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Taged Articles: Virtual CFO Services

4th Jun, 2025
Corporate Governance: Guide SMEs with Confidence and Clarity
Corporate Governance: Guide SMEs with Confidence and Clarity
Accountants Minute 409
Corporate Governance isn’t just for big businesses – it’s essential for every organisation. Whether you're advising private companies, charities, not-for-profits, sporting clubs or churches, one thi…
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28th May, 2025
It's Time to Go Beyond the Numbers
It's Time to Go Beyond the Numbers
Accountants Minute 408
For accountants, bookkeepers, and business advisors, compliance work alone is no longer enough. SMEs don’t just need end-of-year financials – they need real-time insight and strategic direction. They…
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20th May, 2025
Family Business Advisory: Your Next Growth Opportunity
Family Business Advisory: Your Next Growth Opportunity
Accountants Minute 407
Family Businesses: Big Opportunities, Big Challenges — Are You Ready to Be Their Trusted Advisor? Family businesses make up more than 70% of Australia’s 2.1M enterprises and employ around half of th…
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14th May, 2025
Let's Talk Business, Not Just Tax.
Let's Talk Business, Not Just Tax.
Accountants Minute 406
For too long, many SMEs have viewed their accountants as “just the tax person.” At ESS BIZTOOLS, we set out to change that perception. When developing our product packages, we focused on helping acc…
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8th May, 2025
Scaling Up: Why Getting the Foundations Right is Critical
Scaling Up: Why Getting the Foundations Right is Critical
Accountants Minute 405
Across Australia, thousands of ambitious businesses dream of scaling up – growing from a small operation into a thriving, sustainable enterprise. But here’s the hard truth: As an accountant, bookk…
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30th Apr, 2025
New to Advisory Services? We've Got You Covered.
New to Advisory Services? We've Got You Covered.
Accountants Minute 404
The small business sector is struggling – and it’s calling out for help. High interest rates, inflationary pressures, sluggish economic growth, and supply chain issues are just the tip of the iceberg…
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23rd Apr, 2025
Business Advisory Conversations that Drive Impact
Business Advisory Conversations that Drive Impact
Accountants Minute 403
In today’s rapidly evolving business environment, accountants, bookkeepers, and business advisors are expected to be more than just tax professionals. SME clients are facing a complex landscape – fro…
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16th Apr, 2025
Business Plus+ in Action: From Insight to Implementation
Business Plus+ in Action: From Insight to Implementation
Accountants Minute 402
You already know Business Plus+ is more than a newsletter – it’s a client engagement strategy. But here’s where the real power lies: when you turn those insightful articles into meaningful, revenue-g…
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8th Apr, 2025
Business Plus+: Redefining SME Client Relationships
Business Plus+: Redefining SME Client Relationships
Accountants Minute 401
The landscape for accounting professionals is changing – fast. As margins on tax compliance services shrink and automation continues to disrupt traditional models, accountants, bookkeepers, and busin…
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2nd Apr, 2025
implementing Advisory Services that Make a Real Difference
implementing Advisory Services that Make a Real Difference
Accountants Minute 400
As we celebrate the 400th edition of Accountants Minute, we want to focus on one clear message: It’s time to diversify your services, step into your power as a trusted advisor, and help your clients…
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26th Mar, 2025
Your Roadmap to Premium Advisory Services Starts Here
Your Roadmap to Premium Advisory Services Starts Here
Accountants Minute 399
Advising a growth-focused client is one of the most rewarding challenges an accounting professional can take on. It’s exciting, thought-provoking – and it stretches your firm beyond compliance into h…
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19th Mar, 2025
The Time Is Now: Evolve Beyond Compliance
The Time Is Now: Evolve Beyond Compliance
Accountants Minute 398
