Practice Management Archive

Work From Home – An Evolving Choice for Accounting Firms

In the past 12 months, I’ve observed an increasing trend for the leaders of accounting firms to give their staff the option to work from home as part of...

Single Touch Payroll – Employee Fact Sheet

Single Touch Payroll (STP) changes the way businesses report their employees’ tax and superannuation information to the Australian Taxation Office (ATO). It is important that your employees understand the...

Tax Planning Talks? Three ways to make your discussions more meaningful

A picture paints a thousand words – so the saying goes.

In fact 65% of us prefer visuals when it comes to learning and understanding a topic. That’s why with...

How to take your staff on the outsourcing Journey…

When an accounting practice takes the plunge into outsourcing compliance tasks, it can cause fear among existing staff who question the future (and safety) of their roles.

Resistance to change...

Easter, Passover, Timeout – Get ahead of your clients’ priorities

It’s great to have a break upon us for two good reasons. The first is that you have a break from the already-accelerating year. It’s built up momentum fast....

Finding Opportunities for Your Clients Through Segmentation

Anyone offering Business Advice to their clients should have a fundamental understanding of strategic planning.

Market segmentation is a very important concept in business planning. Basically, it involves breaking up...

Six Steps from Compliance to Advisory

We all know there has never been more information and regulatory complexity for Australian accounting firms. It’s hard to keep up with the legislative changes that impact tax and...

Accountants – 8 steps to be ready for 15 May 2019

For Australian accountants 15 May is a significant date. As Tax Agents you are subject to the ATO’s lodgment program framework which at its core requires you to lodge...

What is the true cost of outsourcing?

If you have considered outsourcing, you have probably wondered about the real cost savings your practice can make.

At Connect we understand that our clients need to be sure that...

After M&A, don’t let ‘Us vs Them’ thinking ruin the business

Our recent M&A Pulse Report focusing on accounting and financial advisory firms identified some major challenges with integration following acquisition of firms. Around 60% of firm leaders said that...

The Who, What, When, Where and Why of a Small Business ERP System

What is an ERP System for Small Business?

You’ve managed to avoid it for so long, but now it’s time to implement an ERP System for...

3 Tips to Give Your Team Time

Why corporate wellness programs don’t boost productivity (and three things that will) 

If recent new year’s resolutions of being fitter and healthier had you thinking of implementing or proposing a...

It’s 2019, let’s boost customer service as the Japanese do

Every year my family and I go to Japan. It is our home away home or, as one family member puts it, our home away from home-home. I...

Are we heading for a massive shortage of top quality, qualified accountants?

I regularly hear from accounting firm owners and managers of the difficulty of finding and retaining high quality qualified accountants. And in a recent global survey completed by IFAC,...

7 steps to effectively manage the scope and price of audit services

Audit and assurance services are increasingly under price pressure as audit firms compete for business. It can be a challenge not only to get clients across the line with...

Is Your Firm Committed To Supplying Advisory Services?

If so, have you claimed Crowd Sourced Funding Advisory Services as one of your specialities?  If you have… congratulations, but not many accountancy firms have done this, at this...

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