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    Tax Agents Terminated by the Tax Practitioners Board (TPB)
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    The TPB takes firm action if it determines that registered practitioners have no...
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    Due to immense competition, online company incorporation costs have plummeted.
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    Self-managed super funds (SMSF’s) continue to grow in popularity with 30,000 new...
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    Self-Funded Retirees to be Taxed to Death
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    The Labour Party proposes to remove franking credit refunds which will cost taxp...
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    Disclosure of Tax Debts to Credit Reporting Bureaus
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    The Federal Government is legislating to allow the Australian Taxation Office (A...
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    Compliance services are now completely commoditised. The commoditising of compli...
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    Rob Nixon, in his latest book ‘The Perfect Firm’, asks this question ‘How long b...
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    In the UK in 1974, passive investment income was hit with a 15% investment incom...
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    Australia’s Company Tax Rate Must Fall to 20 Percent
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    Without a doubt, if Australia’s company tax rate stays at the current 30% rate, ...
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    Shop-Front Ground Level 'Vs' First-Floor Accounting Practices
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    Ground floor in the right area near anchor businesses is always superior. You do...
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    Strategies for successful tendering Tendering is the process of choosing the be...
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    Customer Segmentation in the Accounting Industry
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    An accounting practice has six main customer segments.
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    Competitive Advantage for Accountants that use Google's New Posts Feature
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    Did you know that you can now post news and events directly to your map listing ...
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    Five Strategies for Effective Client Communication
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    Effective client communication will retain more customers than any other method....
  • Client feedback
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    Client satisfaction feedback is critical if we are to improve the weaknesses in ...
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    Client satisfaction is defined as ‘the number of clients, or percentage of total...
  • client retention
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    To maximise client retention, you should do five things.
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    Five Factors Affecting Client Retention
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    The five factors affecting client retention are client satisfaction, client deli...
  • client retention
    Client retention
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    Client retention is about exceeding the client’s expectations so that they becom...
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    The Trouble With Debt
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    The three ways accountants can get in trouble with debt financing their practice...
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    Funding Established & Expanding Practices
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    Established practices have less funding needs than new practices as they are wel...
  • Practice investment
    Funding New Accounting Practices
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    Accounting practices, like all businesses, require funding to start, operate, an...
  • Money back gaurantee
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    The benefits of your practice providing a service guarantee to clients are as fo...
  • new services
    Introducing New Services to Existing Clients
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    This strategy is about creating new services that you can provide to your existi...
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    The first step to providing more existing services to existing clients is to ide...
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    The Effect of a Good Office on Productivity
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    Productivity studies show that the most significant factor in determining an emp...
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    Value Adding Software Tools
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    Value adding software tools include modules on budgeting, scenario planning, bus...
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    Software Tools for Accountants
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    New software programmes and apps are being released daily that promise to revolu...
  • strategic pricing
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    A good pricing strategy is one which is a good balance between the price floor a...
  • outsourcing compliance
    Outsourcing Compliance Services
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    Approximately 4% of accounting practices outsource overseas at least part of the...
  • Benchmarking
    Benchmarking Accounting Practices
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    Benchmarking involves comparing your accounting practice processes and performan...
  • KPI
    Accounting Practices KPI’s
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    An accounting practice’s key performance indicators (KPIs) are the set of quanti...
  • Managing Debtors
    Managing the Practices Debtors
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    The objective of debtor management is to minimise the time between issuing an in...
  • Working Capital Management
    Working Capital Management
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    Working capital management involves ensuring a practice has positive working cap...
  • Practice Sin 7 - Poor Time Management
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    Principals often spend too much time on activities that have no value. The Paret...
  • Delegation
    Practice Sin 6 - Dreadful delegation
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    Delegation is one of the practice principal’s most important management skills a...
  • Confusing activity with productivity
    Practice Sin 5 – Confusing Activity with Productivity
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    Accountants can fall into the trap of constantly trying to satisfy their client ...
  • Failure to change
    Practice Sin 4 – Failing to Change  
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    As the business environment changes, practice owners must change. To not do so i...
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    Practice Sin 3 – Operating the Practice Like a Hobby or Vocation, not a Business
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    Without the discipline and focus on managing the business for maximum profit, st...
  • Training and development
    Practice Sin 2 – Underinvesting in Personal Professional Development & Training
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    The professional development underinvestment occurs in the areas that are most i...
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    Abolition of Tax Deductions in the 2017 Federal Budget?
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    The Federal Government is once again looking at the abolition of work related ta...
  • Sturgeon's 90 percent
    Sturgeon’s Law - 90% of Accountants
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    If we believe Sturgeon’s Law is true, then it goes without saying that 90% of ac...
