ESS BIZTOOLS Podcast (Accountant's Minute)

In this episode of Accountants Minute podcast, Peter Towers, Managing Director of ESS BIZTOOLS , explores the crucial role of systems in 'scaling up' SMEs. Drawing from real-world business insights and MYOB research, Peter discusses how poor debtor management, inadequate supplier agreements, and lack of cash flow planning contribute to SME failures. He highlights the importance of structured proce...

In this episode of the Accountant's Minute Podcast, Peter Towers, Managing Director of ESS BIZTOOLS , dives into the critical role that systems play in SME success. Drawing from MYOB research and real-world business case studies, Peter highlights how poor implementation - or complete absence - of financial and operational systems leads to cash flow crises, supplier issues, and mounting tax liabili...

In this episode of The Accountant's Minute Podcast, Peter Towers dives into the critical role accountants, bookkeepers, and business advisors play in helping SMEs thrive. With 91% of business owners identifying growth as their biggest challenge, Peter discusses how structured financial systems, predictive accounting, and strategic business planning can drive sustainable success. He highlights the...

In this podcast episode, Peter Towers, Managing Director of ESS BIZTOOLS, discusses the growing challenges faced by SMEs, including financial pressures, high debt levels, and business closures. He emphasises the crucial role of accountants, bookkeepers, and business advisors in providing proactive financial and commercial advisory services to help SMEs navigate these difficulties. Peter highlights...

In this episode of The Accountants Minute Podcast, Peter Towers discusses the significant challenges SMEs will face in 2025. He highlights the critical need for SMEs to have access to real-time financial and commercial advisory services beyond just annual tax returns. Drawing from his experience in corporate financial management, Peter emphasises the importance of proactive financial reporting, ke...

In this final Accountant's Minute podcast episode for 2024, Peter Towers emphasises the critical role accountants, bookkeepers, and business advisors play in guiding SMEs through increasingly challenging times. Amidst high interest rates, inflation, and business failures, SMEs are struggling with fiscal management, cash flow issues, and a lack of strategic financial guidance. Peter underscores tha...

In this episode of Accountants Minute, Peter Towers explores how the Business Plus Newsletter equips accountants, bookkeepers, and business advisors with the tools to empower SME clients for success. As SMEs face rising challenges like high interest rates, inflation, and market uncertainty, Peter emphasises the need for proactive financial and commercial advisory services. The Business Plus Newsle...

In this episode of Accountants Minute Podcast (based on Issue 388), we explore the transformative power of advisory services and how they can future-proof your firm in an ever-evolving business landscape. As traditional compliance-based roles face increasing automation and market competition, firms must pivot toward offering strategic insights that deliver measurable value to their clients. Peter...

In this insightful episode of Accountant's Minute (based on Issue 387), Peter Towers, Managing Director of ESS BIZTOOLS, dives deep into the transformative role accountants can play in small and medium-sized enterprises (SMEs) by adopting a proactive advisory approach. He emphasises the limitations of traditional accounting practices that focus solely on tax returns, which often reflect past perfo...

In this episode of Accountants Minute Podcast, Peter Towers, Managing Director of ESS BIZTOOLS, dives into the essential role of accountants and advisors in supporting SMEs through challenging economic conditions. Peter explores the gap in advisory services offered to SMEs and highlights how accountants can transform their approach by offering comprehensive virtual CFO services, leveraging modern...

The success of SMEs in challenging economic times is increasingly tied to the advisory services provided by accountants. High interest rates, inflation, and business failures are creating significant hurdles, and many SMEs lack the fiscal management skills needed to navigate these issues. Accountants can play a vital role by offering continuous, year-round support, helping with debtor management,...

In this episode of the ESS BizTools podcast, host Peter Towers, Managing Director of ESS BizTools, introduces the Tradie Charge Out Rate Calculator, a powerful tool designed to help tradespeople accurately determine their charge-out rates. The article emphasises the importance of setting rates that not only cover costs but also ensure profitability and business growth. By using this calculator, tr...

In this episode of the ESS BizTools podcast, host Peter Towers, Managing Director of ESS BizTools, delves into the significant opportunities that equity financing presents for accountants. The article highlights how accountants can play a crucial role in guiding businesses through the complexities of raising capital, particularly through equity financing. Key topics include understanding the vario...

In this episode of the ESS BizTools podcast, host Peter Towers, Managing Director of ESS BizTools, explores the dynamic challenges and emerging opportunities within the accounting profession. The article emphasises the need for accountants to adapt to a rapidly changing business environment, where technological advancements and evolving client expectations are reshaping the role of financial profe...

In this episode of the ESS BizTools podcast, host Peter Towers, Managing Director of ESS BizTools, delves into the evolving landscape of accountancy with a focus on how advisory services are shaping the future of the profession. The discussion centers around the increasing demand for accountants to go beyond traditional tax and compliance roles, taking on the mantle of strategic advisors who guide...

In this episode of the ESS BizTools podcast, host Peter Towers, Managing Director of ESS BizTools, is joined by Trevor Marchant, Managing Director of Marchant Dallas. They discuss crucial financial management and advisory strategies for small businesses and entrepreneurs, particularly emphasising the need for thorough fiscal preparation before starting a business. The conversation highlights the o...

Featuring Trevor Marchant of Marchant Dallas, this podcast discusses the latest article produced by The Boss Factor Library.

The '2024 NAB Accounting and Financial Planning Report' revealed that 85% of surveyed Accounting Firms are "offering business strategy", emphasising the growing importance of Advisory Services in the Accounting Industry. While the report highlights the significant role of 'Advisory Services', it prompts a crucial question: Is your Accountancy/Bookkeeping Firm prepared to 'DELIVER BUSINESS ADVISORY...

This podcast episode recaps Issue 357 of Accountants Minute, the fifth segment of the discussion with Andrew Geddes about important issues currently facing the Accounting industry. You can also access our podcast on: Amazon Music Apple Podcasts Audible Spotify YouTube

When Andrew Geddes speaks, smart accountants listen – they'd be crazy not to! This podcast episode recaps issue 351 of Accountants Minute, where we highlight our recent interview with Andrew Geddes, a co-founder of the FMRC and former Chair of Greencross Pty Ltd. Andrew issued a timely warning to accountancy firms that they need to diversify and to do it now. This episode also provides the why and...