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Developing the Best Diversified Income Model for Your Accounting Firm

diversified income concept

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…

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Do we really need all this complexity?

complexity concept

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,…

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The Love Of Learning

love of learning concept

I thought I would ask my daughter, Jess, to help me out with an article for this month. Jess is a 34-year-old skilled graduate journalist working in digital media and I wanted to know her thoughts on learning, so we put this article together which I feel is very relevant to the accounting industry. As…

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The Accountants’ Guide to Fishing

January is the month for holidays, for relaxing, for contemplation. For me that involves spending time at Port Stephens out on the water trying to skillfully convince a succulent fish to hop onto my line. As anyone knows such an exercise involves a great deal of patience. As I have sat in the sun replenishing…

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Unleashing Growth Potential: Developing a Niche Industry Market for Your Firm

Golf professionals require accounting firms that go beyond compliance services, offering valuable advisory services to improve their financial position both on and off the course. Drawing from 18 years of experience in the industry, I have identified the top ten actions that accounting firms can provide to add value to golf professionals’ financial strategies. Discover…

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Insight from your peers

complexity concept

One of the challenges when running your own business is that it can be a lonely place. You’re making decisions based on your own experience and those of your partners if you’re in partnership. The insights and decisions you make can be self-reinforcing as they’re based on what is already happening and past experience in…

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Mental Health Training for Accountants

This month something a bit different. I have asked Peter Annis-Brown of Manage Health to provide his views on the mental health of the professional services industry. Peter is a qualified Mental Health Educator and Master Mental Health 1st Aid instructor who conducts workshops, training, and courses throughout Australia to leaders, businesses and organisations looking…

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Can’t find staff? An efficient team will help

practice management concept

No one needs to be reminded how hard it is to find good “producer” people these days. It’s gone from bad to worse as we move into the “Coping with COVID” world. In other articles, we have canvassed the various rocks that should be looked under to try to find people but it’s not easy.…

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The end of the supplier centric integrated suite; Now the client centric best of breed suites.

One of the defining differences between the approach taken by North American accounting firms and their technology suppliers compared with Australian/New Zealand firms and their suppliers is the integrated suite. Those of my vintage can recall the birth of technology for the accounting profession in the late 1970s. Companies like Hartley Computer, O’Reilly Computer, Anpac…

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