accounting    Page 16

Category: accounting

purple cow in field

A Purple Cow Practice

‘Purple Cow: Transform Your Business by Being Remarkable’ is a 2003 book by Seth Godin. The book advocates that companies produce remarkable products and ...
cost leadership accounting

The Cost Leadership Model is not Profitable

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

Differentiating Your Accounting Practice

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

Cons with Establishing a Financial Planning Division

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 ...
Morgage broker

Pros and Cons of Establishing a Finance Broking Division

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

How Should I Structure My New Business

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

Growth Pathways for Compliance Based Practices

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

Digital Disruption in Compliance Practices

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

Accounting Industry Performance 2015/2016

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 ...
shunning accountants thumbnail

Under-35s Are Shunning Accountants

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