Serious About Advisory Services?
Advisory Services News - Issue 65
Good day!
Welcome to this update on ESS BIZTOOLS ADVISORY SERVICES NEWS.
SERIOUS ABOUT ADVISORY SERVICES?
THE ESS BIZTOOLS’ ADVANCED PACKAGE GIVES YOU A COMPREHENSIVE SERVICE
The contents of the Advisory Intro Package and the Starter Package are included within the Advanced Package developed by ESS BIZTOOLS to assist Accountants and Bookkeepers to deliver a wide range of commercial services to assist SME clients to survive.
Our philosophy is that Accountants in public practice and Bookkeepers can provide business improvement systems for the benefit of their SME clients whilst offering services that will be interesting and challenging for your accounting team thus contributing to talent retention and talent attraction and contributing income for a range of services not traditionally supplied by Australian accounting and bookkeeping firms.
With today’s technology, software and communications facilities Accountants in public practice and Bookkeepers are able to supply a range of services similar to the services that a full-time Accountant/Chief Financial Officer supplies to a larger business. These are the services that will assist SMEs to overcome the very difficult trading conditions that high interest rates, high inflation and uncertainty have created.
In summary the SME market deserves a more comprehensive accounting service that is just not focusing on the Income Tax Return and Annual Financial Accounts being the all important document for an SME.
Unfortunately, the Annual Taxation Return does not give the SME client real-time financial and business metric information to assist with the day-to-day operations of the business.
Business operators also require regular monitoring of other critical information relating to:
- Business funding – are additional loans or perhaps equity required in the business?
- If equity is required – your client will require input on the capital raising opportunities available for Australian small medium enterprises.
- Business’ embarking on an innovation journey require assistance in areas including – research and development – applications for major government grants – corporate governance – commercial risks.
- Some of these items also apply to businesses that wish to “scale up” their operations.
The Advanced Package developed by ESS BIZTOOLS assists Accountants and Bookkeepers to introduce these commercial concepts to your clients.
GETTING STARTED:
Whilst there is no additional information included within getting started the Advanced Package includes resources that were introduced as part of the Advisory Intro or Starter Package including:
- Business Advisory Services Firm Training
- SME Needs Analysis
- 10 training sessions per annum – one hour group training sessions directly relating to a component of the Advanced Package.
- Promotional activities that will assist in the SME community understanding that your firm understands Advisory Services!
These services were introduced in the Advisory Intro or Starter Packages including:
- Business Plus Newsletter
- Client Mentoring and Coaching Modules – in this package 12 preprepared modules ready for Accountants/Bookkeepers to use to communicate with your clients in a way that identifies that your firm has an understanding of commercial issues beyond taxation.
- Client Seminars – in this package 36 seminars/webinar templates prepared for your firm to utilise to promote services to your clients.
Critical Components of Advisory Services contained within the Advanced Package:
A subscriber to the Advanced Package has access to 580 papers covering 68 subject headings that can be badged with the firm’s name and forwarded to clients and prospects.
- Business Health Checks
Business mentoring for 5 separate industries which enables the development of Key Performance Indicators and Business Metrics for a SME client. - Business Planning
A detailed manual of resources to assist in the development of Business Plans for SME clients for a wide range of business categories. - Cash Flow Management
Introduction to Predictive Accounting Reports – a package of material to assist your clients to have an understanding of a range of concepts relative to cash flow and the introduction to Predictive Accounting Reports including:
- Cash Flow Cycle Calculation Chart
- Work In Progress
- Stock Evaluation
- Creditors
- Debtors
- Key Performance Indicators and Ratios
- Budgets for Individual Business Operations
- Key Drivers – Inventory – Production – Finished Products – Debtors – Creditors
- Cash Flow Forecast
- Projected Balance Sheet
- Source and Application of Funds
- Chief Financial Officer Services
An overview of the key services that could be provided by an accountancy firm implementing the role of the Chief Financial Officer for a client including:- Business Evaluation Workshop
- Duties of the Chief Financial Officer
- Company Secretarial Duties
- Debtors Analysis
- Stock Analysis
- Creditors Analysis
- Identification of Business Funding Emerging Issues
- Monthly Financial Report
- Business Valuation
- Raising Capital
- Risk Management
- Asset Protection
- Understanding The Business – 1 Inch Wide and a Mile Deep
- Crowd Sourced Funding Equity Raising Package
The legislation is targeted at companies with turnovers less than $25 million and gross value of assets of less than $25 million where the company is not listed on a stock exchange anywhere in the world.