For years, accountants and bookkeepers have focused primarily on compliance—but is that enough to sustain your firm’s future? The landscape is shifting, and businesses need more than just tax retur…
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11th Mar, 2025
Advisory Services: The Future of Accounting
Advisory Services: The Future of Accounting
Accountants Minute 397
Is It Time to Expand Your Services? The world of accounting and bookkeeping is evolving rapidly. If your firm primarily focuses on compliance-based work, you may be at risk. 2.5 years ago, former Ta…
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4th Mar, 2025
Supercharge Your Firm With Financial Forecasting
Supercharge Your Firm With Financial Forecasting
Accountants Minute 396
As an accountant, bookkeeper, or business advisor, you know that SMEs often struggle with financial planning, business scaling and long-term sustainability. But what if you could be the key to tran…
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25th Feb, 2025
Unlock SME Growth: Why Advanced Strategies are a Game-Changer
Unlock SME Growth: Why Advanced Strategies are a Game-Changer
Accountants Minute 395
In today’s fast-paced market, sustainable growth is more than just a goal—it’s a necessity. For businesses aiming to ‘scale-up’, embedding robust systems into daily operations isn’t optional; it’s th…
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17th Feb, 2025
Build Firm Foundations: 12 Essential Systems for Business Success
Build Firm Foundations: 12 Essential Systems for Business Success
Accountants Minute 394
As accountants, bookkeepers, and business advisors, we often see businesses start with enthusiasm and ambition but falter due to weak operational foundations. A survey of 1,000 SMEs conducted by MYOB…
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10th Feb, 2025
Helping SMEs Thrive: Systems for Business Growth
Helping SMEs Thrive: Systems for Business Growth
Accountants Minute 393
According to SmartCompany, “91% of business owners recently surveyed said that Growth Is Their Main Challenge. The path to sustainable expansion isn’t just about revenue—it’s about systems. For SMEs…
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4th Feb, 2025
SMEs Need a Trusted Advisor
SMEs Need a Trusted Advisor
Accountants Minute 392
Running a small business in Australia has never been more challenging. Financial and commercial pressures are mounting, and for many SMEs, these issues can spell disaster if left unaddressed. Recent…
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29th Jan, 2025
Preparing SMEs for the Challenges of 2025
Preparing SMEs for the Challenges of 2025
Accountants Minute 391
The economic landscape for Australian SMEs in 2025 looks daunting. High interest rates, inflation, political uncertainty with the Federal Election, and increasing business failures are creating a per…
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16th Dec, 2024
Guide SMEs Through Challenges: Your Advisory Role Matters
Guide SMEs Through Challenges: Your Advisory Role Matters
Accountants Minute 390
SMEs are facing challenging times Small and Medium-sized Enterprises (SMEs) are under immense pressure. High interest rates, persistent inflation, and rising business failures are creating ripple ef…
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10th Dec, 2024
Business Plus: Empowering Advisors for SME Success
Business Plus: Empowering Advisors for SME Success
Accountants Minute 389
As accountants, bookkeepers and business advisors, your role extends far beyond number crunching. You are trusted strategists and growth enablers for your SME clients. Staying ahead in a rapidly evol…
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5th Dec, 2024
Future-Proof Your Firm: Embrace Advisory Service Now
Future-Proof Your Firm: Embrace Advisory Service Now
Accountants Minute 388
At Xerocon 2022, the former-Tax Commissioner Chris Jordan issued a powerful warning: “If your business model is high-volume, low-margin, and focused on simple tax returns, it will not be viable in 3…
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2nd Dec, 2024
Revolutionise Your Accounting Firm and Help SMEs Thrive
Revolutionise Your Accounting Firm and Help SMEs Thrive
Accountants Minute 387
Accountants, the time has come to step beyond the boundaries of tax returns and financial statements. As SMEs grapple with high interest rates, inflation, and uncertainty, your clients need more than…
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26th Nov, 2024
Transforming SMEs: Your Advisory Services Revolution Starts Here!
Transforming SMEs: Your Advisory Services Revolution Starts Here!
