Category: accounting
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 ...
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 ...
State of the Australian Accounting Profession
Survey results of key performance indicators in Australian accounting firms over the last 12 months show: The average firm is a two partner practice ...
Why Every Accountant Should Be Using Cloud Accounting
Every accounting practice should be using cloud accounting for their practice for three reasons: Access to real-time (daily) accounting data showing the practices current ...
Tax Havens – Turning Tasmania into Another Zug
Tasmania today is a really awesome place to holiday, but an economic wasteland. Tasmania has the distinction of ranking the lowest of all Australian ...
Four Pathways to Your Own Accounting Practice
Essentially to own and operate your own accounting practice requires two things; experience and a client base. The four main pathways to achieving this ...
Accounting Practice Acquisitions | Purchasing Clients to Speed Growth
It is possible to expand business rapidly if you have extra funds or can borrow/finance a 'fee parcel purchase' or 'practice acquisition'. Points to ...
Six Types of Accounting Practices
The accounting and tax market in Australia is comprised of over 32,920 accounting practices/businesses and employs over 136,000 people generating $17 billion in annual ...
Accountants vs Financial Planners
Is your most trusted advisor your accountant or your financial planner? Numerous surveys consistently have clients (whether individuals, investors or small business owners) rating ...
Critical Factors That Affect a Partner’s Accounting Practice Profit
The five most critical factors affecting a partner’s accounting practice profit are: The fees per partner The average suburban practice now has $1,000,000 fees ...