Accountant's Minute

Posted in Accountant's Minute Research and Development on Friday, 09 April 2021

Legal Issues Relative to Research & Development

Accountant's Minute 267

In the most recent ESS BIZTOOLS’ Business Advisory Services Webinar/Conversation, Matthew Karakoulakis, Principal Legal Officer of AMK Law discussed with Peter Towers, Managing Director, ESS BIZTOOLS a range of legal issues that affect inventors and small companies as they undertake research activities. Matthew Karakoulakis indicated that, to protect the investment that has been made in a...

Tags: Boost Legal Template | Confidentiality Agreement | Nondisclosure Agreement | Research and Development | Research and Development Incentive Rebate | Trade Secret Agreements
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Posted in Accountant's Minute Business Advisory Services Introduction Early Stage Innovation Company Research and Development on Friday, 26 March 2021

Research & Development Can Assist Accountants To Differentiate Their Firms

Accountant's Minute 266

Mark Holton, an Accountancy Industry Consultant and Director of Smithink Pty Ltd, discussed with Peter Towers, Managing Director, ESS BIZTOOLS the opportunities that accountants have to differentiate their firms by proactively advising clients on research and development opportunities and the taxation benefits that they can obtain from the proper implementation of a research and development...

Tags: Accelerating Commercialisation | Early Stage Innovation Company | Research & Development Incentive Rebate
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Posted in Accountant's Minute Crowd Sourced Funding Equity Raising Early Stage Innovation Company on Friday, 19 March 2021

Differentiation Can Be Very Rewarding - Offering Research & Development Services Helps!

Accountant's Minute 265

“Research and development services can help an accounting firm to differentiate itself in a market that, from a business operator’s perspective, most accountants look very similar” said Mark Holton, Director, Smithink Pty Ltd. Research and development can be just as important as: board of advice strategies; business review meetings; or assistance with raising capital as a Crowd...

Tags: Business Tree Pty Ltd | Research & Development Incentive Rebate | Smithink Pty Ltd
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Posted in Accountant's Minute Business Advisory Services Introduction Crowd Sourced Funding Equity Raising Early Stage Innovation Company Research and Development on Friday, 12 March 2021

Converting Research & Development To “Return On Investment"

Accountant's Minute 264

Are companies giving sufficient priority to determining return on investment as part of the decision as to whether to proceed with a research and development project?  This will be the theme for the conversation between Peter Towers, Managing Director, ESS BIZTOOLS and Peter Milla, Managing Director, Business Tree Pty Ltd, an experienced innovation consultant, in the ESS BIZTOOLS’...

Tags: Assignment of Intellectual Property Agreements | Australian Government's 50% Guaranteed Loan | Brad Smart's Tip of the Week | Business Tree Pty Ltd | Confidentiality Agreements | Government's Post JobKeeper Announcements | JobKeeper Support Program | Research & Development | Selling the Message
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Posted in Accountant's Minute Business Advisory Services Introduction Research and Development on Tuesday, 09 March 2021

"Research & Development Shouldn’t Be In The “Too Hard” Basket!”

Accountant's Minute 263

“Some of the red-tape binding together the Federal government’s Research and Development Tax Incentive (RDTI) scheme is enough to make your head spin. As a concept, these tax incentives are great; no one’s disputing that. However, while the RDTI can make the costs of creating local innovations a lot less painful, the maze involved in even getting to the starting gate of a claim, is...

Tags: RDTI | Research & Development Incentive Rebate
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Posted in Accountant's Minute Budgets & Cashflow Forecasts Business Advisory Services Introduction Capital Raising under Section 708 of Corporations Act Crowd Sourced Funding Equity Raising Early Stage Innovation Company Research and Development on Friday, 05 March 2021

Imminent Cessation of JobKeeper Highlights Challenges for Accountants

Accountant's Minute 262

In the ESS BIZTOOLS’ Business Advisory Services Webinar/Conversation on Wednesday 10th March 2021, Peter Towers, Managing Director, ESS BIZTOOLS will discuss with Priscilla Bea Smith, Director, Cloud Nine Associates some of the important issues on which small business and medium-sized enterprise owners and CEOs are seeking advice: Preparation of Budgets and Cashflow Forecasts for the next...

