ESS BIZTOOLS Podcast (Accountant's Minute)

This episode looks into Issue 350 of Accountants Minute, where accountants are reminded that launching advisory services should be a high priority for the last quarter of 2022/23 financial year. You can also access our podcast on: Amazon Music Apple Podcasts Audible Spotify YouTube  

This episode discusses the key components of the "52-week business enhancement system", which is the main topic of Accountants Minute Issue 349. You can also access our podcast on: Amazon Music Apple Podcasts Audible Spotify YouTube  

This podcast episode is based on Issue 348 of Accountants Minute, which provides commentary on Thomson Reuters' recent White Paper, Leading Australian SMEs in 2023's Changing Economy . You can also access our podcast on: Amazon Music Apple Podcasts Audible Spotify YouTube    

This podcast discusses Issue 347 of Accountants Minute, which explains why accountants and bookkeepers should diversify their services by providing R&D assistance to their SME clients. You can also access our podcast on: Apple Podcasts - https://apple.co/3XQ4p9z Audible - https://adbl.co/3YTdnEh Spotify - https://spoti.fi/3YWjbgj YouTube - https://youtu.be/2rbUNgcbous

Based on the recent report from Commbank's Accounting Market Pulse, "the only limitation they face is the worsening talent shortage." This podcast looks back into Issue 346 of Accountants Minute, where a point was raised on how accountants and bookkeepers are facing this particular issue and ways of overcoming the hurdle of talent shortage.

This podcast episode presented reasons why Business Advisory Services is the best way to add value to your accounting and bookkeeping firm and, in turn, add value to your SME client's businesses.

This episode talks about how you, as an accountant, can guide your SME clients on their "innovation journey" and help them commercialise their inventions. This episode also identifies the steps you need to take with your SME clients to turn their prototype into a profitable, commercial sale product, and mentions a way for your SME clients to claim Research and Development incentives from the gover...

read more: https://www.essbiztools.com.au/ess-biztools-blogs/e-newsletters-a-vital-communication-tool-for-accountants

ESS BIZTOOLS is in the process of reconfiguring our product packages following the strong response we have received from the webinar, presented by the Academy of CPAs (Certified Predictive Accountants) 3 weeks ago, when Adam Hale , partner Summit CPA an American accountant who was described by the Managing Director of PlanGuru as an "accounting industry rockstar" , gave an outstanding overview of...

Peter Towers comments on the following: podcast last week with Andrew Geddes "It's a New Business Model – I think it is going to revolutionise the sector globally." Predictive Accounting webinar presented with Paul Barnaby, Beyond Accounting Technologies; Holiday Package promotion.

Peter Towers, Managing Director of ESS BIZTOOLS and Andrew Geddes, Director of Andrew Geddes Pty Ltd, discuss "Where to for Australian Accounting Industry in 2022-2023"

Accountants are facing a worsening talent shortage according to the recent edition of CommBank's Accounting Market Pulse. In November 2021 "Australian Accounting Guru" Andrew Geddes indicated that " partners of accountancy firms are saying there are not enough young accountants, but no, there are enough of them, they have chosen not to work in the profession because they have been asked to do comp...

Are your clients carrying out research and development activities behind your back? You might be surprised to discover that many SMEs conduct their research and development activities in total secrecy. That's because they've been scared off by blogs and articles warning about confidentiality and protecting intellectual property. Read more: https://www.essbiztools.com.au/index.php?option=com_zoo&ta...

How often do you take the time to step back and catch a high-level view of your accountancy practice and the way it's performing? Most of us are too busy doing the things we do day-to-day to meet our clients' tax needs.  We just don't get the time to take that helicopter view as often as we'd like. Read more: https://www.essbiztools.com.au/index.php?option=com_zoo&task=item&item_id=446&Itemid=639

How often do you take the time to step back and catch a high-level view of your accountancy practice and the way it's performing? Most of us are too busy doing the things we do day-to-day to meet our clients' tax needs.  We just don't get the time to take that helicopter view as often as we'd like.

If you can spare just a few minutes, I'd like you to consider a couple of questions. The answers to these questions could help: reshape the way you do business; pave the way for more interesting and challenging work; produce some very happy clients; and most importantly; create a new sources of revenue. Here's a suggestion. Why don't you print out this article and note the answers next to the ques...

Let's start today with a snap quiz! Did you read last May's Accounting Market Pulse report and seriously think "maybe our accounting firm should be offering those Business Advisory Services to our clients?" Now, eleven months later, have you done anything about it? Read more: https://www.essbiztools.com.au/index.php?option=com_zoo&task=item&item_id=444&Itemid=639

If you want to add a new long-term income stream to your accountancy practice without having to meet those hefty development costs, then keep reading. At  ESS BIZTOOLS , we have developed a new package that will help you to diversify into Business Advisory Services for your clients, without you having to 'reinvent the wheel.' Read more: https://www.essbiztools.com.au/index.php?option=com_zoo&task=...

Our team at ESS BIZTOOLS has created an opportunity for accountants, like you, to offer a broader range of commercial services to their SME clients in a cost effective way. Providing professional Business Advisory Services can add a new stream of income that will flow into your practice and help grow your business. But, for smaller firms, offering new services over and above compliance work is oft...

This article is based on the podcast conversation Andrew Geddes, Accounting Industry Coach with Peter Towers, Managing Director ESS BIZTOOLS – "Challenges for Accountants in 2022": Getting to the starting point What are the things to nail? SME needs review Does a client need funding? Succession planning Read more: https://www.essbiztools.com.au/index.php?option=com_zoo&task=item&item_id=441&Itemid...

Making it easier for you – Access to Business Advisory Services Product Streams without a Contractual Commitment! "Getting to the Starting Point" Development of Product Champions Read more: https://www.essbiztools.com.au/index.php?option=com_zoo&task=item&item_id=439&Itemid=639

How long have you been discussing the implementation of a diversification strategy to introduce Business Advisory Services to your accounting firm? It is nearly 10 months since the CommBank Accounting Market Pulse Report was produced which indicated that 95% of the accounting firms that the CommBank had interviewed had indicated that in 2021 and 2022 they would be "diversifying services". Read mor...

Change is always difficult and there never is a really good time to implement it.  Let's look at the current situation in Australia.  The Reserve Bank Governor's forecast last week, that he expected unemployment to be about 3.7% later this year, highlighted that the Reserve Bank Directors believe that economic conditions are going to be better this year and, in fact, the forecast unemployment perc...

Every accountant that I talk to indicates to me that the market is changing. Some of the issues that are discussed with me include, The Accountants Daily article which indicated that 70% of employed accountants are evaluating their employment prospects elsewhere. Read more: https://www.essbiztools.com.au/index.php?option=com_zoo&task=item&item_id=436&Itemid=639