ESS BIZTOOLS Podcast (Accountant's Minute)

In this episode of the ESS BizTools podcast, host Peter Towers, Managing Director of ESS BizTools, is joined by Trevor Marchant, Managing Director of Marchant Dallas. They discuss crucial financial management and advisory strategies for small businesses and entrepreneurs, particularly emphasising the need for thorough fiscal preparation before starting a business. The conversation highlights the often-overlooked aspects of business planning such as realistic budgeting, understanding supplier terms, and the importance of cash flow management. They also delve into the broader role of accountants and bookkeepers as essential advisors beyond tax and compliance, stressing their importance in preparing entrepreneurs for the hurdles of business management. This episode serves as a valuable resource for professionals in the accounting and bookkeeping fields, offering insights into how they can better serve their clients and potentially reduce business failure rates by providing comprehensive financial advice from the outset.

Featuring Trevor Marchant of Marchant Dallas, this podcast discusses the latest article produced by The Boss Factor Library.

The '2024 NAB Accounting and Financial Planning Report' revealed that 85% of surveyed Accounting Firms are “offering business strategy”, emphasising the growing importance of Advisory Services in the Accounting Industry. While the report highlights the significant role of ‘Advisory Services’, it prompts a crucial question: Is your Accountancy/Bookkeeping Firm prepared to ‘DELIVER BUSINESS ADVISORY SERVICES IN 2024’?

This podcast episode recaps Issue 357 of Accountants Minute, the fifth segment of the discussion with Andrew Geddes about important issues currently facing the Accounting industry. You can also access our podcast on: Amazon Music Apple Podcasts Audible Spotify YouTube

When Andrew Geddes speaks, smart accountants listen – they’d be crazy not to! This podcast episode recaps issue 351 of Accountants Minute, where we highlight our recent interview with Andrew Geddes, a co-founder of the FMRC and former Chair of Greencross Pty Ltd. Andrew issued a timely warning to accountancy firms that they need to diversify and to do it now. This episode also provides the why and the how of this particular warning. You can also access our podcast on: Amazon Music Apple Podcasts Audible Spotify YouTube

This episode looks into Issue 350 of Accountants Minute, where accountants are reminded that launching advisory services should be a high priority for the last quarter of 2022/23 financial year. You can also access our podcast on: Amazon Music Apple Podcasts Audible Spotify YouTube

This episode discusses the key components of the "52-week business enhancement system", which is the main topic of Accountants Minute Issue 349. You can also access our podcast on: Amazon Music Apple Podcasts Audible Spotify YouTube

This podcast episode is based on Issue 348 of Accountants Minute, which provides commentary on Thomson Reuters' recent White Paper, Leading Australian SMEs in 2023's Changing Economy. You can also access our podcast on: Amazon Music Apple Podcasts Audible Spotify YouTube

This podcast discusses Issue 347 of Accountants Minute, which explains why accountants and bookkeepers should diversify their services by providing R&D assistance to their SME clients. You can also access our podcast on: Apple Podcasts - https://apple.co/3XQ4p9z Audible - https://adbl.co/3YTdnEh Spotify - https://spoti.fi/3YWjbgj YouTube - https://youtu.be/2rbUNgcbous

Based on the recent report from Commbank's Accounting Market Pulse, "the only limitation they face is the worsening talent shortage." This podcast looks back into Issue 346 of Accountants Minute, where a point was raised on how accountants and bookkeepers are facing this particular issue and ways of overcoming the hurdle of talent shortage.

This podcast episode presented reasons why Business Advisory Services is the best way to add value to your accounting and bookkeeping firm and, in turn, add value to your SME client's businesses.

This episode talks about how you, as an accountant, can guide your SME clients on their "innovation journey" and help them commercialise their inventions. This episode also identifies the steps you need to take with your SME clients to turn their prototype into a profitable, commercial sale product, and mentions a way for your SME clients to claim Research and Development incentives from the government.

read more: https://www.essbiztools.com.au/ess-biztools-blogs/e-newsletters-a-vital-communication-tool-for-accountants

ESS BIZTOOLS is in the process of reconfiguring our product packages following the strong response we have received from the webinar, presented by the Academy of CPAs (Certified Predictive Accountants) 3 weeks ago, when Adam Hale, partner Summit CPA an American accountant who was described by the Managing Director of PlanGuru as an “accounting industry rockstar”, gave an outstanding overview of the Virtual CFO Service that his firm had introduced for their clients. More: https://www.essbiztools.com.au/ess-biztools-blogs/want-to-know-more-about-the-accounting-revolution

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