The future of SMSF auditors in Australia seems to be at a crossroads, with recent actions by ASIC indicating a heightened scrutiny of the profession. The increased focus is not a sudden move but part of a long-term commitment by ASIC to uphold the integrity of the...
Business Services
Accounting and business advisory services provided to business clients
Navigating New Shores: The Role of Auditors in Australia’s Climate Reporting Landscape
by Steven Watson | Apr 2, 2024 | Business Services, Featured Articles
In January 2024, the Australian Government unveiled a landmark policy statement introducing mandatory climate-related financial disclosures for certain entities under the Corporations Act 2001. The Government is committed to improving the quality of climate-related...
Preparing to deliver advisory services
by Peter Towers | Apr 2, 2024 | Business Services, Client Management
Preparation is important The ‘Tradie Charge Out Rate Calculator’ available within ESS BIZTOOLS addresses a common issue faced by small and medium-sized accountancy firms working with Tradie business operators. The challenge revolves around determining appropriate...
Switching Gears: Critical Considerations When Changing Your Business’s External Auditor
by Steven Watson | Mar 4, 2024 | Business Services, Technology
In the evolving landscape of corporate governance and financial reporting, the role of the external auditor has never been more critical. Recent concerns regarding the independence of auditing firms, especially in relation to the provision of auditing versus...
Two Research and Development Myths Debunked!
by Peter Towers | Feb 1, 2024 | Business Services
The MYTH that Research and Development (R&D) is exclusively for large businesses is debunked, with companies under $20 million in turnover expected to have earned a substantial $2.54billion through the R&D Tax Offset in 2022/23 (Federal Government report)....
The Giant Awakening
by Peter Towers | Jan 21, 2024 | Business Services
The “2024 NAB Accounting and Financial Planning Report” stated that “85% of the accounting firms surveyed indicated they were “offering business strategy””. Whilst we believe the key indicator is the number of accountancy firms actually “DELIVERING BUSINESS ADVISORY...
Navigating the Challenges of Solo Practice: Key Strategies for Growth and Success
by Dale Crosby | Jan 3, 2024 | Business Services, Client Management, Practice Management, Professional Development, Team Leadership, Technology
Sole practitioners in public practice are a unique breed. They are accountants, entrepreneurs, and managers all rolled into one. However, with this versatility comes significant challenges, especially when they look to grow their firms. Understanding these challenges...