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Posted: 06 September 2018

Achieving a “30/70 Vision”

Accountant's Minute 168

Would it work for your accountancy business if you were able to start “new income streams” within 2 months?

Would you be happy to supply these types of services to your clients which will assist your firm in combating the ongoing “commoditisation of taxation returns”?

  • Debtors’ Management Review
    • For clients with high debtor’s days outstanding.
    • Indicative fee $900 - $1,800 (plus GST).
  • Protecting clients against potential problems if they don’t know about registering on the Personal Property Securities Register
    • For clients who have stock stored at someone else’s premises, or assets stored at someone else’s premises or who are receiving progress payments.
    • Indicative fee $900 - $1,800 (plus GST).
  • Directors who need to improve their skills and knowledge relative to being Company Directors.
    • Company directors mentoring advice relative to corporate governance.
    • Indicative fee $2,000 - $10,000 (plus GST).
  • Financial services for fast growing businesses
    • For clients with a business turnover in excess of $2 million, aspiring to raise capital or just want to run a sound business.
    • You could offer them a virtual Chief Financial Officer service.
    • Indicative fee $10,000 - $125,000 (plus GST).
  • Clients who aspire to raise capital or manage good businesses and wish to plan for future operations.
    • Preparation of a business plan.
    • Indicative fee $10,000 - $30,000 (plus GST).
  • Developers of new technology who require assistance to fund the next stage.
    • Early Stage Innovation Company Due Diligence Assistance
    • Indicative fee $5,000 - $8,000 (plus GST).
  • Investors interested in securing taxation benefits available if they invest in innovation companies
    • Early Stage Innovation Company Investor Advice.
    • Indicative fee $250 - $1,000 (plus GST).
  • Identification of Government Grants applicable to Individual Businesses
    • ESS BIZGRANTS review, including preparation of grant applications.
    • Indicative fee $300 - $10,000 (plus GST).
  • Businesses that want to expand
    • Crowd Source Funding Equity Raising Mentoring
    • Indicative fee $5,000 - $10,000 (plus GST).
  • Business operators who are planning retirement
    • Succession Mentoring
    • Indicative fee $5,000 - $30,000 (plus GST).
  • Wanting to Buy a Business
    • Purchasing a business consultancy service.
    • Indicative fee $3,000 - $10,000 (plus GST).
  • Wanting to Sell the Business
    • Sale of business consultancy service.
    • Indicative $3,000 - $10,000 (plus GST).
  • Preparation of Budgets and Cashflow Forecast
    • Budget and Cashflow Forecast Consultancy
    • Indicative fee $3,000 - $10,000 (plus GST).
  • Business Reviews to Check on Performance
    • Business Health Checks Consultancy.
    • Indicative fee $3,000 - $5,000 (plus GST).

Will these services assist your accountancy business to service the key stakeholders that your business has, including:

  • Clients – the SME market has been identifying in survey after survey, over the last 15 years, that they require a broader range of professional services to be supplied to them.
  • Accounting Team – business advisory/commercial services offer interesting, varied, “real accounting work” for your accounting team which will contribute towards easing recruitment and team retention issues for accountancy businesses that commit to this journey.
  • Accountancy Businesses – will benefit by the creation of “new income streams” – targeted at 30% of gross fees to ensure a diversification of services to meet client requirements.

Your investment to access the products which will assist you to deliver the services that we have outlined are:

  • ESS BIZTOOLS’ Silver Package – special discount available until 30th September 2018 (25% discount) $1,493 (plus GST) – includes 3 x 60-minute mentoring sessions to assist with the implementation, (incorporates material for all of the products mentioned, except Government Grants); or
  • ESS BIZTOOLS’ Gold Package - $2,700 (plus GST) – includes all products mentioned in this article, together with publishing rights of ESS BIZTOOLS’ papers in a secure section of your website that is available for your clients and prospects who have been granted access to a secure area. Also includes 4 x 60-minute mentoring sessions to assist with the implementation of the product packages.

Also available for you is the detailed document “Achieving a 30/70 Vision” which will assist in the preparation of an analysis of the return on investment that your firm should earn from an investment in a new range of business advisory/commercial services.

We invite you to visit our new website www.essbiztools.com.au to obtain a detailed overview of the available products and services.

If you have any questions on any aspect of ESS BIZTOOLS and how the ESS BIZTOOLS team can assist you on the implementation of a new range of non-compliance commercial services for your clients, please do not hesitate to contact us – or telephone 1800 232 088.

Have a great day!

Achieving a “30/70 Vision”

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