Accountants Minute 386
In the world of accounting, ‘advisory services’ has become a buzzword. But in Australia, its meaning varies widely—leaving many SMEs under-supported in areas where they need the most help. So, what…
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20th Nov, 2024
Turning Ideas into Incentives: R&D and the role of Accountants
Turning Ideas into Incentives: R&D and the role of Accountants
Accountants Minute 385
Every great product or service begins with an idea. It might strike in a factory, a warehouse, a farm, or even while daydreaming mid-flight. But for these ideas to transform into impactful innovation…
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11th Nov, 2024
Empowering Professional Service Firms: Maximise Profitability with Strategic Charge Out Rates
Empowering Professional Service Firms: Maximise Profitability with Strategic Charge Out Rates
Accountants Minute 384
Professional service firms often overlook the strategic process of evaluating operations and setting charge out rates that align with targeted profitability. Accountants can help these firms establis…
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4th Nov, 2024
Debt Managment Crisis: How Accountants Can Help
Debt Managment Crisis: How Accountants Can Help
Accountants Minute 383
Thousands of small and medium-sized enterprises (SMEs) in Australia are facing significant financial challenges, often due to limited fiscal management knowledge. This is where accountants can play a…
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30th Oct, 2024
Export Market Development Grant: applications open soon
Export Market Development Grant: applications open soon
Accountants Minute 382
The Australian Government’s next round of the Export Market Development Grant opens on Tuesday 12 November 2024 at 10am AEDT. Funding is limited, so as accountants and business advisors, it’s crucial…
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20th Sep, 2024
Comprehensive Business Advisory Solutions for Accountants and Bookkeepers
Comprehensive Business Advisory Solutions for Accountants and Bookkeepers
Accountants Minute 381
When reviewing the Product Packages offered by ESS BIZTOOLS to help accountants and bookkeepers ‘DELIVER ADVISORY SERVICES TO SME CLIENTS’, it's important to understand the foundation on which these…
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28th Aug, 2024
The Critical Role Of Accountants In Supporting SMEs
The Critical Role Of Accountants In Supporting SMEs
Accountants Minute 380
A key question for accountancy firms is: “Does the delivery or non-delivery of business advisory services reflect how SMEs rate Accountants?” To understand the impact of ADVISORY SERVICES on SMEs…
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21st Aug, 2024
Challenges are mounting for SMEs: how can you help?
Challenges are mounting for SMEs: how can you help?
Business Advisory Services Update
Our recent webinar – ‘Fiscal Management – a Starting Point’ – covered a range of very important topics for accountants and bookkeepers relative to providing services to SMEs who are currently facing…
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20th Aug, 2024
Tradie Charge Out Rate Calculator: ABSOLUTE GOLD!
Tradie Charge Out Rate Calculator: ABSOLUTE GOLD!
Accountants Minute 379
Last week, ESS BIZTOOLS presented a webinar featuring Amanda Gascoigne, Accounting Industry Mentor and Coach. In this webinar, Amanda has expressed her enthusiasm to the ESS BIZTOOLS’ Tradie Charge O…
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12th Aug, 2024
Becoming the Brilliant and Trusted Advisors SMEs need today
Becoming the Brilliant and Trusted Advisors SMEs need today
Business Advisory Services Update
The former ATO Commissioner Chris Jordan warned in 2022 that many Accountants needed to adopt a “new business model”, if they were going to remain viable in the next few years. He commented that Acc…
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8th Aug, 2024
Equity financing provides valuable opportunities for accountants
Equity financing provides valuable opportunities for accountants
Accountants Minute 378
SMEs need accountants who have skill sets beyond the preparation of annual accounts and income tax returns. This was the theme that the pioneers of ‘Diversification of Accounting Services’, FMRC (Fi…
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31st Jul, 2024
Guiding retailers to achieve their profit goals
Guiding retailers to achieve their profit goals
Business Advisory Services Update
Operating a retail business is very tough, and some people embark on a ‘retail journey’ without fully understanding the various issues they will face. Accountants and bookkeepers are not typically tr…
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24th Jul, 2024
Small Business Equity Financing Course: early bird discount promotion ending soon
