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Early Stage Innovation Company Capital Raising

ESS BIZTOOLS Blogs

29th Nov, 2021
Implementing Systemisation - Session 1 Reflection on ESS BIZTOOLS’ Systemisation Journey
Implementing Systemisation - Session 1 Reflection on ESS BIZTOOLS’ Systemisation Journey
Accountant's Minute 299
SYSTEMISING BUSINESS ADVISORY SERVICES In last week’s ESS BIZTOOLS’ Business Advisory Services Podcast – “Systemising Business Advisory Services”, Peter Towers, Managing Director, ESS BIZTOOLS discu…
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27th Aug, 2021
Grants Are A Great Diversification Service
Grants Are A Great Diversification Service
Accountant's Minute 286
One of the obvious diversification strategies that accountants can pursue is to assist SME clients to have a better understanding of the government grants that are available and to assist clients in…
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6th Aug, 2021
Product Packages Assist Diversification
Product Packages Assist Diversification
Accountant's Minute 283
What is your firm’s point of difference?  From a SMEs’ point of view most accountancy firms look the same – the majority provide a service relating to the preparation of annual financial account…
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2nd Aug, 2021
Diversification of Services Assisted by Outstanding Support Offers
Diversification of Services Assisted by Outstanding Support Offers
Accountant's Minute 282
According to the recent report released by CommBank Accounting Market Pulse, diversification of services is a major objective by accountancy firms all over Australia this financial year. ESS BIZTOOL…
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23rd Jul, 2021
Packages To Help Introduce Business Advisory Services
Packages To Help Introduce Business Advisory Services
Accountant's Minute 281
One of our Affiliates has agreed to support professional firms who subscribe to ESS BIZTOOLS’ Special Package Offers before 6th August 2021 with ten packages being available to the first ten new subs…
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18th Jun, 2021
It’s Time!
It’s Time!
Accountant's Minute 275
Business Advisory Services has been talked about for the last decade and has got a little bit closer to becoming a mainstream accounting industry service each year, over that 10 year period. The Com…
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25th May, 2021
Now Is The Time To Diversify
Now Is The Time To Diversify
Accountant's Minute 271
The CommBank Accounting Market Pulse Report released 3.1/2 weeks ago identified that, from the surveys that they had conducted with accountants all over Australia, only 5% of those firms “would not b…
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26th Mar, 2021
Research & Development Can Assist Accountants To Differentiate Their Firms
Research & Development Can Assist Accountants To Differentiate Their Firms
Accountant's Minute 266
Mark Holton, an Accountancy Industry Consultant and Director of Smithink Pty Ltd, discussed with Peter Towers, Managing Director, ESS BIZTOOLS the opportunities that accountants have to differentiate…
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19th Mar, 2021
Differentiation Can Be Very Rewarding - Offering Research & Development Services Helps!
Differentiation Can Be Very Rewarding - Offering Research & Development Services Helps!
Accountant's Minute 265
“Research and development services can help an accounting firm to differentiate itself in a market that, from a business operator’s perspective, most accountants look very similar” said Mark Holton…
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12th Mar, 2021
Converting Research & Development To “Return On Investment"
Converting Research & Development To “Return On Investment"
Accountant's Minute 264
Are companies giving sufficient priority to determining return on investment as part of the decision as to whether to proceed with a research and development project?  This will be the theme for…
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5th Mar, 2021
Imminent Cessation of JobKeeper Highlights Challenges for Accountants
Imminent Cessation of JobKeeper Highlights Challenges for Accountants
Accountant's Minute 262
In the ESS BIZTOOLS’ Business Advisory Services Webinar/Conversation on Wednesday 10th March 2021, Peter Towers, Managing Director, ESS BIZTOOLS will discuss with Priscilla Bea Smith, Director, Cloud…
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19th Feb, 2021
Smaller Accountancy Firms Can Benefit By Delivering Business Advisory Services
Smaller Accountancy Firms Can Benefit By Delivering Business Advisory Services
Accountant's Minute 260
There is a range of services beyond taxation, that smaller accountancy firms can provide to their SME clients, to assist those businesses to grow and add value. Amanda Gascoigne, an experienced Cons…
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12th Feb, 2021
Using Research & Development To Add Value To Companies!
