With all the CHATter about 'AI' we wanted to let you know what your peers have been saying. “The ATO will use this opportunity to finally remove the need for Individual Tax Returns” “The Computer turned up and we all stood around it wondering what will be left for us...
Practice Management
What’s happening in the profession in relation to practice management
Transforming the Future of Tax and Accounting
by Daniel Wyner | Sep 21, 2016 | Practice Management
Recently I outlined what I believe the lucrative competitive advantage is for professional accounting firms. This move to a more automated and smarter accounting future is also evident in some research we completed earlier this year when we took a look at what...
What should you replace productivity with and why
by Dale Crosby | Jul 18, 2016 | Featured Articles, Practice Management
Productivity has been used as a key measure of individual performance as long as accountants have been using timesheets. It’s a quick and easy way of determining how much of the working day is actually spent on client work and potentially relates back to capacity and...
So what’s your attitude to IT?
by David Smith | Jul 12, 2016 | Practice Management
Do you lie awake at night worrying about the cost of IT in your practice and feel that it’s a never ending black hole for your cash. Or do you jump out of bed impatient to leverage how technology can enable transformations in firm efficiency, client service and...
How To Successfully Introduce Advisory Services Into the Accounting Practice
by Peter Lawson | Jul 5, 2016 | Featured Articles, Practice Management
The accounting bodies, and even the ATO, are suggesting to accountants that they need to introduce business advisory as part of their service offering. When I ask accountants how they feel about introducing advisory services to their practice they are somewhat...
If “Negotiating Price with Clients” Is a Challenge: What are you doing about it?
by Thea Foster | Jun 16, 2016 | Featured Articles, Practice Management
The Top Challenges In the May, 2016 CommBank Accounting Market Pulse report, on page 5 it notes one of the Top 3 Business Challenges for Accounting Firms is “Negotiating Price with Clients”. Interestingly, one of the 2 other Challenges is said to be “Collecting...
Getting Ready For Year Of Business Advisory Services
by Peter Towers | Jun 15, 2016 | Featured Articles, Practice Management
In the December 2015 edition of “Commonwealth Bank Accounting Market Pulse” it was stated: “Top service lines to enter and grow in the next 12 to 18 months would be Large firms - management consulting services Mid sized firms - business advisory services, management...