Small Business Equity Financing Course: early bird discount promotion ending soon
Business Advisory Services Update
Time is running out to perfect your business advisory skills! Register now for the ‘Small Business Equity Financing’ for Advisors and Virtual CFOs eLearning course. Specifically designed for account…
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23rd Jul, 2024
Master Equity Financing for SMEs with our comprehensive eLearning course
Master Equity Financing for SMEs with our comprehensive eLearning course
Business Advisory Services Update
In today’s fluctuating economic climate, businesses must navigate complex financial landscapes to ensure sustainability and growth. Our new eLearning course, Small Business Equity Financing, is desi…
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17th Jul, 2024
Master Equity Financing: boost your advisory skills
Master Equity Financing: boost your advisory skills
Business Advisory Services Update
Prepared and presented by Peter Towers, Accountant, Company Director, Consultant, Founder, and Managing Director of ESS BIZTOOLS – email: – website: www.essbiztools.com.au I…
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16th Jul, 2024
Navigating challenges and embracing opportunities in the Accounting profession
Navigating challenges and embracing opportunities in the Accounting profession
Accountants Minute 377
Our vision for accountancy firms in 2024… Strategy 1: Talent is key to success Andrew Geddes, joint Founder of Financial Management Research Centre (FMRC) and former Chair of Greencross Ltd (a top…
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9th Jul, 2024
Empowering Bookkeepers to DELIVER Advisory Services
Empowering Bookkeepers to DELIVER Advisory Services
Business Advisory Services Update
The recent article in the Financial Review, featuring the CEO of MYOB, Paul Robson, clearly identified FISCAL MANAGEMENT as a significant issue for SMEs. Mr Robson indicated that many SMEs start off…
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8th Jul, 2024
Enhancing profitability for tradies
Enhancing profitability for tradies
Business Advisory Services Update
There are thousands of ‘tradie’ businesses in Australia, and virtually every small/medium sized accounting and bookkeeping firm has one or more ‘tradie’ business clients. Unfortunately, many tradies…
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4th Jul, 2024
Do you know that SMEs are spending BILLIONS on R&D?
Do you know that SMEs are spending BILLIONS on R&D?
Business Advisory Services Update
The Government estimates that Research and Development (R&D) expenditure by SMEs will be approximately $5.83B in 2022/23! The cost to the Government is the Research and Development Tax Offset, w…
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2nd Jul, 2024
Certified Predictive Accounting Program
Certified Predictive Accounting Program
Business Advisory Services Update
PREDICTIVE ACCOUNTING has become the latest buzzword of the Accounting industry, yet not enough people know what it is and how it can be used. The detailed reports that flow from Predictive Accounti…
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26th Jun, 2024
Financial Forecasting Package: Research and Development
Financial Forecasting Package: Research and Development
Business Advisory Services Update
A recent report by the Department of Industry, Science and Resources indicated that the estimated ‘refundable offset’ for “companies with an annual turnover of less than $20M in 2022/23” would be $2…
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26th Jun, 2024
Setting retail prices to achieve targeted profit
Setting retail prices to achieve targeted profit
Business Advisory Services Update
Retailers face ongoing challenges from competition, as well as calculating the price mix correctly. Miscalculations will have a significant effect on fiscal issues for SMEs. Such as overinvestment in…
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26th Jun, 2024
Advisory Intro Package: Tradie Charge Out Rate Calculator
Advisory Intro Package: Tradie Charge Out Rate Calculator
Business Advisory Services Update
There are thousands of ‘tradie’ businesses in Australia and virtually every accounting and bookkeeping firm would have one or more ‘tradie’ business clients. The calculation of charge out rate for t…
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25th Jun, 2024
Fiscal Management: a Starting Point
Fiscal Management: a Starting Point
Business Advisory Services Update
ESS BIZTOOLS will present a webinar, together with Amanda Gascoigne of Amanda Gascoigne Consulting, to discuss strategies that accountants can implement to improve their SME clients’ understanding of…
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18th Jun, 2024
Are you ready to deliver advisory services?
Are you ready to deliver advisory services?
