Accountant's Minute

Former Greencross Limited Chairman, Andrew Geddes, believes the new capital-raising process, Crowd Sourced Funding Equity Raising, could be a real wake-up call for small and medium sized companies to expand. “Raising capital places as lot of pressure on businesses to justify that they’re worth lending to” said Mr Geddes, a highly experienced public company director. “To raise capital,...

Prepared from an interview with Andrew Geddes, Public Company Director, Consultant to Accountants and businesses wishing to “Scale Up” included within the webinar “All Female Business Very Popular”.  Click here to view the webinar. Crowd Sourced Funding: Knowledge is the Key: The former Chairman of Greencross Limited and Accountancy Industry Consultant, Andrew Geddes, believes...

Shebah Rideshare Pty Ltd broke the Australian record for the largest Crowd Funding Equity Raising deal to date recently. The intermediary company which acted for Shebah, Birchal announced that $3 million was raised from 2,117 investors which tops the previous record of $2.6 million held by digital banking start up Xinja. Birchal said that, prior to this offering, Shebah had been “dismissed...

Who would have thought that Crowd Sourced Funding Equity Raising (CSF) would have had such a rapid uptake as a way for small and medium sized businesses to raise capital, especially as it’s so new! Well, it’s happening. Over $22M has already been raised as capital for small and medium sized businesses in less than five months. By anyone’s yardstick, that’s a great success, and the...

By now you will probably have heard about Crowd Sourced Funding Equity Raising (CSF) and just how powerful an option it is for your small and medium sized business clients to raise capital from the public. There’s certainly a lot of buzz in the accounting industry at the moment. While you may have heard about the concept in general, perhaps you aren’t completely up on all the details and...

A sure way to be rewarded with new revenue streams is to be a progressive and innovative accountancy firm, always open to new business ideas which could help your clients build a future for their companies! A number of accountancy firms are already benefiting from the introduction of Crowd Sourced Funding Equity Raising, which finally became legal here in Australia for small proprietary...

Let me be blunt. You are running out of time! If you want to discover how your SME clients can raise capital without throwing themselves at the mercy of the banks, and, how your accountancy firm can profit substantially from new revenue streams... then yes, you really are running out of time. Why? Because, we at ESS BIZTOOLS, are offering a 40% discount on all the...

Helping SME (Click here) clients raise capital can be a funny process and when confronted with ideas like Crowd Sourced Funding Equity Raising (Click here), it’s understandable that your first reaction may be to put up barriers. Oh yes, we’ve all seen tax schemes over the years, like feature films and jojoba plantations, that end up going pear-shaped, leaving your clients asking ‘So,...

It’s sad, but true. Tax compliance work alone isn’t going to keep your practice running in the years to come. Recent research amongst the Top 100 accountancy firms (Australian Financial Review) clearly shows that accountants must start looking for alternative income streams, if they’re going to survive in the 2020s. Financial Review Top 100 Accounting Firms 2018 (Click here) 2018...

How often do you stay in contact with your SME clients? Is it just once a year to remind them it’s tax time again, or maybe, every three months for their quarterly BAS? Well, if that’s the case, then here’s the big question. Why aren’t you keeping your clients ‘top of mind’ and contacting them whenever any new development that might help them comes across your desk? SME clients...

Have your clients, as part of their New Year resolutions, asked themselves….  “Am I getting everything I should be getting from my accountant?” When you hear of new, innovative ideas in the world of accounting, is your first reaction to say “Oh well, my clients wouldn’t be interested in that”? Do you really know your clients as well as you think you do? It’s a fair...

When you hear of new, innovative ideas in the world of accounting, is your first reaction to say “Oh well, my clients wouldn’t be interested in that”? Do you really know your clients as well as you think you do? It’s a fair question for everybody in business. For accountants and other professional advisors, who know some of their clients’ more intimate secrets, it’s even more...

If so, have you claimed Crowd Sourced Funding Advisory Services as one of your specialities?  If you have… congratulations, but not many accountancy firms have done this, at this stage.  Would you be happy with this objective? “Your accountancy firm will have “ownership” of the Crowd Sourced Funding Equity Raising preparation tasks by proactively implementing a Crowd Sourced...

According to Kate Carnell, the Australian government's Small Business Ombudsman, more than 25% of small and medium enterprise loans are being supplied by the parents of small and medium enterprise owners. The “Bank of Mum and Dad” is being forced to fund more than 25% of small and medium enterprise loans because of the credit crunch which is being worsened by fallout from the Banking Royal...

Advisory work is on the increase for accountancy firms as indicated by the 2018 Top 100 Accounting Firms Survey conducted by the “Financial Review”: “Number Crunchers Follow the Big Four into Advisory”. The report indicated that the top 100 accountancy firms “grew by an average of 11.5%, thanks to their surging consulting divisions even as growth in core compliance work has...

Medium-sized companies, turnover $2 million to $25 million, are a prime group of clients to whom accountants could consult relative to their directors’/management’s vision for the future to determine whether they're interested in raising capital as a Crowd Sourced Funding company. These companies could be interested in “scaling up” their businesses to the next level, or even beyond but...