What’s happening in the profession in relation to practice management
Step 1 – a great “idea!” Step 2 – preliminary investigations into the “great idea”. Step 3 – check eligibility – to claim Research and Development Incentive Rebate must be a “company”. Step 4 – conduct “prior art/literature searches”. Step 5 – identify “core”...
It’s easy to understand why capacity and leverage are so important, but more difficult to appreciate why accounting firms sometimes struggle to get real success in these areas. Administration is one of the keys to effective leverage in accounting firms; by taking on...
The Good Bad Ugly 2020 Benchmarking Report is now available. CLICK HERE TO DOWNLOAD THE EXECUTIVE SUMMARY Some key statistics: The total revenue per partner is $1,072,065. An average staff salary is $77,893. Debtors are at 50 days. The average client group fee is...
Before engaging your clients with new services, there are two crucial steps you can’t miss. Now more than ever, clients are looking to you as their trusted advisors to support them through challenging times. Rather than simply calling on you for compliance lodgments,...
Current world circumstances have definitely made one rethink one’s values. Interestingly, coincidingly, we are seeing ‘tree change’ conversations increasing. There is this Practitioner (name removed for privacy reasons, but you know who you are) that of late, has left...
Accounting firms are essential to businesses and not-for-profit organisations, particularly when managing one or more components of an entity’s financial operations. Most accounting firms, however, don’t have the skills to prepare statutory financial statements or the...
Accountants who are responding to the challenge of proactively supplying a range of Business Advisory Services to clients should include on their list of duties a number of activities which may be referred to as “peripheral activities” but which, in many businesses,...