Business Advisory Services Update
Is your firm prepared and ready to be able to deliver BUSINESS ADVISORY SERVICES to SMEs? ESS BIZTOOLS has developed product packages to assist Accountants and Bookkeepers to deliver a broader range…
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17th Jun, 2024
ESS BIZTOOLS Advanced Package
ESS BIZTOOLS Advanced Package
Business Advisory Services Update
The ESS BIZTOOLS’ Advanced Package is packed with tools and insights to help you and your clients succeed. This package includes: Client Seminars ESS Papers SME Needs Analysis Tradies Charge Ou…
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12th Jun, 2024
Advisory Services: shaping your vision of accountancy
Advisory Services: shaping your vision of accountancy
Accountants Minute 376
A key question for Accountants is: What is the breadth of services that your clients require to assist them to survive, grow and if they wish to ‘scale up’ their business operations? Many large comp…
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4th Jun, 2024
Advisory Intro Package - what's included?
Advisory Intro Package - what's included?
Business Advisory Services Update
The ESS BIZTOOLS’ ADVISORY INTRO PACKAGE has been developed for Bookkeeping and Accounting Firms, to better equip them to offer advisory services to SMEs, Charities, Not-for-Profit Organisations and…
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3rd Jun, 2024
Advisory Intro Package
Advisory Intro Package
Business Advisory Services Update
Over the last few years, we have received multiple enquiries from bookkeepers who wanted to know about the resources that they could access by becoming a subscriber to ESS BIZTOOLS. As a result, a nu…
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29th May, 2024
The importance of follow-up
The importance of follow-up
Business Advisory Services Update
When it comes to communicating with clients and prospects through newsletters, follow-up is crucial and integral to the process. We recommend reaching out to specific clients or prospects. Discuss i…
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28th May, 2024
Newsletter is a great communication tool
Newsletter is a great communication tool
Business Advisory Services Update
Brad Smart, author of Selling the Message, affirms that a WRITTEN COMMUNICATION SYSTEM is very important for Accountants and Bookkeepers. 17 years ago, ESS BIZTOOLS launched Business Plus+ Newslette…
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27th May, 2024
Are you communicating to SMEs?
Are you communicating to SMEs?
Business Advisory Services Update
“In presentations, as in the rest of life, sticking with the same old presenting styles on the basis of “that’s how I have always done it” really means you are standing still while the rest of the wo…
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22nd May, 2024
Cash flow management - VITAL for survival
Cash flow management - VITAL for survival
Accountants Minute 375
In a recent article from Financial Review, MYOB CEO Paul Robson highlighted the importance of ‘Fiscal Management Skills’. This was mentioned in Accountants Minute Issue 372. In this article, it was…
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21st May, 2024
Do you aspire to be the financial expert?
Do you aspire to be the financial expert?
Business Advisory Services Update
The recent report by the ASIC indicates that small business failures have jumped to 34% this financial year. This highlights the significant problems that SMEs have. Not understanding FISCAL MANAGEM…
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15th May, 2024
Delivering advisory services for SME growth
Delivering advisory services for SME growth
Business Advisory Services Update
Whether you’re beginning your advisory services journey, or if this is not your ‘first rodeo’, the following are some of the types of services that will help SMEs to survive and ‘scale up’… Understa…
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14th May, 2024
Why provide advisory services?
Why provide advisory services?
Business Advisory Services Update
According to ASIC, small business failure has jumped 34% this financial year! “A large number of small businesses go out of business in their first six months not because their idea was a bad one bu…
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13th May, 2024
Be the first trusted advisor for SMEs
Be the first trusted advisor for SMEs
Business Advisory Services Update
The challenge for Bookkeepers, Accountants and Business Advisers is to have an awareness of the SME client’s business operations, significantly broader than the information required to complete the t…
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8th May, 2024
How can ESS BIZTOOLS help? Part 2
How can ESS BIZTOOLS help? Part 2
Business Advisory Services Update
Other products that ESS BIZTOOLS offer include: Introduction to R&D Tax Rebate: a great resource to allow you to provide R&D financial advisory service to your SME clients. Introduction to…
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7th May, 2024
How can ESS BIZTOOLS help? Part 1
How can ESS BIZTOOLS help? Part 1
Business Advisory Services Update
The ESS BIZTOOLS subscription packages contains a wide range of resources to help Bookkeepers and Accountants to deliver the type of services SMEs are seeking. Some of these resources are: SME Needs…
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3rd May, 2024
SMEs are on the lookout for proactive advice
SMEs are on the lookout for proactive advice
Business Advisory Services Update
SMEs are on the lookout for proactive advice ADVISORY SERVICE entails Bookkeepers and Accountants assisting SMEs beyond the past – with their present and future business issues. Being the ‘historian…
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2nd May, 2024
Resources to become a brilliant and trusted advisor
Resources to become a brilliant and trusted advisor
Accountants Minute 374
Advisory Services require Bookkeepers and Accountants to assist SMEs with their problems today and in the future – being the ‘HISTORIAN’ is only for taxation purposes! At Xerocon 2022, the then Tax…
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1st May, 2024
Were they warned?
