Every successful business needs a strong foundation, and for an Accounting Practice, that means having the right characters/qualities in place. A profitable Accounting Practice is one which has a team of individuals who are highly motivated and possess the necessary...
Practice Management
What’s happening in the profession in relation to practice management
Accelerating Commercialisation Is A Very Important Grant
by Peter Towers | May 17, 2016 | Featured Articles, Practice Management
The significance of the importance of the Accelerating Commercialisation Grant has been highlighted by its inclusion in the 100-point eligibility test for the new Early Stage Innovation Companies (ESIC). If a company has participated in the Accelerating...
The Power of One – The Key Advisory Opportunity
by Mark Holton | May 17, 2016 | Featured Articles, Practice Management
Every business has a code that underpins the way they operate from a financial viewpoint. Not knowing your code is like walking through a maze blindfolded. The code of any business consists of the four drivers of profit and three drivers of the balance sheet. The four...
The importance of quality SMSF administration services
by David Saul | May 17, 2016 | Featured Articles, Practice Management
Having an SMSF is not a novelty and many trustees are increasingly facing retirement, estate planning decisions and ultimately payment of death benefits. These decisions can be significantly affected by the accuracy of record keeping during the life of the fund. The...
Small Business Rollover – full steam ahead, or approach with caution?
by Graeme Prowse | Apr 20, 2016 | Featured Articles, Practice Management
The new small business rollover rules contained in the Tax Law Amendment (Small Business Restructure Roll-over) Bill 2016 were enacted on 8 March, and will become available from 1 July 2016. Many summaries have been written giving a general outline of how this law...
9 Simple Steps to Switching Accounting Systems
by Marc Lehmann | Apr 19, 2016 | Featured Articles, Practice Management
We’ve seen it (and done it) too many times… We research tools and systems to fix specific business problems, find something that looks great, build our hopes up, take the leap and then… we fall flat. How many of us in business have downloaded the latest app, bought...
How To Get More Value From EOFY Client Meetings
by Dale Crosby | Apr 19, 2016 | Latest News, Practice Management
The period leading up to and following the end of the financial year is probably the best time to engage business clients in rich conversations about their financial objectives, needs and challenges. Of course, tax planning is a great way to start, but the...