  • Sturgeon
    Sturgeon’s 10% of Practices
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    If a Purple Cow practice is not achievable, then being part of Sturgeon’s 10% of...
  • practice investment
    Practice Sin 1 – Failing to Reinvest in the Practice
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    The number 1 sin for an accounting practice is failing to reinvest in the practi...
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    A business strategic plan details the methods by which a business sets out to ac...
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    Buyers get a building inspection and a pest inspection report prior to buying th...
  • SMSF options
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    At June 2015 the ATO advised that there were 556,998 self-managed super funds in...
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    Focus Strategies for the Accounting Industry
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    Two focus strategies for the accounting industry include narrow service line and...
  • stuck in the middle
    Accounting Practices Stuck in the Middle
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    The worst strategic error is to be stuck in the middle, or to try simultaneously...
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    A Purple Cow Practice
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    To make a Purple Cow practice is extremely difficult and probably only one in a ...
  • cost leadership accounting
    The Cost Leadership Model is not Profitable
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    The cost leadership model is not a profitable for accounting practices as practi...
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    Differentiating Your Accounting Practice
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    Differentiation is the process of distinguishing a product or service from other...
  • Aldi
    Cost Leadership Strategy
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    An overall cost leadership strategy involves providing products or services at a...
  • Financial planning
    Cons with Establishing a Financial Planning Division
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    The problems practices encounter once they have established their own financial ...
  • Strategies value added
    Strategies for Providing Value Added Services
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    Value adding services are an opportunity for accountants to make their work more...
  • financial planning added value
    Pros of Establishing a Financial Planning Division
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    The removal of the accountants’ exemption on the 1st July 2016 in relation to SM...
  • Morgage broker
    Pros and Cons of Establishing a Finance Broking Division
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    The pros and cons of practices providing finance broking services are similiar t...
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    Time management is the act or process of planning and exercising conscious contr...
  • business structure
    How Should I Structure My New Business
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    When clients come in to see me about starting a new business they have many diff...
  • Defining Value Added Services
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    Value added services are a large category of services which meet one test – they...
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    Growth Pathways for Compliance Based Practices
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    Draw a line in the sand and commit to having 10% of the practice’s annual revenu...
  • Body language
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    Body language is the non spoken word of communication.
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    Attractions of Providing Value Added Services
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    Value added services are attractive to accounting practice principals.
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    Marketing is of vital importance to any business.
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    Benefits of Negative Gearing
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    All good investment decisions need to factor in the applicable tax consequences ...
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    3 tips that will help make you a better accountant in 2017.
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    Luca Pacioli the ‘Father of Accounting’
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    Luca Pacioli was the first person to publish detailed material on the double-ent...
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    Digital Disruption in Compliance Practices
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    Technology and digital disruption affecting many industries is starting to impac...
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    70% of myGov Users Are Making Mistakes
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    Uber: A Threat and a Lucrative Opportunity
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    Uber can be a tremendous opportunity, with the benefits of it derived by those w...
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    Though most organisations pay tax on their taxable income, religious institution...
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    70% of Accounting Practices Have No Strategy
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    According to Michael Porter the worst strategic error is to be stuck in the midd...
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    Operating a small business is one of the most rewarding yet challenging experien...
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    Accounting Industry Performance 2015/2016
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    For 2015/16 the total Australian accounting industry revenue only grew 3.2% or $...
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    Under-35s Are Shunning Accountants
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    A recent survey has shown that for under 35’s – 50% prepare their tax return the...
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    Survey results of key performance indicators in Australian accounting firms over...
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    Client reviews affect the trust your customers have for your brand, as well as t...
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    Most small business owners do not know accountants offer something beyond the ta...
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    A Good Office is an Accountant's Best Investment
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    Good offices have the following five characteristics: Easily to find Clie...
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    I run a digital marketing business, Pixelpi. As a small business owner, I don’t ...
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    Commoditisation of Professional Services
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    The effects of digital disruption are seen and felt everywhere and have indeed, ...
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    Compliance services have traditionally, and currently still, account for between...
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    Tax Practitioners Board (TPB) has cancelled the tax agent registration of over t...
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    Have you really considered the true value of a client?
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    The ATO Director Penalty Regime
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    Six Types of Accounting Practices
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  • MyTax
    MyTax | an Opportunity and Threat to the Tax Profession
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    The ATO have advised that up to the 8th September 2015 1,822,000 tax returns wer...
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    Accountants vs Financial Planners
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    Is your Most Trusted Advisor your Accountant or your Financial Planner?
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    The five most critical factors affecting a partner’s accounting practice profit....
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    Over the weekend, we built the Lego version of the London Bridge! It was a long ...
  • Australian Accountants
    More than 75 locations across all of Australia
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    Find the closest Success Tax Professionals nearest to you.