Were they warned?
Business Advisory Services Update
Peter Towers of ESS BIZTOOLS and Trevor Marchant of Marchant Dallas recently presented a podcast, discussing strategies that could be implemented to reduce small business failures, and what can Accou…
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24th Apr, 2024
Streamlined financial management: daily, weekly and monthly accountability
Streamlined financial management: daily, weekly and monthly accountability
Business Advisory Services Update
At the end of the month, monthly Financial Accounts should be prepared for each business operation, with a comparison to budge, with monthly KPIs and Business Metrics prepared. This is the process t…
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23rd Apr, 2024
Bridging the gap: weekly performance insights for SMEs
Bridging the gap: weekly performance insights for SMEs
Business Advisory Services Update
Compare the large business’ weekly operations to what happens in most SMEs… It would be a very rare occasion at present that an SME is receiving input from their accounting/bookkeeping firm on a pro…
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22nd Apr, 2024
Unlocking growth: applying large business management principles to SMEs
Unlocking growth: applying large business management principles to SMEs
Business Advisory Services Update
A significant difference in management/accounting approach by large businesses, as compared to SMEs, is that many large businesses operate as a ‘group of small businesses’, under the control of an ar…
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16th Apr, 2024
52-Week Business Enhancement System – what’s involved?
52-Week Business Enhancement System – what’s involved?
Business Advisory Services Update
The detail components of the system include business due diligence review by the bookkeeping/accounting firm, to achieve ‘an inch wide and a mile deep’ understanding of the client’s business operatio…
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16th Apr, 2024
SMEs want what large companies are having too!
SMEs want what large companies are having too!
Business Advisory Services Update
To be the EXPERT and deliver Advisory Services is to embrace the concept of the 52-Week Business Enhancement System. This system involves the following activities: Daily: KPIs and Business Metrics R…
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15th Apr, 2024
Be the expert: offer Advisory Services!
Be the expert: offer Advisory Services!
Business Advisory Services Update
Accountants and Bookkeepers can offer a virtual CFO service to their clients. This involves a lot more than just preparing financial accounts. With today’s technology, software and communication faci…
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11th Apr, 2024
Buying a Business Education Pack
Buying a Business Education Pack
Business Advisory Services Update
The ESS BIZTOOLS’ ‘Buying a Business Product Package’ includes ‘Buying a Business Education Pack’, which contains commentary on: Thinking about buying a business Business structures Budgets and ca…
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10th Apr, 2024
Purchasing a Business Checklist
Purchasing a Business Checklist
Business Advisory Services Update
The ‘Purchasing a Business Checklist’, which is included in the ESS BIZTOOLS’ ‘Buying a Business Package’, identifies many potential traps involved in purchasing a business which could include: Does…
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9th Apr, 2024
Are any of your SME clients plan on buying a business?
Are any of your SME clients plan on buying a business?
