore Global network. A global accounting and advisory family of over 30,000 people across more than 260 independent firms and 110 countries, connecting and collaborating to take care of your needs – local, national and international. We have grown considerably in partnership with Moore Global’s network of independent companies so we can help small businesses and multi-national enterprises. When it comes to risk management, strategic planning for growth, business structuring and accountancy, Moore Australia is a leader in providing consultancy services and offers a cost-effective investment for your peace of mind. We aim to improve operational efficiency and compliance with regu…

HALL CHADWICK206 +61 7 2111 7000
dtownsend@hallchadwick.com.au

Hall Chadwick is one of the largest and most experienced accounting groups in Australia servicing clients in every major capital city and many regional centres in Australia. Our business advisors and tax experts add value to your business through the use of leading edge techniques and immediate access to the resources of our international network. Hall Chadwick Chartered Accountants and Business Advisors has an enviable reputation for its service to clients and for the competence of its partners and staff who offer expertise services in: - Auditing - Business Services - Financial Planning - Insolvency & Business Recovery - Personal Insolvency - Taxation - Corporate Services - Property Industry

FIRST CLASS ACCOUNTS262 +61 7 5578 9028
info@firstclassaccounts.com

First Class Accounts is proudly Australias largest bookkeeping franchise with an extensive national network of professional bookkeepers who operate their own businesses. First Class Accounts operators take pride in delivering a range of services to help small and medium-sized businesses work smarter. What makes us first class? The First Class Accounts training program ensures a network of highly skilled and compliant bookkeepers that are up to date, knowledgeable and accurate in their management of business accounts and systems. First Class Accounts bookkeepers are: Fully compliant with the requisite training required by the Australian Taxation Office for the preparation and submission of BAS and PAYG returns. Conversant with the latest accounting software as professional partners with MYOB, QuickBooks and Xero. Able to access the full suite of First Class Accounts technical and other support resources. Our clients are our priority - they appreciate the reliable, flexible and r…

LEAP LEGAL SOFTWARE APAC233 +61 1800 007 709
sales@leap.com.au

LEAP’s legal practice productivity solution leads the world in the delivery of state-of-the-art legal technology. Law firms using LEAP legal software enjoy all the benefits of a practice management system, as well as legal accounting, document assembly & management, and legal publishing assets all in one integrated solution. A trusted partner of more than 61,000 lawyers globally, LEAP Legal Software has offices in the United States, Canada, United Kingdom, Republic of Ireland, Australia, and New Zealand, and is the premier legal practice productivity solution for law firms. Why LEAP? - LEAP’s powerful automation tools and integrations make the process of document production and management fast and simple. - With effortless invoicing, billing and reporting capabilities LEAP improves service, cash flow and back-office accounting efficiencies to maximise profit. - Access a comprehensive library of up to date legal guides and commentaries, forms and precedents - directly from within you…

LUNA PARK SYDNEY289 +61 2 9033 7694
harbourparty@lunaparksydney.com

Luna Park Sydney is a world-class entertainment precinct which comprises of a four rollercoaster Amusement Park and 13 corporate event spaces including Amphora, a premium Wine Bar and Big Top,a 3,000-seat auditorium. Built in 1935, Luna Park is Sydney’s oldest and most iconic Amusement Park and since 2010 has been listed on the NSW State heritage register. The Luna Park Site is managed by the Luna Park Reserve Trust and since 2004, Luna Park Sydney PtyLtd has held a 40-year operating lease. In January 2021, the Park closed temporarily to install 9 new rides making it one of the biggest Amusement Park upgrades in the world. Of course, the rides are the main attraction but there is so much more to be enjoyed including; Sideshow games, classic theme park food (fairy floss), entertainment from the Showtime team and special events such as Halloscream.

