Tag: tips
Practice Sin 1 – Failing to Reinvest in the Practice
The number 1 sin for an accounting practice is failing to reinvest in the practice. There can be the temptation in business to run ...
Importance of Strategic Planning
A business strategic plan details the methods by which a business sets out to achieve its objectives. Typically a business strategy will cover a ...
Tax Considerations with Investing in Property
When buying an investment property it is important to see your accountant first. Often buyers get a building inspection report and a pest inspection ...
SMSF Advice Options
At June 2015 the ATO advised that there were 556,998 self-managed super funds in Australia with 1,049,840 members. During the 2015 financial year 32,073 ...
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 ...
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 ...
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 ...
Cost Leadership Strategy
An overall cost leadership strategy involves providing products or services at a lower cost than your competitors and then charging lower prices than your ...
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 ...
Time Management
Time management is the act or process of planning and exercising conscious control over the amount of time spent on specific activities, especially to ...