Here's a quick overview on how you can take on multi year tax return clients successfully by minimising flight risk and creating a growth opportunity for your firm and your client.
Buy now, pay later for Accounting fees? We ask “why not?” Are you prepared to make a difference to your clients and your firm? I guess that’s a bold and provocative statement but not one made lightly. I’m sure most, if not all, accountants would emphatically cry YES. The unfortunate reality is that many firms have fantastic intentions however when confronted with the opportunity, busy just gets in the way and it becomes easier to not make a decision. If you are [...]
Navigating Alternative Finance for Accountants and their Business Clients We often get asked from both accountants and their clients to help them find finance beyond what we provide with SmartFee. As a Fintech company we are constantly monitoring the evolution of funding solutions as the range of Alternative Finance (AltFi) options for businesses owners continues to expand. The great news for any business owner is that there’s a range of solutions now for pretty much any type of funding requirement. The [...]
The yearly increase in government-mandated regulation and red tape has drawn the ire of accountants who question its impact to productivity and profitability. Changes such as the need for an Australian Financial Services License (AFSL), automation of the ATO’s processes, and the introduction of the Single Touch Payroll Reporting (STPR) were among some of the issues identified as pain points by accountants. Change Accountants & Advisors chief executive Timothy Munro says the increase in red tape has “spawned” a new industry [...]
20% of Accounting Services providers have average to severe risk of financial failure As an offshoot to the SV Partners Commercial Risk Outlook Report March 2017, SmartFee completed a specific analysis on the Accounting Services sector. Adrian Jenkinson, Managing Director of SmartFee said “The good news is 80% of Accounting Services providers are performing well however we are now seeing the reality of what has been a much talked about issue for the accounting industry. The combined impact of commoditisation, automation, [...]
The 12 Debtors Before Christmas (and how to manage them) That’s right – 2 weeks left until most of us break for a few weeks! This is not the time to put your feet up though – many of our SmartFee firms know this, and are already chasing down every outstanding invoice BEFORE they break. It’s a great strategy and one that pays significant dividends for you and your clients (remember that outstanding debtors don’t engage their advisor when they [...]