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Why is my AI behaving like a toddler?
I was so excited. The answer to all my questions, the increase in my efficiency, the road to a better life, was right before my eyes as I fired up the latest AI marvel. Why am I both amazed at what it can do for me and equally disappointed at the same time? Why does…
Read MoreAccountants should be key providers of financial advice
“I’ve been lucky to get some good overtime, but I’m being taxed quite a bit. Should I salary sacrifice into my partner’s super? Debt recycle? Or just stay the course with working, saving, and paying down the mortgage?” This is the kind of question accountants are frequently asked. And naturally so. Accountants are among the…
Read MoreDeveloping the Best Diversified Income Model for Your Accounting Firm
Are you looking to accelerate your accounting firm’s growth through diversified income channels? Many firms find that their traditional business advisory services need to perform better, with stagnant revenue growth and slim profit margins. Successful diversification into business advisory services can often feel elusive. With increasing pressure on fees for compliance and transactional services, now…
Read MoreBecoming a Memorable Leader
As an ambitious leader, you want to be someone that people recognise and remember, don’t you? Being a memorable leader can be easy because people tell their “horror stories” fairly regularly. If you think back on the leaders who stand out in your mind, it’s probably the ones who made mistakes who are remembered. You…
Read MoreBuilding an Accountability Culture Without the “Baseball Bat”
Creating a culture of accountability in professional service firms is a significant challenge. Many firms struggle with implementing an effective framework and process for being accountable. Challenges in Accountability A major hurdle is maintaining accountability in director or partner meetings. It’s difficult to hold others accountable when you haven’t fulfilled your own commitments. These meetings…
Read MoreHow do accountants compete in a changing landscape? A digital adviser could be the answer.
Accountants are bracing themselves for another busy season. It’s all the harder, as most practices face the same staff issues. Labour markets are still tight, and good staff are hard to find and expensive to recruit and retain. It leaves little time to devote to the idea of growing or future-proofing your practice. The financial…
Read MoreRunning Effective Advisory Board Meetings: Tips and Best Practices
What are advisory board meetings? An advisory board meeting is a collaborative and structured gathering where an organisation engages with a group of advisors and stakeholders to seek expert guidance and insights. Running advisory board meetings for clients can be crucial for providing valuable guidance and support to your clients and enhancing the value of…
Read MoreBuilding the Future of the Accounting Profession
Mentorship of young professionals is a critical part of accounting firm team development. Mentorship enhances the skills and knowledge of young accountants and fosters a culture of continuous learning and professional development. In this article, we will explore the importance of mentoring, the benefits it brings to both the team members and the firm, and…
Read MoreDo we really need all this complexity?
This modern world is getting so complicated. There are complex accounting standards, ESG reporting, gender equality reporting, WH&S, and countless HR policies. There are surveys for almost everything. The list is endless. I sometimes wonder how anyone can make a profit. This complexity also brings some danger. Solutions can often be simpler than they appear,…
Read MoreZero Tolerance for Process Compliance: A Blueprint for Success
In the bustling world of professional firms, where precision and efficiency are prized commodities, the adherence to processes can often feel like a balancing act on a tightrope. Yet, in the pursuit of excellence, it’s imperative to create an environment where processes are not just followed but revered. Enter zero tolerance – a mindset shift…
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