Business Advisory Services Update
ESS BIZTOOLS has introduced the ADVISORY INTRO PRODUCT PACKAGE, developed to assist Bookkeepers and Accountants who are considering delivering a broader range of professional services to SMEs. Inclu…
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8th Apr, 2024
Empowering Bookkeepers and Accountants to deliver Advisory Services
Empowering Bookkeepers and Accountants to deliver Advisory Services
Accountants Minute 373
Introducing the ESS BIZTOOLS ADVISORY INTRO PACKAGE ESS BIZTOOLS has recently launched the ‘ADVISORY INTRO PRODUCT PACKAGE'. The ‘ADVISORY INTRO PRODUCT PACKAGE' is specifically designed to assist…
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4th Apr, 2024
WEEKLY REFLECTIONS: Advisory services start with communication
WEEKLY REFLECTIONS: Advisory services start with communication
Business Advisory Services Update
Business Plus+ Newsletter, released on the second Friday of each month, is a communication tool for Bookkeepers and Accountants that can aid with informing your SME clients and prospects on the wide…
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3rd Apr, 2024
A conversation with a client
A conversation with a client
Business Advisory Services Update
SMEs welcome the opportunity to have a discussion with their bookkeeper/accountant on issues relating to their business activities and not always on taxation matters. The art of ‘Delivering Advisory…
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3rd Apr, 2024
Accountants and Bookkeepers – do you have a communication tool?
Accountants and Bookkeepers – do you have a communication tool?
Business Advisory Services Update
Newsletters are great communication tool which will help you convey to your clients and prospects that you are able to deliver ADVISORY SERVICES. ESS BIZTOOLS has developed Business Plus+ Newsletter…
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25th Mar, 2024
Research and Development lodgement time
Research and Development lodgement time
Business Advisory Services Update
Accountants who assist SMEs with advice on R&D know that the deadline for the lodgment of the R&D Tax Incentive application – Registration of R&D activities is 30 April 2024. A summary o…
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21st Mar, 2024
WEEKLY REFLECTIONS: “Corporate insolvencies spike to a decade high”
WEEKLY REFLECTIONS: “Corporate insolvencies spike to a decade high”
Business Advisory Services Update
“Corporate insolvencies spike to a decade high” – Australian Financial Review, 20 March 2024 This heading highlights the urgency of ADVISORY SERVICES being delivered by Accountants and Bookkeepers…
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20th Mar, 2024
Advisory services assist diversification
Advisory services assist diversification
Business Advisory Services Update
Offering advisory services to SMEs by Bookkeepers and Accountants assists in the diversification of the firm’s activities so as to give some protection from the challenges predicted by the Tax Commis…
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19th Mar, 2024
Assisting retailers to generate targeted profit
Assisting retailers to generate targeted profit
Business Advisory Services Update
Bookkeepers and Accountants who are offering Advisory Services can make some valuable input to retailers, who have to wrestle with a different situation from tradies when setting retail prices to ach…
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18th Mar, 2024
‘Advisory Intro’ launched for Bookkeepers and Accountants
‘Advisory Intro’ launched for Bookkeepers and Accountants
Business Advisory Services Update
The new ‘ADVISORY INTRO PRODUCT PACKAGE’ has been developed by ESS BIZTOOLS, to assist Bookkeeping/ Accounting firms to deliver Advisory Services to SMEs, charities, not-for-profit and sporting organ…
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14th Mar, 2024
WEEKLY REFLECTIONS: Trusted advisor delivery is changing!
WEEKLY REFLECTIONS: Trusted advisor delivery is changing!
Business Advisory Services Update
Delivery of COMPLIANCE and ADVISORY SERVICES is what SMEs deserve from their TRUSTED ADVISOR. “The role of a TRUSTED ADVISOR is crucial in helping people and businesses find ways to continue to thri…
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13th Mar, 2024
Delivering fiscal management skills - a VITAL role
Delivering fiscal management skills - a VITAL role
Accountants Minute 372
SMEs require systems similar to larger businesses SMEs face significant challenges beyond the scope of ‘Traditional Accounting Services’, such as preparing annual accounts and tax returns. Paul Robs…
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12th Mar, 2024
Predictive accounting creates storytellers
Predictive accounting creates storytellers
Business Advisory Services Update
Predictive Accounting enables the ‘Financial Interpretation’ of the Business Plan to be prepared by Accountants. This process has the significant benefit of ‘bringing the business plan to life’. Wi…
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11th Mar, 2024
Week-by-week accounting VITAL for success
Week-by-week accounting VITAL for success
Business Advisory Services Update
Accountants and bookkeepers are aware that the old concept of producing an annual set of accounts and income tax return is not enough data for a business to survive. The ‘52-WEEK BUSINESS ENHANCEMEN…
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29th Feb, 2024
WEEKLY REFLECTIONS: Heed the warning? Advisory services enhance viability!
