Category: accounting

The overall cost leadership model is not a profitable strategy for accounting practices for four reasons: Practices with no staff where the principals do ...

Differentiation is the process of distinguishing a product or service from others, to make it more attractive to a particular target market. The concept ...

The problems practices encounter once they have established their own financial planning practice include: The accountant’s personality. Most accountants are not sales people and ...

According to the industry body, the Mortgage and Finance Association of Australia, in 2015 the total new home lending attributed to mortgage brokers was ...

When clients come in to see me about starting a new business they have many different questions depending on the type and size of ...

Compliance based accounting practices that want to grow their practice revenue and be financially rewarded should: Firstly, recognise that the world has changed and ...

Unfortunately for compliance based practices, the technology and digital disruption affecting many industries is starting to impact on the compliance accounting practice. Compliance fees ...

For 2015/16 the total Australian accounting industry revenue only grew 3.2% or $580m to $18.7bn. In contrast the big 4 accounting practices grew their ...

A recent survey has shown that for under 35’s – 50% prepare their tax return themselves or get family and friends to do it ...

Survey results of key performance indicators in Australian accounting firms over the last 12 months show: The average firm is a two partner practice ...