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Chief Financial Officer Services

10th Sep, 2021
Creating New Services & Effective Communications Is Diversification!
Creating New Services & Effective Communications Is Diversification!
Accountant's Minute 288
The question that many accountants have is “Where do you start on the implementation of a diversification strategy?” It starts with a new service and then effectively communicating that you are offe…
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3rd Sep, 2021
Diversification Includes An Understanding Of Human Resources
Diversification Includes An Understanding Of Human Resources
Accountant's Minute 287
“The future will be vastly different – we will see some clients receiving diversified services which will create greater value for the client’s business, but also the accounting firm” Jordan Lowry, M…
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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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20th Aug, 2021
Diversifying Accountancy Services - Why?
Diversifying Accountancy Services - Why?
Accountant's Minute 285
The CommBank Accounting Market Pulse Report, a few months ago, commented that only 5% of the accounting firms that were surveyed for the production of the report “will not be diversifying services in…
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13th Aug, 2021
Predictive Accounting - An Outstanding Diversified Service!
Predictive Accounting - An Outstanding Diversified Service!
Accountant's Minute 284
Predictive Accounting enables accountants to utilise their skills to assist SME clients to navigate future problems in addition to recording the financial history of what has already occurred. …
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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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28th Jun, 2021
Business Advisory Services Implementation - It’s Time!
Business Advisory Services Implementation - It’s Time!
Accountant's Minute 276
It’s the end of 2020/21 and the beginning of 2021/22.  The CommBank Accounting Market Pulse Report has identified that most accountancy firms will be implementing a broader range of services.&nb…
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31st May, 2021
Business Advisory Services - Where Do You Start?
Business Advisory Services - Where Do You Start?
Accountant's Minute 272
Preparation is important and not trying to answer all potential questions about “Business Advisory Services” at the very beginning. Business advisory services is basically supplying to small busines…
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26th Feb, 2021
Predictive Accounting Services Required By Businesses
Predictive Accounting Services Required By Businesses
Accountant's Minute 261
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…
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5th Feb, 2021
Corporate Communications - A Skill Accountants Need In This New Business Environment!
Corporate Communications - A Skill Accountants Need In This New Business Environment!
Accountant's Minute 258
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…
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18th Dec, 2020
Predictive Accounting Will Help Plan 2021
Predictive Accounting Will Help Plan 2021
Accountant's Minute 256
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 Australasia…
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19th Nov, 2020
Business Advisory Services Profile Very High
Business Advisory Services Profile Very High
Accountant's Minute 252
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…
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6th Nov, 2020
Are Your Clients Ready For Post COVID-19 Recovery
Are Your Clients Ready For Post COVID-19 Recovery
Accountant's Minute 250
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…
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22nd Sep, 2020
Businesses Want Broader Range Of Services To Continue!
Businesses Want Broader Range Of Services To Continue!
Accountant's Minute 247
“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 mean…
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3rd Sep, 2020
Promote Business Advisory Services to Clients Receiving JobKeeper
Promote Business Advisory Services to Clients Receiving JobKeeper
Accountant's Minute 246
"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, Smithin…
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6th Aug, 2018
Creating a High Growth, High Value Business Consulting Firm
Creating a High Growth, High Value Business Consulting Firm
Accountant's Minute 164
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…
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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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26th Jun, 2018
Is Your Accountancy Firm Future Proofed
Is Your Accountancy Firm Future Proofed
Accountant's Minute 158
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…
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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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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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7th Aug, 2017
Consultants Training to Deliver Business Advisory Services
Consultants Training to Deliver Business Advisory Services
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 ‘be…
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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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27th Jun, 2017
Accountants, There Are Plenty of Challenges in 2017/18
Accountants, There Are Plenty of Challenges in 2017/18
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 t…
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20th Jun, 2017
Accountants, Business Plans are "Real Accountants' Work"
Accountants, Business Plans are "Real Accountants' Work"
Welcome to Accountants Minute.  I'm Peter Towers, Managing Director of ESS BIZTOOLS, ESS BASIP and ESS BIZGRANTS. Accountants, business plans are "real accountants' work", and that's what I wan…
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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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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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14th Mar, 2017
CFO's Services - Highly Desirable for Accountants to Provide
CFO's Services - Highly Desirable for Accountants to Provide
Accounting Market Pulse (produced for the Commonwealth Bank) December 2015 edition identified that the main areas of expected growth for accountancy businesses over the period from 1st January 2016 t…
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6th Mar, 2017
Implementing the Next Level An Important Task for Accountants!
Implementing the Next Level An Important Task for Accountants!
Whilst there is some debate as to the degree that individual accountancy businesses will be affected by changes in the marketplace relating to taxation returns, financial advice and superannuation fu…
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1st Mar, 2017
Accountants - Are You Ready for the Next Level?
Accountants - Are You Ready for the Next Level?
There is no doubt that there are changes in the accounting market.  These changes are occurring at an ever faster pace!  How you respond to these changes will significantly affect what your accountan…
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30th Jan, 2017
Do You Have a Strategy for 2017?
Do You Have a Strategy for 2017?
Whilst compliance work is still important, it's no longer the only "game" for accountants/advisors! The key 2017 challenge for accountants and advisors is “responding to client requirements for acco…
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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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5th Dec, 2016
Services Your Accountancy Clients Will Want In 2017
Services Your Accountancy Clients Will Want In 2017
As we get near the end of another calendar year it's an appropriate time for accountants to be asking yourselves what services will your clients want in 2017? There has been a lot of debate over the…
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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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9th Aug, 2016
Delivering a Virtual CFO Service
Delivering a Virtual CFO Service
Do you know that small/medium enterprises have indicated, in numerous surveys over the last 15 years, that they want to receive a wider range of commercial services from someone?  Obviously, that som…
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16th Jun, 2016
Accountants and Advisors – Business Evaluation Helps SMEs
Accountants and Advisors – Business Evaluation Helps SMEs
Do you know that accountants/advisors have been identified as the trusted adviser for small/medium enterprises, to offer a range of non-compliance services in addition to taxation, to help small/medi…
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8th Jun, 2016
Accountants – June is the Time for Business Planning
Accountants – June is the Time for Business Planning
The 30th June is only a few weeks’ away.  It’s a great time to sit down and talk to your clients on formulating formal plans for 2016/17.Business plans are like “maps for tourists”.  If you don’t kno…
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28th Apr, 2016
Accountants – are you delivering Chief Financial Officer services?
Accountants – are you delivering Chief Financial Officer services?
The duties of a Chief Financial Officer (CFO) have been fairly well defined in public companies.  I undertook a review of advertisements for CFOs in public companies and identified some of the key as…
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