Survival in Difficult Times

Posted in Accountant's Minute Business Advisory Services Introduction Crowd Sourced Funding Equity Raising Early Stage Innovation Company Survival in Difficult Times on Friday, 27 November 2020

Advising SMEs On Funding Opportunities

Accountant's Minute 253

Despite COVID-19 Coronavirus and all of its associated problems Crowd Sourced Funding continued to grow in Australia during 2020 and the Joint Founder and Managing Director of Birchal Pty Ltd, one of Australia’s leading Crowd Sourced Funding Intermediaries, Matt Vitale, expects 2021 to be a “bumper year” for the capital raising market centred on small businesses and medium-sized...

Tags: Birchal Pty Ltd | Budgets | Business Plan | Cashflow Forecasts | Crowd Sourced Funding Offer Document
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Posted in Accountant's Minute Business Advisory Services Introduction Chief Financial Officer Services Survival in Difficult Times on Thursday, 19 November 2020

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 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
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Posted in Budgets & Cashflow Forecasts Accountant's Minute Business Advisory Services Introduction Survival in Difficult Times on Friday, 13 November 2020

Reset Your Practice

Accountant's Minute 251

Welcome to our new format of weekly Business Advisory Services Update articles and videos with presentations by ESS BIZTOOLS and one of our Affiliates where we will discuss various issues relating to the implementation of Business Advisory Services by accountants/business advisors/bookkeepers. Our first presentation “Reset Your Practice” will feature Amanda Gascoigne, Chartered Accountant,...

Tags: business advisory services | Charge Out Rate Calculator For Tradies | COVID-19 | Reset Your Practice
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Posted in Accountant's Minute Budgets & Cashflow Forecasts Business Advisory Services Introduction Cashflow Management Crowd Sourced Funding Equity Raising Early Stage Innovation Company Survival in Difficult Times on Monday, 19 October 2020

Predictive Accounting - Being A Forecaster Instead Of A Historian!

Accountant's Minute 249

Business people are looking for more accurate financial information as to what the effect of their decisions will be on their future operations by utilising 'predictive accounting' which incorporates 'key driver budgeting' to prepare Budgets, Cashflow Forecasts and Predicted Balance Sheets relating to their future operations. In the next COVID-19 Survival Panel webinar will be presented on...

Tags: Budgets | Cashflow Forecasts | Key Components of Cashflow Management | Predicted Balance Sheets | Predictive Accounting
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Posted in Accountant's Minute Survival in Difficult Times on Tuesday, 06 October 2020

Big Changes Made To JobKeeper

Accountant's Minute 248

Big changes made to JobKeeper. The Federal government has announced significant changes to the JobKeeper Program which will apply for versions between now and 31st March 2021. The challenge for accountants is mobilising the support to assist your clients to navigate the ongoing challenges presented by COVID-19 Coronavirus with some of your clients emerging from the JobKeeper support and...

Tags: COVID-19 Coronavirus | Financial Review | JobKeeper | JobSeeker
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Posted in Accountant's Minute Business Advisory Services Introduction Crowd Sourced Funding Equity Raising Chief Financial Officer Services Survival in Difficult Times on Tuesday, 22 September 2020

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 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
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Posted in Accountant's Minute Business Advisory Services Introduction Crowd Sourced Funding Equity Raising Chief Financial Officer Services Survival in Difficult Times on Thursday, 03 September 2020

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, 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
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Posted in Accountant's Minute Business Advisory Services Introduction Crowd Sourced Funding Equity Raising Early Stage Innovation Company Survival in Difficult Times on Wednesday, 29 July 2020

Advisory Services & Business Funding Are Important Products for SMEs

Accountant's Minute 242

“Business Advisory Services” – highlighted by the Commonwealth Bank’s “Accountants Market Pulse” report has been the activity identified by a group of accountants as being their main priority for the next 6 to 12 months – What is happening in your firm? Mark Holton, Director, Smithink Pty Ltd, is a keynote speaker in our next COVID-19 Survival Panel webinar on Friday 31st July at...

