Accountant's Minute 269
The “CommBank Accounting Market Pulse Report” released a few days ago has identified that a survey of accountants all over Australia has identified that the highest rating product that they are planning to offer, or significantly grow, in the next 12 – 18 months is “Business Advisory Services”.
In the survey 81% of “leading firms” and 67% of “lagging firms” identified “Business Advisory Services” as their significant growth service line for 2021 and 2022.
The “Accounting Market Pulse Report”, now in its sixth year of publication, identified “leading firms” as follows:
“We examine the attributes of the firms that are leading the recovery to understand what sets them apart and what lessons could be learnt. We compared how their strategic priorities and investments differ from firms that are “lagging”.
“We defined “leading firms” as those with positive or stable financial, workforce and operational performance in the face of the pandemic across 5 criteria:
Accounting Market Pulse highlighted:
There is no doubt that the Australian accounting market is changing – COVID-19 Coronavirus has emphasised the need for accountants to be offering a wider range of “commercial services” to assist small businesses and medium-sized enterprises, that cannot afford the cost of a full-time accountant on their staff, to be able to get the same benefits that they would have had from that type of employee, but on a virtual basis.
ESS BIZTOOLS has developed a range of products to assist accountants to be able to deliver these services without having to spend hundreds of hours in the development of your own material. To give you an overview of some of the services that you can offer, utilising the ESS BIZTOOLS “Business Advisory Services Product Packages”, you might be interested in the following:
The Accounting Market Pulse Report has clearly identified that all accounting firms should be seriously embarking on a policy of introducing Business Advisory Services so as to maintain loyalty from clients and to be able to offer interesting and varied work to your team, so as to assist with team retention.
To assist you get a better understanding of what is involved with Business Advisory Services we present ongoing free webinars. Why attend these to get a better understanding of Business Advisory Services?
You are most welcome to attend these free webinars:
You are invited to “Book A Demo” on ESS BIZTOOLS with Peter Towers, Managing Director, ESS BIZTOOLS to gain a better understanding of the services that are available within ESS BIZTOOLS and ESS BIZGRANTS?
You can book a demo at www.essbiztools.com.au or contact Peter Towers:
Telephone: 1800 232 088
Have a great day.
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Episode 269 - Business Advisory Services Top of the Charts!
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As their trusted advisor, can you assist your SME clients with business advisory services?