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...
Business Services
Accounting and business advisory services provided to business clients
Audit Shield claims activity across Australia Jul-Dec 2022
by Rod Spicer | Jan 30, 2023 | Business Services, Featured Articles, Practice Management, Uncategorised
The Accountancy Insurance Claims Department continues to be busy processing claims from client accounting firms across Australia. The five most common audit activity areas 1 July 2022 – 31 December 2022 were: • Payroll Tax (All States) • Employer Obligations...
The disturbing matter of workflow control
by Dale Crosby | Jan 12, 2023 | Business Services, Practice Management, Technology, Workflow Management
Leverage of resources has never been a more important issue for accounting and financial advisory firms. The leaders of firms recognise the importance of providing clients with a stronger strategic and advisory focus. However, without effective leverage of both...
Auditing the Auditors – What’s changed in the past 12 months?
by Steven Watson | Dec 22, 2022 | Business Services, Financial Services
This time last year, we provided feedback on ASIC’s Audit Inspection Report for the 2020/21 Financial Year. In this report, ASIC found that insufficient work was done in 23% of the 115 key audit areas reviewed across 35 files from the six largest audit firms. ASIC has...
Why accountants should pay attention to ChatGPT
by Rob Pillans | Dec 21, 2022 | Accounting Software, Business Services, Client Management, Technology
ChatGPT is an indicator of the massive impact artificial intelligence is going to have a on how knowledge workers and others work. In this article I explain what it is and why I believe we all need to pay attention. It’s a bit longer than usual but please go the...
Today’s Accountants: Why we should never forget the Past
by Peter Towers | Dec 21, 2022 | Business Services, Client Management
I had a conversation a couple of weeks ago on my webinar with my long-time pal, Andrew Geddes. You may know of Andrew. He’s regarded as the Australian accounting industry guru and was the former chair of Green Cross Ltd, when it was a public company. Our discussion...
How to find a Virtual CFO Client
by Dale Crosby | Nov 21, 2022 | Business Services, Client Management
Clients probably won't come knocking at the start. They won’t form a line outside your door, snaking around the corner. You’ll need to find them. As I said earlier, don’t expect your 1000+ network to send out messages endorsing you “Barry, or Bronwyn is awesome. You...