Practice Management Archive

The Secret Sauce To Retaining Your Clients…

Are you keeping in touch with your clients and offering more than compliance services?

Most clients change accountants because they feel their current accountant doesn’t care about their business. WHY?

Most...

How Wolters Kluwer CCH and Xero Solutions Work Together to Make Your Firm More Efficient

New levels of end-to-end workflow are here

Accounting software has grown in relevance for many Australian professional accounting firms with 37% now using a cloud accounting or bookkeeping solution; 58%...

Why 5,000 advisors said they’d like to help their medium business clients more

“The voice of the forgotten middle is starting to be heard” says medium business guru, Mike Rich. 5,000 advisors, mostly from bigger accounting firms, took up his recent...

The Seduction of Growth (gurus)

Are you being seduced by a GROWTH story that could harm your firm?

Have you noticed how many growth gurus there are these days. You know the ones, good-looking, silver...

Is your audit intelligence artificial?

Technology Automation vs Professional Judgement in SMSF auditing

Technology enables greater efficiency in SMSF auditing, which in turn gives time and cost savings. However, risks arise when artificial intelligence entirely...

5 PPSR Matters Critical for the Clients of Accounting Firms

Establishing systems to assist your clients to minimise their potential exposure to problems from not registering customers or businesses that they are dealing with on the Personal Property Securities...

What Specsavers teaches accountants about process

I recently had a visit to Specsavers for my regular eye test and update of my glasses. It was a very good experience which made me realise that Specsavers...

Salary Sacrifice – Q&A – Termination related payments and salary sacrifice

Question

An employee is being terminated and it is proposed the following termination related payments will be made:

  1. Unused Annual Leave
  2. Unused LSL
  3. Payment in lieu of notice
  4. Gratuity
  5. Final pay up to termination date

The...

8 Steps to “Future Proof” Your Accountancy Business

Happy new financial year!

This is a great time to discuss a very important issue for your accountancy business – “How do you respond to:

  • disruptive technologies?
  • changing market demands by SMEs?

ESS BIZTOOLS – 2018 New Financial Year Campaign

Many accountants are seeking products and services to assist in “future proofing” their firms.

The Comm Bank Accounting Market Pulse June 2018 identified a number of service lines, outside of...

The Ultimate Guide to Selecting and Implementing a Cloud-based SMSF Administration Solution

The brand new eBook:

Navigating Technology Choices

TBAR has arrived and with its arrival comes the need for more rigorous processing...

Are you comfortable with your firm’s vision?

This is a serious question, especially if you are aged under 44, because, according to Benchmarking.com.au, your group represents 69% of the accountancy profession.

Do you understand your firm’s vision?

Are...

Rise of the solopreneur accountant

Digital disruption and increasing price pressure for compliance work within the accounting sector has resulted in an increase in the number of mergers and acquisitions in recent years. Many...

Accounting firm M&A activity on the rise

ACCOUNTING FIRMS THAT REFUSED TO SUCCUMB TO THE ALLURE OF FINANCIAL PLANNING HAVE NEVER LOOKED BETTER.

Nothing reinforces the value of a good accountant quite like a federal budget. Morrison’s...

It’s time for a new business model for accountants…

Outsourcing expert and business development manager for Connect Outsourcing Rachelle Weingott weighs in on the challenges facing the accounting industry today.

As an outsourcing expert I spend most of...

4 Strategies for Effectively Managing Work in Progress

A healthy cash flow can be traced back not just to a single aspect of business management. Effectively managing work in progress is a key factor in ensuring your...

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