Category: Franchise Head Office
Commoditisation of Professional Services
According to a Deloitte Access Economics report in 2015, digital technologies contributed $78.8 billion to Australia’s GDP. By 2020, it’s forecast our digital economy ...
Salary Sacrifice, Super and Tax
Salary sacrifice is forgoing salary to receive another benefit (which could be a fully maintained motor vehicle, holiday, etc.). In this case additional employer ...
The Importance of Consulting an Accountant before Buying a Business
I believe that if you don’t consult an accountant before starting or buying a business maybe you should not be in business. Most accountants ...
Four Ways Accountants Are Destroying Their Practices
Accountants, like all business owners, can become complacent and run down and destroy their practices profitability and eventual sale value. The four most common ...
Corporate Immortality
All businesses, like people, must eventually die and cease to exist. Ten years ago the then world’s old company – Kongo Gumi, aged 1,428 ...
Five Strategies to Grow a Compliance Practice
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 Affecting Compliance Accounting
Unfortunately for compliance based practices, the technology and digital disruption affecting many industries is starting to impact on the compliance accounting practice. Compliance fees ...
Why Have Compliance Services Been So Profitable?
Compliance services have traditionally, and currently still, account for between ninety to one hundred percent of the fees revenue of the majority of the ...
Tax Implications of Australian Tax Resident vs Foreign Resident
Australian resident for tax purposes: Tax payer is required to declare worldwide income earned on tax return. Tax payer on a temporary visa, being ...
7 Predictors of Business Success
On average, 44 small businesses are closing their doors each day according to the Australian Bureau of Statistics data. Approximately 80% of small businesses ...