EXCELSIA COLLEGE165 +61 2 9000 9611
excelsiacollege@excelsia.edu.au

Excelsia College is one of Australias leading Christian Higher Education providers, made up of an innovative and creative community of people, who are passionate about growing academically, professionally, personally and spiritually. Excelsia offers accredited undergraduate and postgraduate degrees across Counselling, Creative and Performing Arts, Social Work, Business, and Education. Established in 1983 our students and alumni embark on a journey of lifelong learning and leadership. Excelsia College leads the way in the Quality Indicators for Learning and Teaching Survey (QILT) and rated number one in NSW for skills development across our creative and performing arts undergraduate courses. We also rated highly across our undergraduate courses with 84.6% of students rating their overall educational experience and a further 89.5% rating teaching quality. Web: excelsia.edu.au Facebook: facebook.com/ExcelsiaCollege Instagram: instagram.com/ExcelsiaCollege

FINDEX1,865 +61 1300 363 992
risk.enquiries@findex.com.au

Findex is one of Australasia’s leading providers of integrated financial advisory and accounting services. With a vision to ‘revolutionise wealth and empower ambition’, Findex delivers comprehensive advice across the full spectrum of financial services, facilitated through its Family Office approach. At the cornerstone of this approach are four prominent and embedded beliefs; relationships and technology, holistic advice, continuous evolution, and a one best way process. It is an amalgamation of these beliefs which has positioned Findex as the pre-eminent thought leader in the financial advisory and accountancy space. Boasting a wide and strategically dispersed presence across Australia and New Zealand, Findex is passionate about ensuring clients are provided access to the very best expertise they need, and robust financial solutions that will ultimately see them through their entire business journey.

DBA GLOBAL SHARED SERVICES, INC.286 +61 2 8065 4711
info@dbaadvisory.com

DBA is a premium professional services outsourcing company based in Australia and the Philippines. Our vision is to become the leading true values-based professional services provider in the Asia-Pacific region, recognised for our sustainable innovative and technology-driven processes. Guided by our strong core values, the services we offer to our clients worldwide encompass business, knowledge, and creative process outsourcing. We provide the right mix of consulting, accounting, taxation, legal, financial planning, facilities management, technology, and creative services – at a reasonable price.

PEOPLE2PEOPLE175 +61 1300 121 727
insights@people2people.com.au

Operating for over 15 years in Australia, New Zealand and the United Kingdom, people2people is your local award-winning recruitment agency and HR solutions provider. We base our relationships on longevity and long-term goals: 40% of our staff has been working with us for more than five years, and our Net Promoter Scores for candidates and clients are over 80%. We understand even global businesses need to operate at a local level. Our specialised teams achieve exceptional results through tailored services to meet your unique market conditions, and invest time in getting to know our clients’ business and goals. We hire quality talent, fast! We offer temporary, contract and permanent recruitment services in the following specialisations: • Accounting & Finance • Business Support & Customer Service • Executive • Government • Human resources • Legal • Marketing & Digital • Property • Sales • Supply Chain Management • Technology people2people acknowledges the Traditional Custodians of c…

PERFORMANCE EDUCATION139 +61 1300 039 186
info@performance.edu.au

Performance Education is on a mission to revolutionise graduate employability in Australia, equipping our students with the tools for success through training and quality industry networks. Our mission started in 2008 – as top industry recruiters, we saw graduates struggling to enter the competitive job market. Although they were equipped with fresh technical knowledge, ideas and enthusiasm, graduates were hindered by a lack of workplace skills and experience. At PE, we believe that every graduate should have the opportunity and skills to pursue the career of their choice. Our Professional Year programs combines our expertise in recruitment, training and professional services to give graduates the skills and qualities that employers look for in prospective candidates. We work with over 12,000 Host Employers who are passionate about improving employability for the next generation, giving our graduates the real-world experience they need to thrive. We are Australia’s largest Professi…

CLASS PTY LIMITED221 +61 1300 851 058
support@class.com.au

At Class, we’ve been developing and delivering cloud software solutions for the Australian wealth accounting market since 2009. Our mission is to deliver innovative administration solutions that automate manual workloads, driving high levels of processing efficiency and scalability and supporting accountants and their clients with delivering digital SMSFs. Class software enables accountants, administrators and advisers to increase profitability, fuel business growth and deliver better client service. Certified Great Place to Work 2022/2023

