Peter Towers, creator of ESS BIZTOOLS, tools written for accountants so they can quickly and easily offer business advisory services to their SME clients, presents news topics that accountants should be aware of if they work with SME clients.
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AM380 - The Critical Role Of Accountants In Supporting SMEs
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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, ye…
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AM379 - Tradie Charge Out Rate Calculator: ABSOLUTE GOLD!
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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…
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AM378 - Equity financing provides valuable opportunities for accountants
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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 fin…
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AM377 - Navigating challenges and embracing opportunities in the Accounting profession
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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 expe…
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AM376 - Advisory Services: Shaping Your Vision Of Accountancy
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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, ta…
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Were They Warned? Essential Financial Advice for Entrepreneurs
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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 star…
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Business Advisory Services Podcast - Growth vs Capacity
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Featuring Trevor Marchant of Marchant Dallas, this podcast discusses the latest article produced by The Boss Factor Library.
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Deciding to go? - The GIANT AWAKENING
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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/Bookk…
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AM367 - Winning Strategies for 2024 - Strategy 2
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AM356 - Value Adding With Special Services
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Implementing "Monitoring Performance" helps SMEs to "scale up"
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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
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Accountants must diversify now: top industry advisor
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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…
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New Horizons: the move from compliance to consultancy
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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
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A deeper dive into the virtual CFO services
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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
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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
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Maximising R&D tax benefits: a guide for accountants and bookkeepers
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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://…
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Services you offer affect your talent!
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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.…
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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.
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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 …
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e-Newsletters – a Vital Communication Tool for Accountants
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read more: https://www.essbiztools.com.au/ess-biztools-blogs/e-newsletters-a-vital-communication-tool-for-accountants
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Want to know more about the Accounting Revolution?
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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 indu…
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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.
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Where to for Australian Accounting Industry in 2022-2023
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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”
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Lack of Challenging Work Creating Talent Shortages!
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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 p…
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Sneaky Clients who miss out on Big Rewards
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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://…
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Diversification, Why Accountants Shake In Their Boots
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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…
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The State of the Accounting Industry in Australia
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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.
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Crowd Sourced Funding Equity Raising – Is It For You?
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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 …
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How Accountants Gain From Business Advisory Services
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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…
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SME Needs Analysis - A New Way to Provide Enhanced Business Services to Your Clients
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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.e…
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Offering Business Advisory Services Without a Contractual Commitment
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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 …
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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/ind…
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Transition to Business Advisory Services
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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
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Navigating the Transition to Business Advisory Services
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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 20…
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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 y…
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Don’t “Beat Around” You Need To Make Changes – NOW!
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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=4…
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Are you hesitant to implement changes to your accountancy firm because you don’t know where to start? This is not an uncommon problem. Many accountants have thought about diversification and have decided to implement diversification but never seem to find the time – there is always another compliance task that you think has to be done by you! Sound…
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2022 has now really started for business people with schools recommencing or about to commence around Australia and with more and more people returning to work within their actual business premises. It’s a time of the year that many people will be thinking about their planning for 2022. Read more: https://www.essbiztools.com.au/index.php?option=com…
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COMMUNICATIONS CONFIRMS DIVERSIFICATION!
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Do you intend to continue or embark on a diversification strategy during 2022? The CommBank Accounting Market Pulse released in May 2021 indicated that 95% OF THE ACCOUNTING FIRMS OF ALL SIZES FROM ALL OVER AUSTRALIA THAT THEY HAD SURVEYED HAD INDICATED THAT THEY INTENDED TO DIVERSIFY THEIR SERVICES IN 2021 AND 2022! Read more: https://www.essbizto…
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Let us look at the issues confronting accountancy firms: “OVER 70% OF THE ACCOUNTANCY PROFESSION EYEING OPPORTUNITIES ELSEWHERE – the “great resignation” impacting the accounting team”. Accountants Daily “Any employer who is not thinking about how to retain existing employees and attract new ones could fall behind”. Dr Jane Rennie, General Manager …
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You are invited to visit: www.essbiztools.com.au and www.essbizgrants.com.au to view a sample of the product packages that have been developed to assist Accountants, Business Advisors, Chief Financial Officers for SMEs and Bookkeepers supply value adding diversified services to SME Clients. Read more: https://www.essbiztools.com.au/index.php?option…
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There is no doubt that Accountancy firms are going to face significant challenges and great opportunities in 2022. This is our final review of some of the challenges and issues that were encountered in 2021 that will probably continue in 2022. Read more: https://www.essbiztools.com.au/index.php?option=com_zoo&task=item&item_id=423&Itemid=639…
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“Accountants need to fill up the “hopper” by keeping marketing going to keep the “hopper” filled up because every business experiences clients dropping out of the bottom of the “hopper” and if you don’t keep topping it up, and you, just arrogantly go along and say I have got plenty of business I don’t need to worry, clients will drop out of the bot…
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Implementing Systemisation - Session 5” “An Amazing Program for Accounting Professionals
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“We joined ESS BIZTOOLS five years ago as a subscriber and we have never looked back – it is an amazing set of products and tools that we utilise with our clients but we also utilise the system to guide young accountants in our mentoring program to better understand the challenges of delivering a wide range of non-compliance services to SMEs.” “ESS…
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Implementing Systemisation Session 4 - Your Cilent Should Be Included in the Planning Process
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“Too many accountants do not involve their client in the planning process which commences with the Business Plan and proceeds through to the Predictive Accounting Reports of Budgets, Cash Flow Forecasts and Projected Balance Sheets without effective communication with the client.” Paul Barnaby, Regional Integration Consultant Asia-Pacific for Plan …
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Implementing Systemisation - Session 3 Newsletter Leverage Communication with a Firm’s Clients
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In session 3 of the Black Friday webinar extravaganza Amanda Gascoigne, Amanda Gascoigne Consulting joined Peter Towers, Managing Director, ESS BIZTOOLS for a discussion on 5 Key Product Packages that are part of the ESS BIZTOOLS’ Business Advisory Services offering for Accountants, Business Advisors, Chief Financial Officers and Bookkeepers. Read …
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Implementing Systemisation - Session 2 Accountant’s Role Is A Bit Like A ‘Financial Sherlock Holmes’
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Andrew Geddes, Accounting Industry Coach and former Chair of Greencross Ltd, a Top 200 ASX company joined Peter Towers, Managing Director, ESS BIZTOOLS for a discussion in Session 2 of the ESS BIZTOOLS’ Black Friday webinar series and made the following comments relative to the utilisation of: Read more: https://www.essbiztools.com.au/index.php?opt…
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