Practice Management Archive

Is Your Work “Challenging Your Team”?

Are you having trouble recruiting or keeping good clever team members – if so why not “challenge” them?

Good clever team members are always going to be in demand.  At...

Vulnerable workers and headaches for Accountants

Before A.I. and robotics take our jobs let’s review a subject that accounting professionals need to consider in your relationship with clients to limit your exposure and theirs.

Having had...

Spring cleaning your Computer

With the recent warmer weather announcing the arrival of Spring, I was inspired to venture into the yard to breathe in the fresh air and maybe even pull out...

The Truth About Price

It’s been close to 20 years since Ron Baker published his book ‘The Professional’s Guide to Value Pricing.’ In that time, there’s been a lot of discussion about what...

Key SMSF Audit Issues for 2017

A. Market Valuations

  • Need to ensure SMSF assets are recorded at Market Values
  • Cannot rely on council rates and trustee minutes “declaring value”
  • Market values need to be supported by appropriate evidence

B....

Delivering for Your Staff and Your Future

Over the last 10 to 15 years many accounting firms have seen the business context in which they operate change dramatically. Cloud computing, automated workflow, exception-based processing, customer relationship...

Lessons For Accountants from an Electrician Experience

I’ve had an experience with an electrician that got me thinking about some lessons for accountants.

First I rang the office number. The call was picked up by an electrician...

Six characteristics of extremely profitable firms

2017 marks sixteen years of Business Fitness guiding the accounting industry, and for fifteen of those years we have been keeping a close eye on the trends and developments...

Is Collaboration the solution or the problem?

As accounting and advisory firms become more integrated with multidisciplinary services, there’s been a stronger focus on internal collaboration – the sharing of knowledge and information – to improve...

Good Bad Ugly 2017 is now open

This year marks the 15th edition of the Good Bad Ugly survey of the Australian accounting profession, it is now open and we are collecting  more relevant benchmarking information than ever before.

I’d...

EOFY Checklists – Increasing Consistency, Efficiency and Profitability

We now work in an accounting industry that can access the benefits of modern technology to produce some impressive productivity outcomes.

This is great news when you factor in the...

Boardroom Bullying– there’s a claim for that!

A worker is a worker and a company director is a company director, and never the twain shall meet. Although according to a recent judgement of the Fair Work...

SMSFs + robo advice… addressing emotional decision making and risky asset allocation in SMSFs

For most individuals managing an SMSF well is difficult – it requires time, effort and investment expertise. The emergence of robo-advice in Australia over the last four years and...

Cyber Security: Are you the Weakest Link!

In recent times we have all been made well aware of ransomware cyberattacks like Wannacry and Petya locking down files...

The Top Challenge Facing Accounting Firms in 2018

Efficiency of process has been amongst the top three challenges facing the Australian accounting industry for the last five years, and accountants have voted it as the biggest challenge...

FWC Casual Conversion Decision

The Fair Work Commission has determined that casual workers covered by 85 of the approximately 120 federal Modern Awards will be given the right to request...

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