How fast time flies. Looking back, it seems incredible that it’s been 40 years since the Financial Management Research Centre (FMRC) was established at the University of New England, in Armidale, New South Wales. The purpose for establishing this unique high level...
Practice Management
What’s happening in the profession in relation to practice management
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....
Accounting and Advice businesses have no choice but to innovate.
by For Accountants | Sep 3, 2014 | Practice Management, Technology Support
“Software is eating the world. It’s changing so many aspects of our everyday lives – the cars we drive, the appliances we use at home, the way we connect with loved ones. And businesses we normally wouldn’t think of as technology businesses are using software to...
Business Growth Grant
by For Accountants | Aug 13, 2014 | Practice Management
THERE ARE MANY TYPES OF BUSINESSES THAT CAN APPLY FOR A BUSINESS GROWTH GRANT The Federal government has commenced operations of the free Business Evaluation Program and is seeking applications for the Business Growth Grant from businesses operating in 11 different...
Transfer of Business with staff : What You Need to Know
by For Accountants | Aug 13, 2014 | Practice Management
Many employers – particularly those running small and medium sized businesses – remain largely unaware of the importance of the Fair Work Act 2009’s ‘Transfer of Business’ provisions in the event that they buy or sell a business. This article provides a brief overview...
The Benefits of Using a Practice Broker Part II
by For Accountants | Aug 13, 2014 | Practice Management
Part I of this article "The Benefits of Using a Practice Broker Part I" appeared in the For Accountants June ebulletin. In Part I, I spoke of the steps involved in selling a practice or parcel of fees. In Step 1 I covered the listing of a practice or parcel of fees,...