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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 starting a business. The conversation highlights the often-overlooked aspects of business planning such as realistic budgeting, understanding supplier terms, and the importance of cash flow management. They also delve into the broader role of accountants and bookkeepers as essential advisors beyond tax and compliance, stressing their importance in preparing entrepreneurs for the hurdles of business management. This episode serves as a valuable resource for professionals in the accounting and bookkeeping fields, offering insights into how they can better serve their clients and potentially reduce business failure rates by providing comprehensive financial advice from the outset.
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Puuttuva jakso?
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The '2024 NAB Accounting and Financial Planning Report' revealed that 85% of surveyed Accounting Firms are âoffering business strategyâ, emphasising the growing importance of Advisory Services in the Accounting Industry.
While the report highlights the significant role of âAdvisory Servicesâ, it prompts a crucial question: Is your Accountancy/Bookkeeping Firm prepared to âDELIVER BUSINESS ADVISORY SERVICES IN 2024â?
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When Andrew Geddes speaks, smart accountants listen â theyâd 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 do it now. This episode also provides the why and the how of this particular warning.
You can also access our podcast on:
Amazon Music
Apple Podcasts
Audible
Spotify
YouTube
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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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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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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.
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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 Research and Development incentives from the government.
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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 âaccounting industry rockstarâ, gave an outstanding overview of the Virtual CFO Service that his firm had introduced for their clients.
More: https://www.essbiztools.com.au/ess-biztools-blogs/want-to-know-more-about-the-accounting-revolution
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Peter Towers comments on the following:
podcast last week with Andrew Geddes âItâs a New Business Model â I think it is going to revolutionise the sector globally.â Predictive Accounting webinar presented with Paul Barnaby, Beyond Accounting Technologies; Holiday Package promotion. - Näytä enemmän