Using Research & Development To Add Value To Companies!
Accountant's Minute 259
Research and development is an area that many accountants have very little experience in, but it is an area that many small business and medium-sized clients are interested in having a clear understa…
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11th Dec, 2020
Predictive Accounting Helps Understand Impact of Decisions
Predictive Accounting Helps Understand Impact of Decisions
Accountant's Minute 255
Knowing the financial impact of decisions before a client implements them is very important for financial stability.  This process is generally known as “Predictive Accounting”. The process com…
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27th Nov, 2020
Advising SMEs On Funding Opportunities
Advising SMEs On Funding Opportunities
Accountant's Minute 253
Despite COVID-19 Coronavirus and all of its associated problems Crowd Sourced Funding continued to grow in Australia during 2020 and the Joint Founder and Managing Director of Birchal Pty Ltd, one of…
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19th Oct, 2020
Predictive Accounting - Being A Forecaster Instead Of A Historian!
Predictive Accounting - Being A Forecaster Instead Of A Historian!
Accountant's Minute 249
Business people are looking for more accurate financial information as to what the effect of their decisions will be on their future operations by utilising 'predictive accounting' which incorporates…
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5th Aug, 2020
Fund Raising is a Great Business Advisory Service
Fund Raising is a Great Business Advisory Service
Accountant's Minute 243
The latest developments in Victoria, where Level 4 restrictions have now been imposed in Melbourne and Level 3 in Regional Victoria, have really highlighted the challenges that can confront businesse…
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29th Jul, 2020
Advisory Services & Business Funding Are Important Products for SMEs
Advisory Services & Business Funding Are Important Products for SMEs
Accountant's Minute 242
“Business Advisory Services” – highlighted by the Commonwealth Bank’s “Accountants Market Pulse” report has been the activity identified by a group of accountants as being their main priority for the…
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26th Feb, 2020
Start-Ups Who Have Developed “Something” Can Be Attractive for Investors
Start-Ups Who Have Developed “Something” Can Be Attractive for Investors
Accountant's Minute 220
Start-ups – Looking for Finance? Have you got clients who have developed a new or significantly improved product, process, service, organisational or management methodology who are keen to raise fin…
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14th Feb, 2020
Business Improvement Services Explained!
Business Improvement Services Explained!
Accountant's Minute 218
The start of a new decade! 2020 heralds the start of a new decade – “The Decade of Change”.  Many people expect this decade to introduce significant changes to the accountancy profession – some…
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9th Jul, 2019
Early Stage Innovation Company – a “Cousin” Entity to a Crowd Sourced Funding Equity Company
Early Stage Innovation Company – a “Cousin” Entity to a Crowd Sourced Funding Equity Company
Accountant's Minute 197
When the then Australian Prime Minister, Malcolm Turnbull announced the Coalition Government’s Innovation Policy in December 2015 he indicated that two new types of corporate entities would be establ…
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22nd Oct, 2018
This Could Be Just What You're Looking For!
This Could Be Just What You're Looking For!
Accountant's Minute 175
Are you looking for a way to retain your clients by helping their businesses to grow? Then this, could be just what you’re looking for. As accountants, we all know that running an accountancy firm…
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8th Oct, 2018
Crowd Sourced Funding Launches 19 October 2018
Crowd Sourced Funding Launches 19 October 2018
Accountant's Minute 173
At long last Crowd Sourced Funding Equity Raising for Private Companies is available from 19 October 2018. Do you envisage that your accountancy firm will proactively promote the opportunity for som…
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17th Sep, 2018
Will All Your Stakeholders Be Happy?
Will All Your Stakeholders Be Happy?