Tags: Australian Government 50% Guaranteed Loans | Budgets | Capital Raising under Section 708 of Corporations Act | Cashflow Forecasts | Crowd Sourced Funding Equity Raising | Early Stage Innovation Company Capital Raising | Key Drivers | PlanGuru | Predictive Accounting | Projected Balance Sheets | Research & Development
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Posted in Accountant's Minute Business Advisory Services Introduction Chief Financial Officer Services Debtors’ Management System Key Performance Indicators Research and Development Selling a Business SME Debtors’ System Manual Succession Planning on Friday, 26 February 2021

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 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
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Posted in Accountant's Minute Business Advisory Services Introduction Buying a Business Debtors’ Management System Early Stage Innovation Company Research and Development Selling a Business Succession Planning on Friday, 19 February 2021

Smaller Accountancy Firms Can Benefit By Delivering Business Advisory Services

Accountant's Minute 260

There is a range of services beyond taxation, that smaller accountancy firms can provide to their SME clients, to assist those businesses to grow and add value. Amanda Gascoigne, an experienced Consultant to smaller accountancy firms, together with Peter Towers, Managing Director, ESS BIZTOOLS are the presenters of the ESS BIZTOOLS’ Business Advisory Services Update Webinar/Conversation on...

Tags: Accelerating Commercialisation Grant | Gateway Test | Principles' Test | Research & Development Incentive Rebate | Selling the Message
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Posted in Accountant's Minute Early Stage Innovation Company ESS BIZGRANTS on Friday, 12 February 2021

Using Research & Development To Add Value To Companies!

Accountant's Minute 259

Research and development is an area that many accountants have very little experience in, but it is an area that many small business and medium-sized clients are interested in having a clear understanding of what they can claim in their income tax returns and what government grants and special company status is available to assist them on their research and development and commercialisation...

Tags: Accelerating Commercialisation Grant | Business Advisory Services Update Webinars_Conversations | Early Stage Innovation Company | Research & Development Incentive Rebate | Research & Development Journey | Selling the Message | Strategic Plans | Trusted Advisor
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Posted in Accountant's Minute Expert Tips: Business Advisory Services Chief Financial Officer Services Research and Development Strategic Business Mentoring on Friday, 05 February 2021

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 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
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Posted in Accountant's Minute on Friday, 29 January 2021

A Year That Could Be Both Daunting and Positive

Accountant's Minute 257

The challenge at this time of the year for accountants is helping your SME clients set their plans for 2021. Now is the time for business operators, both medium-sized and small, to be planning their business activities as best they can for 2021.  Many of your clients are going to need assistance in setting their strategies for this year which, hopefully, will be different to 2020. Our...
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Posted in Accountant's Minute Budgets & Cashflow Forecasts Business Advisory Services Introduction Crowd Sourced Funding Equity Raising Chief Financial Officer Services on Friday, 18 December 2020

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 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
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Posted in Accountant's Minute Budgets & Cashflow Forecasts Business Advisory Services Introduction Crowd Sourced Funding Equity Raising Early Stage Innovation Company on Friday, 11 December 2020

Predictive Accounting Helps Understand Impact of Decisions

Accountant's Minute 255

Knowing the financial impact of decisions before a client implements them is very important for financial stability.  This process is generally known as “Predictive Accounting”. The process commences with an examination of the key drivers relative to the physical number of units to be produced and the calculation of the direct costs that will be involved in that process.  The...

Tags: Budgets | Cashflow Forecasts | Predictive Accounting
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Posted in Accountant's Minute on Thursday, 03 December 2020

Planning Activities For 2021

Accountant's Minute 254

If you haven’t already started, now is the time to be thinking about the services that your accountancy firm is going to offer to your clients and prospects in 2021. We will all be glad to see the end of 2020, but many challenges still exist.  There are thousands of businesses around Australia still on the JobKeeper program and many businesses are not performing at full capacity,...
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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 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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