The product package includes articles explaining how Crowd Sourced Funding operates.
Subscribing firms receives a comprehensive package covering:- The role and responsibilities of the Crowd Sourced Funding Intermediaries.
- Documentation to assist with the preparation of the Crowd Sourced Funding Offer Document.
- Other information relating to the preparation of the Business Plan, Predictive Accounting Reports, and other documentation that supports the Company Directors’ vision for the company.
- Early Stage Innovation Company
This product package includes briefing documents on the key components of the amendments made to the Income Tax Act to facilitate the legislation for Early Stage Innovation Companies.
The product package includes:- An Early Stage Innovation Company Calculation that has been developed to assist in the determination of a company’s eligibility under the Gateway Test and the Principles Test.
- Included are a comprehensive list of documents that we believe should be produced as the supporting documents for a company claiming to have self-qualified under the Gateway Test so that these documents are available for subsequent review by the Australian Taxation Office but more importantly in the negotiation with potential investors to highlight the documentation that the company has assembled relative to supporting the company being assessed as an Early Stage Innovation Company.
- Documentation templates are also provided for the answers to the Principles Test questions as these submissions are required to be submitted to the Australian Taxation Office as supporting documentation for the Directors’ Application for the company to be deemed to be an “Early Stage Innovation Company”.
- Personal Property Securities Register
This product package supplies templates for the documentation of the status of a business relating to key components of items that could be challenged if not registered on the Personal Property Securities Register including:- Retail businesses
- Restaurants
- Hospitality business
- Trades and contractors
- Wholesale suppliers
- Livestock
- Farmers’ crops
- Equipment renters
- Ingredients suppliers
- Paintings and works of art
- Manufacturers
- Farm supply
- Livestock feed supply
- Thoroughbred horses
- Construction businesses
- Protection of a business from liquidator’s claims
- Research and Development Complete Package
This package covers the Research and Development Journey from the client asking an initial question – “how does the Research and Development Tax Incentive operate?” Through to the completion of the documentation to be lodged with AusIndustry each year if the company is undertaking Research and Development Activities and the process for the claiming of the Research and Development Expenditure in the company’s Income Tax Return.
Template forms are provided for a wide range of subjects that could arise as part of the Research and Development Activities.
13 Flowcharts have been prepared to assist in the identification of the Research and Development Process to your clients.
13 Papers are included that explain the various components of Research and Development Treatment from the initial enquiry – “what does research and development relate to?” Through to the processes to be completed for the lodgement of the required returns with AusIndustry and the Australian Taxation Office. - Strategic Business Mentoring
Is a selection of articles if a Director of your firm is invited to be the Executive Director of a company. This is a summary of some of the assignments that could be allocated to this position basically relating to achievement of the business objectives, coordinating the work involved in business development projects, mentoring the CEO and in general terms assisting the Board of Directors understanding of their roles as if the company was a listed public company. - 52 Week Business Enhancement System
This is a package of accounting services which could be delivered every week of the year involving:- Daily Reports – designed to suit the client’s requirements.
- Weekly Performance and Profitability Reports including Key Performance Indicators and Business Metrics.
- Monthly Financial Accounts with comparison to Budgets and identification of Budget/Actual Variances Key Performance Indicators/Business Metrics.
- Monthly Financial Report for consideration by the Owner/CEO, Board of Directors or Board of Advice.
- Government Grants – weekly report
- Trades Charge Out Rate Calculator
- Professional Services Firms Charge Out Rate Calculator
- Setting Retail Price Calculators
- Buying A Business
- Debtors’ Management
- Debtors Systems Manual
- Selling a Business
- Business Evaluation Workshop
The ESS BIZTOOLS Advanced Package offers the tools and resources and ongoing training together with promotional material that will equip your firm to confidently offer a broad range of Advisory Services to improve the chances of success for your clients during these challenging times.
If this article creates questions you would like to receive answers to, please send us an email: .
BLACK FRIDAY PROMOTION
Advanced package with 50% discount 12 months access 24×7
Or
3 months package $854 including GST
THIS SPECIAL OFFER IS OPEN UNTIL 10 DECEMBER 2024
you would like a one-on-one complimentary review Zoom meeting with our Founder and Managing Director, Peter Towers please email us at
Thank you for your interest in the ESS BIZTOOLS Starter Package we look forward to having a conversation with you – STAY SAFE AND HAVE A GREAT DAY!