Accountant's Minute 169
Would you be happy if your accountancy business was able to achieve the following within the next 2 years? “Accountancy firms with new income streams, higher average fee per client, complying with m…
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13th Aug, 2018
ESIC Assistance Assists Accountants “Future Proof”
ESIC Assistance Assists Accountants “Future Proof”
Accountant's Minute 165
Welcome to Accountants Minute. The ESIC (Early-Stage Innovation Company) journey creates a range of new interesting work and “income streams” which will assist proactive accountants to “future proof…
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30th Jul, 2018
Future Proofing Generates ROI
Future Proofing Generates ROI
Accountant's Minute 163
Welcome to Accountants Minute. Creating a “FUTURE PROOFING” strategy is vital for accountancy businesses that aspire for a future as the key financial advisor to clients – not fighting competitors w…
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23rd Jul, 2018
Corporate Governance Awareness Vital for Future Proofing
Corporate Governance Awareness Vital for Future Proofing
Accountant's Minute 162
What is corporate governance?  Our view is that corporate governance relates to an understanding of business.  Many directors do not fully appreciate the wide range of items that they are l…
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13th Jun, 2018
Exploring New Opportunities!
Exploring New Opportunities!
Accountant's Minute 156
Welcome to Accountants Minute. “Today’s business environment is in a state of flux with some industries extremely buoyant whilst others are floundering.”  “Accounting firms service all sectors…
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23rd Apr, 2018
Corporate Governance Mentoring Helps SMEs
Corporate Governance Mentoring Helps SMEs
Welcome to Accountants Minute. Corporate governance mentoring helps small/medium enterprises. The new legislation for Early Stage Innovation Companies and Crowd Sourced Funding Equity Raising Compa…
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19th Mar, 2018
Big 6
Big 6
Welcome to Accountants Minute. This week I want to talk to you about the “Big 6” – the “Big 6” products that we have on offer for you. Products about which we believe your small/medium enterprise cl…
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2nd Mar, 2018
What Type of Services do your Clients Want?
What Type of Services do your Clients Want?
Welcome to Accountants Minute. Surveys conducted by major companies over the last 15 years have all indicated that 75% to 80% of SMEs are looking for a wider range of commercial services to be provi…
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26th Feb, 2018
Chief Financial Officer Services - A New Opportunity
Chief Financial Officer Services - A New Opportunity
The recent announcement of the first group of Crowd-Sourced Funding Intermediaries has clearly signified to the small/medium enterprise community that, at long last, Crowd-Sourced Funding Equity Rais…
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5th Oct, 2017
Accountants – There Are Opportunities Everywhere! But You Must be “Proactive” Rather than “Reactive”!
Accountants – There Are Opportunities Everywhere! But You Must be “Proactive” Rather than “Reactive”!
You might ask – where are the opportunities to create “new income streams” from other than compliance work? The opportunities include: Personal Property Securities Register I have recently comple…
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14th Sep, 2017
Accountants and Business Advisors – SMEs want “Someone” to provide “Business Advisory Services”!
Accountants and Business Advisors – SMEs want “Someone” to provide “Business Advisory Services”!
From my point of view it is preferable that the “someone” be an accountant. Surveys conducted over the last fifteen years by MYOB, CCH and various other organisations have all identified that a sign…
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8th Sep, 2017
Accountants and Business Advisors – Are You Preparing For Crowd-Sourced Funding?
Accountants and Business Advisors – Are You Preparing For Crowd-Sourced Funding?
A tremendous opportunity for small/medium enterprises is about to occur in Australia whilst at the same time a potential new income stream will be available for accountants and business advisors who…
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22nd Aug, 2017
Accountants, are you adding value to company directors?
Accountants, are you adding value to company directors?
Accountants, are you adding value to company directors? With Crowd-Sourced Funding Equity Raising, available from 29th September 2017, now is an appropriate time to consider how accountants can help…
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1st Aug, 2017
Accountants, Do You Want to Offer Consultancy Services?
Accountants, Do You Want to Offer Consultancy Services?