Tags: Cashflow | KPIs | Section 708
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Posted in Accountant's Minute Survival in Difficult Times on Tuesday, 14 July 2020

Marketing Success And An Awareness Of Legal Issues For Accountancy Businesses

Accountant's Minute 240

The situation in Victoria is a warning to the rest of Australia! The unfortunate situation in Victoria, relating to the significant increase in cases of COVID-19, has highlighted the ongoing problems for business operators and accountants to be diligent about all aspects of business operations so as to reduce the possibility of severe COVID-19 restrictions being reapplied, which will...

Tags: Legal | Marketing
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Posted in Accountant's Minute Survival in Difficult Times on Wednesday, 24 June 2020

Predictive Accounting Identifies When Funding Is Required!

Accountant's Minute 237

Welcome! Preparing Budgets and Cashflow Forecasts early will identify when additional funding is required. This is a very important consideration as we are about to commence a new financial year – with many more challenges and dangers for businesses that have not taken some time out to plan and think about the funding of their businesses – these will be some of the problems that confront...

Tags: Predictive Accounting
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Posted in Accountant's Minute Survival in Difficult Times on Tuesday, 16 June 2020

Now Is The Time!

Accountant's Minute 236

Welcome! Good news last week for your clients in the building and construction industries and some tradies. The Australian government’s Stimulus Package Number 4 will bring some joy to the building industry, including tradies operating in the house building and renovations industries. In this week’s COVID-19 Survival Panel webinar Peter Towers, Managing Director of ESS BIZTOOLS, will...

Tags: COVID-19
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Posted in Accountant's Minute Survival in Difficult Times on Tuesday, 09 June 2020

What Opportunities Are Available And How Can The Entrepreneurs' Programme Assist?

Accountant's Minute 235

Welcome! In this week’s "COVID-19 Survival Panel" webinar, Andrew Geddes, Accountant Coach/Mentor and Former Chairman of Greencross Ltd (a top 200 ASX company), will present an update on his advice for accountants on how you can assist your small business and medium-sized enterprise clients to navigate through the difficult trading conditions that will confront all businesses as the COVID-19...

Tags: Accelerating Commercialisation | COVID-19 | Early Stage Innovation Company | Entrepreneurs' Program
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Posted in Accountant's Minute Survival in Difficult Times on Wednesday, 03 June 2020

Research & Development Could Be A Positive Outcome From COVID-19

Accountant's Minute 234

Welcome to winter!  It looks like there is going to be plenty of snow in the south and hopefully businesses will be able to recommence operations. Last week Andrew Ward a Foundation Director of Crowdfunding Institute of Australia gave an overview of the crowdfunding industry in Australia.  This week Peter Towers introduces research and development activities into this theme because...

Tags: COVID-19
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Posted in Accountant's Minute Survival in Difficult Times on Tuesday, 26 May 2020

Impact of COVID-19 and Financing of Businesses

Accountant's Minute 233

Welcome to some winter weather!  It’s great to see that some of the States and Territories are opening up for business operations again.  There are going to be plenty of challenges for accountants to respond to, especially as we approach 30th September. In this week’s "COVID-19 Survival Panel" webinar on Friday 29th May at 12-noon AEST, we have a presentation by Jordan Lowry,...

Tags: COVID-19
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Posted in Accountant's Minute Survival in Difficult Times on Thursday, 21 May 2020

It's Accountants' Time to Shine

Accountant's Minute 232

Greetings: we hope that you’re well and you're starting to develop strategies for your clients to emerge from the COVID-19 coronavirus lockdowns with reinvigorated businesses.  We believe that there is a tremendous opportunity for accountants to perform a 'Chief Financial Officer' role for your clients to assist them to survive the very challenging times that will be evident post 30th...

Tags: accountancy business | business advisory services | COVID-19
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Posted in Accountant's Minute Survival in Difficult Times on Wednesday, 13 May 2020

"We’ve Got To Get The Economy Moving Again" – Josh Frydenberg – Federal Treasurer

Accountant's Minute 231

Greetings, we hope that you're well and looking after yourself as well as your clients and that you're communicating with your clients in relation to their reopening strategies. The National Cabinet has started the first tentative steps towards reopening the Australian economy with the release of the three step plan process that is to be implemented, primarily by state and territory...

Tags: COVID-19
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