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...
Business Services
Accounting and business advisory services provided to business clients
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...
How to protect your client data when outsourcing SMSF administration
by Bronwyn Smith | Dec 11, 2023 | Business Services, Practice Management, Technology
Many mid-tier accounting and financial planning firms outsource their SMSF administration, whether it’s due to overhead costs, lack of time, or the current skills shortage. Unfortunately, firms may unknowingly be putting their clients’ data at risk if they work with...
Innovative Advisory Services SMEs are looking for
by Peter Towers | Nov 27, 2023 | Business Services
The transformation of the accounting profession in Australia and New Zealand over the past forty years has been driven by various factors, including technological advancements, evolving client needs, and market trends. This article explores the key elements of this...
Delivering virtual CFO services offers you the Financial Storytelling Role
by Peter Towers | Nov 14, 2023 | Business Services, Client Management
There is a great opportunity for accountants/bookkeepers to clearly differentiate services to SMEs by implementing virtual CFO services, in conjunction with the 52-Week Business Enhancement System. This will give your clients an advantage in the marketplace. Business...