Accountants, do you want to offer consultancy services?  ESS BIZTOOLS’ Gold Package includes a range of courses for accountants relating to business advisory services for small/medium enterprises. S…
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19th Jul, 2017
Accountants, You Need More Than Marketing Gimmicks in a Business Advisory Services’ Package
Accountants, You Need More Than Marketing Gimmicks in a Business Advisory Services’ Package
Accountants, you need more than marketing gimmicks in a Business Advisory Services’ Package.  Whilst marketing and selling skills are important attributes for accountants who are looking to diversify…
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6th Jun, 2017
Accountants - Don't Forget Early Stage Innovation Companies!"
Accountants - Don't Forget Early Stage Innovation Companies!"
The Early-Stage Innovation Company legislation has been available since July 2016 but unfortunately there has been little publicity about the significant benefits this legislation offers small/medium…
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29th May, 2017
"Financial Planning was Primarily an Accountant's Domain!"
"Financial Planning was Primarily an Accountant's Domain!"
Whilst there was some superannuation available in Australia prior to 1983 it was basically organised by employers with advice from accountants. In 1983 the Federal Government introduced compulsory s…
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23rd May, 2017
"That's a Great Opportunity for Accountants/Advisers!"
This was the reaction from an experienced principal of an accountancy business when we discussed the opportunities available from “Crowd-Sourced Funding Equity Raising”. My colleague said “with this…
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17th May, 2017
Accountants, Capital Raising Opportunities Give You a New Income Stream!
Accountants, Capital Raising Opportunities Give You a New Income Stream!
There are a number of opportunities for accountants arising out of the Crowd-Sourced Funding legislation with the first listings on intermediaries' platforms (website) scheduled from 29th September 2…
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19th Apr, 2017
Crowd Funding Offers Significant Benefits to SMEs and Accountants
Crowd Funding Offers Significant Benefits to SMEs and Accountants
Crowd Funding Offers Significant Benefits to SMEs and Accountants A new opportunity for small/medium enterprises, inventors and entrepreneurs has emerged with the passing by the Australian Senate of…
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10th Apr, 2017
Are You Building a "Future Fit Accountancy Business"?
Are You Building a "Future Fit Accountancy Business"?
CCH iFirm presented a very interesting webinar earlier this week which raised a number of questions relating to how you might go about building a “Future Fit Accountancy Business”. What do you need…
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27th Dec, 2016
Resolutions for 2017
Resolutions for 2017
I'd like to take this opportunity of wishing you, your colleagues and your families a very Happy Christmas and I hope that 2017 will be very prosperous for you and your business. Over the last six m…
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13th Dec, 2016
Business Advisory Services is a Key Product for Accountants to Provide
Business Advisory Services is a Key Product for Accountants to Provide
What services are you going to provide in 2017 which create a WOW factor? Last week we talked about Chief Financial Officer services, Debtors' Management, Personal Property Securities Register Due D…
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14th Nov, 2016
Early Stage Innovation Company Process
Early Stage Innovation Company Process
Accountants, you are needed in the ESIC process.  The Early Stage Innovation Company amendments to the Income Tax Act have instigated the first lot of publicity about a company which was actually goi…
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7th Nov, 2016
Do You Really Know Your Accountancy Clients?
Do You Really Know Your Accountancy Clients?
Accountants, do you really know your clients?  At the ATSA Conference in Melbourne a couple of weeks ago, a number of the presenters referred to the concept of "trusted adviser".  Are you the "truste…
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31st Oct, 2016
Innovation is Important even for Accountants
Innovation is Important even for Accountants
At the Australian Technology Showcase for Accountants (ATSA) in Melbourne last week, many new types of innovation for accountants were presented by the various presenters and businesses that displaye…
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20th Oct, 2016
Business Advisory Services a Key Product
Business Advisory Services a Key Product
Hello, I'm Peter Towers, Managing Director of ESS BIZTOOLS.  Welcome to Accountants Minute. Over the last few weeks we've had a series within our Accountants Minute articles as part of Adding Value…
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12th Oct, 2016
Assistance is Available for Accountants
Assistance is Available for Accountants
Assistance is available for accountants and advisors to help you add value to your clients' businesses.  This is a continuation of the theme on "How can Accountants and Advisors add value to Clients…
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9th Oct, 2016
Challenges for accountants and advisors
Challenges for accountants and advisors
This edition is part of the series on "Adding Value To Your Clients’ Businesses". Let’s look at some of the challenges that are facing you as professional accountants and advisors in 2016/17…
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9th Oct, 2016
Where are you now? Why not review your business?
