Chief Financial Officer Services

Many businesses are facing an uncertain economic future and will be looking to their accountants/business advisors/bookkeepers to give them advice as to what the future holds for them.  The key to this advice is for accountants to have the confidence and ability to offer “Predictive Accounting Services” so that their clients have an awareness of the financial implications of the...

Tags: Key Performance Indicators | PlanGuru | Predictive Accounting | Research and Development | Selling the Message | SME Needs' Analysis | Succession Planning
In the past, many accountants were not called upon to be able to display outstanding communication skills, but in the era that we are now in accountants, who wish to broaden their work activities to include Business Advisory Services, need to have cultivated strong written communication skills; have the ability to be able to think critically and translate accounting data and reports into...

Tags: Business Advisory Services Training | COVID-19 | Fair Work Australia | Research & Development | Workplace Health & Safety
In our last Business Advisory Services Webinars/Conversation for 2020 Peter Towers, Managing Director, ESS BIZTOOLS and Paul Barnaby, Managing Director, Beyond Accounting Technologies and Australasian Representative of PlanGuru, discussed the concept that ‘Predictive Accounting’ will be vital in the planning to help clients in 2021. The key aim is to “know the financial impact of...

Tags: Budget | Cashflow Forecast | Predictive Accounting | Profit & Loss Account | Projected Balance Sheet
The Accounting Business Expo was conducted as a virtual conference on Monday 16th and Tuesday 17th November, with one of the most talked about features being the large number of presenters commenting on the introduction of “Business Advisory Services” by accountancy firms.  This is great news, especially for those people who have been advocating, for many years, that accountants need...

Tags: Accounting Business Expo | Accounting Market Pulse | Setting Charge Out Rates For Trades
There are still many challenges ahead for most small businesses and medium-sized enterprises.  Many of your clients will have gained an appreciation of the extra services that you can provide to them following their first-hand experience of assistance from their accountants during COVID-19. The big question now is are your clients ready for the post COVID-19 recovery? There is still a...

Tags: Budgets | Cashflow Forecasts | Chief Financial Officer Services | COVID-19
“The Australian economy is going to be very reliant on a suitable vaccine for COVID-19 Coronavirus if we are going to get the economy operating as it was in January 2020 once again.  In the meantime, the government needs to be a bit more targeted with its financial support and businesses are going to rely on their accountants to guide them on the best way forward for the operation of...

Tags: Crowd Sourced Funding Intermediary | Crowd Sourced Funding Offer Document
"The key group of clients that accountants should be promoting the concept of Business Advisory Services to, are any clients who are receiving JobKeeper payments", said Mark Holton, Director, Smithink Pty Ltd in the previous COVID-19 Survival Panel webinar. These clients were obviously running sound businesses prior to the challenges of COVID-19 and many of them will need your assistance to be...

Tags: COVID-19 | COVID-19 Survival Panel Webinars | Marketing
Welcome to Accountants Minute. Shouldn’t this be your aim as part of your “Future Proofing” Strategy at the commencement of 2018/19? How many of your clients are giving their cash to an “apparently qualified and experienced anyone” who says they can help your clients grow and improve their business? You have the qualifications and experience.  How many of these other...

Tags: business advisory services | Chief Financial Officer Services
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 legally responsible for, once they are appointed a director.  It is this awareness and understanding of a director’s key role and responsibilities that plays a significant role in...

Tags: Corporate Governance | Future Proofing | Section 708
Welcome to Accountants Minute. The CommBank Accounting Market Pulse June 2018 identified a number of service lines, outside of traditional accounting/taxation services, in which some accountants are investing, including: Business Advisory Services Management Consulting Services Risk Management Private Equity Services Accountants need to consider these types of products/services as you...

Tags: Corporate Governance | Future Proofing | Government Grants | Personal Property Securities Register
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 of the economy and as a result our benchmarking research is showing a marked differential in performance among firms of similar size or based in similar geographies.” ...

Tags: Business Plan | Personal Property Securities Register
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 provided by their accountants/business advisors. Have you had a discussion with your "A Class" clients to ask them what type of services they are looking for? Many of these clients are probably going...

Tags: Budgets and Cashflow Forecasts | Business Plan | Personal Property Securities Register
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 Raising has commenced in Australia. Crowd-Sourced Funding has joined Early Stage Innovation Companies as the two very significant corporate vehicles for small/medium enterprises to be able to raise...
Consultants’ training to deliver business advisory services is very important if you’re going to meet the challenge of being able to deliver outstanding new products and services for your clients ‘beyond taxation’. There is an old saying – ‘There is no gain without pain’.  This is very true when it comes to examining how you’re going to go about delivering business advisory...

Tags: business advisory services | Business Plan | Chief Financial Officer Services | Personal Property Securities Register | SME Needs' Analysis
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 their practices by offering a wider range of services, they are not the only skills that are required if you are going to successfully launch your accountancy or consultancy business into...

Tags: Budgets and Cashflow Forecasts | business advisory services | Business Plan | Risk Management
Hello, I’m Peter Towers, Managing Director of ESS BIZTOOLS and ESS BASIP.  Welcome to Accountants Minute. Accountants, there are plenty of challenges in 2017/18 and you probably don’t need me to tell you that. Firstly however, happy new financial year!  I trust that 2017/18 will be a great year for your accountancy business, everyone who works in your firm and all your clients....

Tags: Business Plan