SHARP & CARTER181 +61 459 699 108
admin@sharpandcarter.com.au

A CULTURE OF UNCOMMON CARE We understand that looking for a job or looking for a new team member can be a stressful experience. We understand that sometimes recruiters make job seekers feel like commodities to be bought and sold. We understand that win-win outcomes are the ultimate measure of success and that our customers can become our greatest advocates. By understanding people, we aim to make the prospect of dealing with recruiters just a little bit more enjoyable. Sharp & Carter finds and attracts the best talent in the market and delivers people-focused solutions for some of Australia’s leading companies. It is a team of individuals who aspire to change the way the recruitment industry is perceived and who believe that success can be achieved by putting people’s interests first. A partnership in structure and in values, Sharp & Carter is managed on the guiding principles of care, generosity and trust. Our belief is that when our team is empowered, we become better people for o…

HALKIN BUSINESS PARTNERS102 +61 2 9922 0300
info@halkinbp.com.au

We are halkin. We are accounting. We are strategic advisory. We are tax. We are technology. We are hr. halkin business partners has been helping entrepreneurs and businesses scale for over 20 years. From start-ups to established enterprises, we achieve a high level of success by partnering with our clients and offering them expert advice and solutions at every stage of the business lifecycle. Offices: auckland • hong kong • london • los angeles • new york • philippines • singapore • sydney

CHAN & NAYLOR - PROPERTY, TAX-ACCOUNTING & WEALTH ADVISORY GROUP109 +61 2 9391 5000
receptionp@chan-naylor.com.au

Chan & Naylor is a Top 40 Accounting Firm and recognised by BRW on three occasions as - “Fastest Growing Accountancy Firm in Australia” in 2007,.2008 and 2013. We are in the business of caring for you, your family and business from generation to generation with honesty and integrity. We achieve this through a reliable team of approachable, well educated, caring professionals dedicated to providing the highest level of customer service. Key services in Business Tax-Accounting, Wealth Advisory and Property Investment. At Chan & Naylor a dedicated team of specialised Property Accountants, Wealth Planners and Finance Strategists/ Mortgage Brokers, have the experience and expertise to help you achieve financial freedom. Whether you’re buying an investment property, doing a renovation, operating a small-medium-enterprise (SME), looking to develop a sound retirement and estate planning strategy - or you just need a good accountant - were here to help. While we are property tax experts …

AUTOMIC GROUP194 +61 2 8072 1400
hello@automicgroup.com.au

Over 1,200 ASX listed and unlisted businesses trust Automic to manage their registry, investor and board requirements. Automic Group is an Australian provider of integrated registry, employee share plan, board management, and investor relations solutions. Our proprietary technology is combined with a complementary suite of professional services, including Company Secretarial, CFO Advisory and Investor and Media Relations, to make it easier for companies and managed funds to do business. Our technological innovations play an increasingly important role as a key differentiator in our complete service offering. Our scalable cloud-based, highly adaptive and secure platform continues to challenge the status quo to deliver tailored solutions, automation, and efficiencies for clients anytime, anywhere and from any device. For further information, please visit: https://www.automicgroup.com.au/

VICTORIA POLICE3,319 +61 3 8335 5003
aat-enquiries-mgr@police.vic.gov.au

Victoria Police was established in 1853. It provides policing services to the Victorian community 24 hours a day, seven days a week, working to keep more than 6 million Victorians safe. Police officers and Protective Services Officers (PSOs) are supported in their roles by public service professionals who work as administrators, managers, and specialists in a range of functions such as legal services, accounting, psychology and forensic sciences. Our workforce is expanding with the recruitment of more than 3000 police, 100 PSOs and the introduction of the Supervising Police Custody Officer role. Victoria Police is an inclusive, equal-opportunity employer that values employees’ skills and experience. We offer flexible, challenging and rewarding careers that make a real difference to the community. Effective frontline response service delivery is provided through 54 Police Service Areas (PSAs), split across 21 divisions within four regions - North West Metro, Southern Metro, Eastern,…

Top Accounting And Tax Companies in Australia

Factors Contributing to Growth and Success

One of the critical factors contributing to the growth and success of the accounting industry in Australia is the government's initiatives. The government has implemented several policies aimed at promoting innovation, supporting small businesses, and improving access to finance. For instance, the government has implemented the Small Business Superannuation Clearing House, which provides small businesses with access to superannuation payments, enabling them to grow and expand. The government has also implemented the Research and Development Tax Incentive, which provides tax credits to businesses that undertake research and development activities.

