We’ve had to get used to working remotely, often at very short notice, and while no doubt your practice has been able to adapt to the changing work environment over the past year, what hasn’t changed is the myriad of channels you and your clients receive important ATO...
Featured Articles
Special articles relevant to current issues and challenges for accounting firms
Increasing leverage in professional service firms – 5 steps
by Dale Crosby | Dec 12, 2020 | Featured Articles, Latest News, Practice Management, Team Leadership
Anyone who has ever worked in a professional firm knows how important leverage is in achieving strong results for both the firm and clients. Leverage allows work to be assigned to people with the most relevant skills at the most appropriate cost base. And it’s this...
Special Purpose Financial Statements – New Financial Reporting Regime
by Steven Watson | Dec 2, 2020 | Business Services, Client Management, Featured Articles, Financial Services
For many years, directors of most for-profit private entities have enjoyed the liberty of determining the type of financial statements they will prepare for an entity. The discretion to prepare an often much less detailed set of Special Purpose Financial Statements...
Product Mix and Mark-ups Affect A Retailer’s Profitability
by Peter Towers | Dec 2, 2020 | Business Services, Client Management, Featured Articles, Financial Services
A fairly common problem that I’m sure retailers have discussed with you, as their accountant, is “Why, if we’re selling so much product, aren’t we making a profit?” Sound familiar? My suggestion on your response to your client is as follows: To answer this question we...
Why aren’t they generating referrals?
by Steve Lake | Nov 23, 2020 | Featured Articles, Financial Services, Practice Management
It should be simple shouldn’t it? Easy in fact! You and your team are highly skilled accountants adept at saving your clients thousands each year on tax. You troll through their income and expenses and assets and come to a number that saves them on their taxes. Past,...
Why does an accounting firm need an office?
by Rob Pillans | Nov 19, 2020 | Featured Articles, Financial Services, Practice Management, Team Leadership, Workflow Management
A few of my clients have recently commented that as a result of the pandemic they are thinking about their office space differently. It was also one of the topics I talked about in a vodcast I produced (See it here here. ) One firm owner in one of my groups noted that...
Why it makes sense for accountants to arrange asset and equipment finance
by Stephen Light | Nov 17, 2020 | Business Services, Client Management, Featured Articles, Financial Services
As an accountant there is no doubt you are regarded by your SME clients as one of their most trusted business advisors. Assisting your SME clients to grow and prosper should also include helping them to obtain competitive and correctly structured business finance...