Accountant's Minute 274
The CommBank Accounting Market Pulse report released early in May 2021 identified that the firms that the review team had identified as “leading firms” are “looking to boost staff numbers which reflects their intentions to grow both traditional accounting service lines and diversified services in the coming year”. These firms indicated that “they are preparing themselves for increased activity in tax consulting and tax compliance, as well as Business Advisory Services, Risk Management, Property Advisory, Cyber Security/Technology Consulting and External/Statutory Audit”.
“Across-the-board, 71% of firms will be channelling more effort this year into diversifying their offering beyond traditional accounting services. Only 2% of firms have no such plans, down from 11% 3 years ago”.
The survey identified that Business Advisory Services was the highest rating news service line entry and growth with the proportion of “leading firms” that were planning to enter, or significantly grow, service lines in the next 12 to 18 months being 81% of those firms. 67% of the firms identified as “lagging firms” had also developed diversification strategies targeted at Business Advisory Services.
ESS BIZTOOLS has decided to reach out to accounting firms that are yet to make the commitment to identify with Business Advisory Services by inviting them to consider subscribing to our special Business Advisory Services Starter Package at an upfront discount price of $999 (incl GST) for 12 months for firms who subscribe by 30th June 2021.
The Business Advisory Services Starter Package will enable you to start delivering Business Advisory Services to your clients within a few days of making your subscription. The system includes:
Click here for a Product Brochure on the Business Advisory Services Starter Package.
We are presenting the following free webinars to assist you to gain a better understanding of Business Advisory Services:
Our theme for promotional videos of the last week continued with “Diversifying Services”:
Want To Know More?
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:
Have a great day.
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Episode 274 - Diversifying Services - What Is Your Firm’s Strategy
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