Where are you now? Why not review your business?
It's a great time to conduct a review of your business. Here's a few questions you should be asking: Are you supplying services that your clients want? What do you think your firm is going to look…
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26th Sep, 2016
Want to turn a $2,000 a year client into a $25,000 client?
Want to turn a $2,000 a year client into a $25,000 client?
The Australian government has introduced legislation to assist innovative companies to be able to raise capital.  This legislation, which commenced operations from 1st July 2016, is called the "Early…
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8th Sep, 2016
Promoting ESIC to Clients and Prospects
Promoting ESIC to Clients and Prospects
Promoting the Early Stage Innovation Company legislation to clients and prospects is going to be a task that, I hope, many of you will participate in over the next few months. The legislation is tar…
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31st Aug, 2016
Early Stage Innovation Company Investor Opportunities
Early Stage Innovation Company Investor Opportunities
In recent weeks, we've talked to you about the significant benefits that are available for new companies that have developed new products, services, marketing or organisational methodology to becomin…
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23rd Aug, 2016
Will you have an ESIC Story?
Will you have an ESIC Story?
I want to share a story with you… A business comes to have a discussion with you on Research and Development.  You give them some advice and suggest that they form a company. A year later, they com…
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1st Aug, 2016
The ESIC Legislation is a Great New Income Stream for Accountants and Advisors
The ESIC Legislation is a Great New Income Stream for Accountants and Advisors
Do you remember the Deloitte report, “Digital disruption – short fuse, big bang?” a few years ago?  In that report, Deloitte stated that they believed that accountants/advisors would need to create n…
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27th Jul, 2016
Business Planning is an Important Component of Business Success
Business Planning is an Important Component of Business Success
Do you know that small/medium enterprises, identified in the CCH’s survey of small businesses a couple of years ago, said that business plans were one of the key services that small/medium enterprise…
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20th Jul, 2016
2016/17 - The Year of Business Advisory Services!
2016/17 - The Year of Business Advisory Services!
Welcome to 2016/17, the year of business advisory services. Do you know that the Accounting Market Pulse, produced by the Commonwealth Bank in their December 2015 issue, forecast that the top servic…
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27th Jun, 2016
Happy New Financial Year!
Happy New Financial Year!
Welcome to 2016/17! According to “Accounting Market Pulse” produced by the Commonwealth Bank of Australia, this is the year of “business advisory services”. What can you do to add value to your cli…
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21st Jun, 2016
The ESIC Brings Great Opportunities to Accountants and Advisors
The ESIC Brings Great Opportunities to Accountants and Advisors
The Early Stage Innovation Company (ESIC) legislation commences in Australia from 1st July 2016.  Unfortunately, the legislation for Crowd Funding Equity Raising was still in the Senate when the Sena…
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9th May, 2016
Accountants – Innovation Companies Are A Great Opportunity!
Accountants – Innovation Companies Are A Great Opportunity!
The Federal Parliament has finalised the legislation for Crowd Funding Companies and Early Stage Innovation Companies.  This is a great opportunity for accountants to get ready to service a brand new…
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13th Apr, 2016
The Innovation Company legislation presents accountants great opportunities
The Innovation Company legislation presents accountants great opportunities
The Federal Government has finalised the legislation for the two new company-type entities that will operate from 1st July 2016.  The legislation for both new company entities is currently in the Sen…
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