Industry Growth and Comparison to Previous Years

The accounting industry in Australia has experienced steady growth over the years, driven by various factors such as the expansion of the economy and the increased demand for accounting services. In 2022, the industry recorded a growth rate of 3.9%, which was higher than the previous year's growth rate of 3.2%. This growth can be attributed to increased investment in technology, improved marketing, and the development of new products and services. Moreover, the industry has experienced growth in various sub-sectors, such as auditing, taxation, and business consulting.

Key Trends

The accounting industry in Australia is experiencing several key trends that are shaping its growth and success. One of the trends is the increased adoption of cloud-based accounting solutions. Cloud-based accounting software enables accountants to access data from anywhere and at any time, improving their efficiency and productivity. Moreover, cloud-based solutions also provide real-time access to financial data, enabling businesses to make better-informed decisions.

Another key trend is the growing demand for business advisory services. Businesses are increasingly looking for accountants who can provide them with strategic advice, helping them to make better business decisions. This trend is driven by the increasing complexity of the business environment, where businesses need to navigate various challenges such as regulatory compliance, cybersecurity, and sustainability.

The use of artificial intelligence (AI) and machine learning is also becoming more prevalent in the accounting industry in Australia. AI and machine learning can be used to automate various accounting processes, such as data entry, reconciliation, and financial analysis. This can lead to improved efficiency, accuracy, and productivity, enabling accountants to focus on more strategic tasks.

The accounting industry in Australia has undergone significant technological disruptions, driven by the rapid development of digital technologies such as cloud computing, artificial intelligence, and blockchain. These technological disruptions have led to the creation of new accounting solutions, improved efficiency and productivity, and the development of new products and services. For instance, the use of cloud computing has enabled accountants to access data from anywhere and at any time, while the use of artificial intelligence has improved the accuracy and speed of financial analysis.

Challenges

The accounting industry in Australia faces several challenges that affect its growth and competitiveness. Some of these challenges include increased competition, changing customer preferences, and the need to adapt to new technologies and changing business models. Moreover, the industry is also facing challenges in addressing sustainability concerns, particularly in the wake of increased awareness of the environmental impact of accounting.

Future Outlook

The accounting industry in Australia has a promising future, driven by various factors such as the expansion of the economy, the growing demand for accounting services, and the government's initiatives aimed at promoting innovation and entrepreneurship. The industry is also expected to benefit from the increased adoption of digital technologies, enabling accountants to create more innovative and effective solutions. However, the industry will also face various challenges, such as the need to address sustainability concerns, the rising cost of accounting services, and the need to adapt to new technologies and business models. To stay competitive, businesses in the accounting industry need to invest in innovation, improve efficiency, and adopt new technologies that can improve their operations and customer service.

Moreover, the accounting industry in Australia can also benefit from a focus on sustainability and social responsibility. Consumers are increasingly conscious of the environmental and social impact of business practices, and the accounting industry can respond by adopting more sustainable and socially responsible practices. For instance, the industry can use eco-friendly materials, reduce waste, and promote diversity and inclusivity in their accounting processes.

Conclusion

In conclusion, the accounting industry in Australia is a critical sector that contributes significantly to the economy. The industry's growth is driven by various factors, such as government initiatives, increased demand for accounting services, and technological disruptions. However, the industry also faces challenges such as increased competition, changing customer preferences, and the need to adapt to new technologies and business models.

To stay competitive, businesses in the accounting industry need to invest in innovation, improve efficiency, and adopt new technologies that can improve their operations and customer service. Moreover, a focus on sustainability and social responsibility can further enhance the industry's growth and success in the future. The accounting industry is expected to continue growing, driven by various factors such as the expansion of the economy, the growing demand for accounting services, and the adoption of new technologies. By doing so, they can continue to thrive and contribute to the growth and success of the Australian economy.

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By Melissa Goh
Published on 10 May 2023