Posts by Smithink
Here come the roaring 20s
Hey there aspiring flappers. Get out those pearl necklaces, put on those drop-waist dresses and go find that Art Deco architect for the roaring 20s may be coming again. With governments throwing money around like confetti and pandemic savings rates very very high, as those trips to Aspen have been reduced to costless Zoom calls,…
Read MoreTechnology and Services Challenges for 2021
Well, 2020 is over an out and in my opinion good riddance! So, what lies ahead for the accounting profession in 2021? As we battle with COVID-19 and its lingering effects, let’s consider a few technology and service trends that may influence how we do business moving forward. Here are my top five for 2021;…
Read MoreCOVID-19 and Your 2021 Business Advisory Plans
Well, the last ten months have certainly been a challenge….a somewhat unexpected challenge that is! Many firms I have spoken to tell me they have been extremely time poor and have been confronted by how to: Manage staff working at home and associated workflow issues; Deal with multiple client questions, demands and management issues around…
Read MoreBurn Out
In any year, as we lead up to Christmas, a level of burn out starts to appear. Tax compliance work for accountants ramps up in these months. The pressure mounts. Stresses and strains in the practice become more apparent. And of course in 2020 the pressure cooker has been turned up a few notches. It…
Read MorePinnacleHPC + Ronald McDonald House
Melissa Oberholzer from PinnacleHPC makes a difference for seriously ill children and their families. As Melissa Oberholzer tied the knot last September, she and her partner Simon Zanotto took it as an opportunity to give back. Melissa is a Manager at Griffith NSW based accounting firm PinnacleHPC: www.pinnaclehpc.com.au The couple made a donation in lieu of…
Read MoreBuilding a business advisory brand
In today’s dynamic accounting market brands are so much a part of our day to day lives that we forget how much we depend on them. Look at successful businesses like McDonalds, Qantas and Coca Cola for example. Their brand is well recognised and the market knows what goods and services they offer. Whenever I…
Read MoreCaring – new post COVID-19 world
It’s always interesting to see unusual developments that come about from changes that happen in our world. The motor car ushered in suburban sprawl, shopping malls, drive in movies and the rest. The internet is driving so many changes in so many areas of life. Now we have COVID-19 which is also driving significant change.…
Read MoreThe Power of One – The Key Advisory Opportunity
Every business has a code that underpins the way they operate from a financial viewpoint. Not knowing your code is like walking through a maze blindfolded. The code of any business consists of the four drivers of profit and three drivers of the balance sheet. The four drivers of profit are: Price Volume Direct costs/Cost…
Read MoreWhat lies ahead for Professional Service Firms in 2020?
This month I thought we would do something a bit different and examine an article from a fellow thought leader and long-term supplier to the profession both in Australia and New Zealand. I recently stumbled across the following article from Dave Birch of smartAR and thought you may be interested in reading it. Some good…
Read MoreThe power of digital marketing – COVID-19 has proven it
In the early days of the COVID-19 crisis, some firms quickly got on the front foot and ramped up their digital marketing activities. For many it has been a highly successful experience with new clients being won and relationships with existing clients deepened. Many other firms have been highly sceptical that new business can be…
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