What are your Market Options? Time Poor; let’s go to brass tacks: It’s been a roller-coaster for the last 3 years with COVID and now Inflation pushing us around… who would have thought finding good staff would be so hard – well, it always has been, it just got...
Practice Management
What’s happening in the profession in relation to practice management
Where Is Your Accountancy Business Headed?
by For Accountants | Oct 2, 2014 | Practice Management
Deloitte has produced an update of their report, ‘Digital disruption – short-fuse, big bang?’, which identifies that professional services (of which accountants are part) are going to encounter significant ‘digital disruption’ up to 2017, amounting to a 32% drop in...
What Fee Arrangement for Service? – A Smorgasbord of Options
by For Accountants | Sep 30, 2014 | Practice Management
There’s a lot of discussion in accounting circles about the death of time-based billing and the need to focus more on value. Most partners of accounting firms recognise that time cost billing has lead to an unhealthy focus on the chargeable hour by both staff and...
Should Accountancy practices become Business Coaches or Consultants?
by For Accountants | Sep 10, 2014 | Practice Management
The concept of Business Coaching originates from the sporting arena, where for centuries coaches have helped athletes achieve their goals. Coaching is a slightly different concept to consulting, but in a nutshell, consulting implies that you identify a problem that a...
Opportunities for Industry Grants
by For Accountants | Sep 10, 2014 | Practice Management
In this edition, we intended to continue our commentary on the Australian government grants that have been supplied for a range of different industries through the Business Growth Grant. However, last week, the Department of Industry made some changes to the...
How can we make our graduates more accountable?
by For Accountants | Sep 5, 2014 | Practice Management
In working with graduates of accounting firms, we’re often told how challenging the work environment can be – and this feedback often comes from grads who achieved great results at university. It’s not just about effective time and task management, but also about...
ATO guidelines for professional structures
by For Accountants | Sep 5, 2014 | Practice Management
The ATO have now progressed their review of professional practices to the point where they have released some guidelines as to the level of risk arising depending upon the way that partnerships and each partner deal with profits. I wrote about this in the July issue....