WEEKLY REFLECTIONS: Heed the warning? Advisory services enhance viability!
Business Advisory Services Update
18 months ago, the Tax Commissioner delivered a message to Bookkeepers and Accountants: “You must understand that if your business model is high-volume, low margin, simple tax returns, your business…
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28th Feb, 2024
Setting SMEs up to succeed
Setting SMEs up to succeed
Business Advisory Services Update
This is a very important role for SME Advisers. After the ‘Due Diligence Review’ on the business operations, we now move into the serious business relating to the preparation of a Business Plan for…
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27th Feb, 2024
Keen to deliver advisory services to SMEs?
Keen to deliver advisory services to SMEs?
Business Advisory Services Update
Bookkeeping firms and bookkeeping sections within accountancy firms certainly have a lot of contact with their SME clients on a daily, weekly or monthly basis. This means it is very important that t…
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27th Feb, 2024
Preparing to DELIVER Advisory Services
Preparing to DELIVER Advisory Services
Accountants Minute 371
Preparation is important The ‘Tradie Charge Out Rate Calculator’ available within ESS BIZTOOLS addresses a common issue faced by small and medium-sized accountancy firms working with Tradie business…
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26th Feb, 2024
Systems foundations vital
Systems foundations vital
Business Advisory Services Update
Financial Records are prepared not just for the preparation of annual financial statements and tax returns. The basic financial records are the FOUNDATION on which the business is built – just like a…
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23rd Feb, 2024
WEEKLY REFLECTION: Model service delivery on larger businesses
WEEKLY REFLECTION: Model service delivery on larger businesses
Business Advisory Services Update
Annual accounts and tax returns are not enough data to successfully operate a business. SMEs need monthly financial accounts, as well as business KPIs and metrics, comparison to budgets – data simil…
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22nd Feb, 2024
Documenting the vision
Documenting the vision
Business Advisory Services Update
A key component of Accountants/Bookkeepers services to SMEs beyond the preparation of annual accounts and income tax return is to assist your SME client to ‘DOCUMENT THE VISION’. This is a very impo…
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21st Feb, 2024
Learn from larger businesses
Learn from larger businesses
Business Advisory Services Update
Accountants and bookkeepers: by encouraging your SME clients to think like a “larger business”, they will understand the benefit of receiving continuous information relating to their business. Where…
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19th Feb, 2024
Are the annual accounts and tax return enough?
Are the annual accounts and tax return enough?
Business Advisory Services Update
Absolutely not! One of the real problems confronting SMEs is that most professional accounting firms are only concentrating on the production of an annual set of accounts and taxation return for bus…
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16th Feb, 2024
WEEKLY REFLECTION: Most capital raising from SMEs start with Section 708
WEEKLY REFLECTION: Most capital raising from SMEs start with Section 708
Business Advisory Services Update
The 20/12 rule known as the ‘Small Scale Offerings’ has been a great source of capital for thousands of SME companies for about 40 years. Advertising and marketing this type of capital raising is no…
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16th Feb, 2024
Documentation for investors
Documentation for investors
Business Advisory Services Update
Companies seeking to raise funds from investors by utilising Section 708 of the Corporations Act need to ensure that only ‘personal offers’ are made, and that there is no marketing or advertising rel…
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16th Feb, 2024
Documentation for investors
Documentation for investors
Business Advisory Services Update
Companies seeking to raise funds from investors by utilising Section 708 of the Corporations Act need to ensure that only ‘personal offers’ are made, and that there is no marketing or advertising rel…
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13th Feb, 2024
Do small companies need a ‘disclosure document’ to raise capital?
Do small companies need a ‘disclosure document’ to raise capital?
Business Advisory Services Update
NO, this is a MYTH! Section 708 of the Corporations Act gives a special exemption from having to produce a ‘Disclosure Document” for companies undertaking ‘Small Scale Offerings’. This is commonly k…
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