Business Advisory Services

As accountants move from being preoccupied with annual accounts and taxation matters into offering a broader range of professional services, they'll need to develop a more in-depth knowledge of your clients' businesses. Who are their suppliers, where are they located, what's the terms of trade etc. Business Advisory Services matter as you start looking at the development of a role whereby you...
A couple of weeks ago CommBank released their June 2020 “Market Pulse Report” which identified that the accountants, who had been surveyed, had nominated “Business Advisory Services” as the “practice area expected to be in most demand” in the next 6 to 8 months. This has contributed to a lot of discussion from accountants and business advisors as to “where do you start to offer...
Breakeven Analysis is very important for your business clients to understand, because this is the point where the business knows whether it has made a profit or a loss.  It's the starting point for the generation of profits within a business. I think it's important that, irrespective of whatever role you're playing with your accountants, preparing accounts and income tax returns or...
The only type of entity that can claim the Research & Development Incentive is a company. Those companies have to have a turnover of $20 million to be able to claim the 43.5% rebate on eligible research & development expenditure. For companies with turnovers over $20 million, the rebate to be claimed is 38.5%. Companies must have expended $20,000 in a year to be eligible for the...

Business Advisory Services - Leadership Team

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Today I want to discuss the leadership team. If you're going to be supplying a broader range of professional services, what we call Business Advisory Services, to your clients then being able to assist in mentoring & training of the members of the leadership team on financial matters & corporate governance will, in many cases, be a very important component of the services that you're...