Practice Management Archive

Take the Industry Survey: Adapting to a Covid-19 Environment

Accounting and SMSF Firms are facing many challenges in adapting to a COVID-19 environment.

On the one hand, there is the requirement to quickly adapt to managing teams working from...

Our Circle of Concern vs Circle of influence

As the business owner/manager/advisor to your clients and staff, there’s a lot of risks that fall on our shoulders. But as the leader, all eyes are on...

SMSF Auditing – What to expect in 2020

The ATO has been clear about what to anticipate in 2020 as Kellie Grant, ATO Director of SMSF Auditors Portfolio recently gave these key insights as to the ATO...

3 Ways to Future-Proof Your Accounting Firm Today

“Accounting is the language of business” – Warren Buffett

Whether they’re balancing the books, submitting tax returns, or producing financial forecasts, accountants are at the heart of each and every...

5 Top Trends Affecting Accounting Firms in 2020

As we usher out the old year and welcome in the new, it’s a good time to consider which business practices are working and which may need to change. ...

Over 30,000 people have invested in crowd sourced funding equity raising

The Crowd Sourced Funding Equity Raising Scorecard produced by ESS BIZTOOLS as at 31 July 2019 has identified that 31,141 investors have invested an average of $1,207 in the...

What’s in a name: How to make sure your naming conventions are a help, not a hinder to your practice efficiency

Don’t you hate it when you go to find a document or email you clearly remember seeing/preparing/receiving, but no matter how many search phrases you enter, you can’t put...

Audit Client Re-Engagement – Mandatory or Optional?

Managing client relationships can be as much an art as a science, especially when open and effective communication is so important to an ongoing relationship. Public Practice Accountants and...

Automation in (Public) Practice: How to identify and implement automated technology to boost your practice’s productivity.

This year’s Good Bad Ugly technology report revealed a concerning insight – fully utilising existing systems and technology was ranked as the number 1 biggest technology challenge facing accounting...

20 Best Business Books for Accountants and Bookkeepers

We talk a lot about closing the books. What about opening them? We asked Receipt Bank partners to share the books that have shaped their approach to business. What...

Client Discovery Sessions to Help Win Business Advisory Work

Today, I want to talk about the client discovery programme.

Probably one of the most powerful tools you can have to winning a new client is the Client Discovery Process....

20 Daily Habits of Successful Accountants

What defines success? We asked Receipt Bank partners on the daily habits that help them get more out of their life and practice. Advice from over a hundred accountants...

Tax Yak – Episode 24: Managing tax risk

Today’s business environment is complex and managing your tax risk is a core part of responsibly managing your business. Managing task risk involves far more than dealing with ATO...

EOFY and the importance of checklists

The beginning of a new financial year means tax advisers around the country will look ahead for ways to improve the ability to look back. Improving productivity and ensuring...

7 Ways Social Media Can Help Future Proof Communication Strategy

The increasing take-up of faster fixed and mobile data services is extending people’s choice over how, where and when they communicate with others, watch or listen to content services,...

Potential of All-Female Companies Under-estimated

Former public company director, Andrew Geddes, is hopeful the recent $3-million capital-raise by the women’s ride-sharing company, Shebah, will encourage more female-owned companies to begin using Crowd Sourced Funding...

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