Business in a Post-Pandemic World - Discussion with Philip Chynoweth
ESS BIZTOOLS - Business Advisory Services Update Podcast
Release Date: 10/21/2021
Unlocking R&D Opportunities: Guidance for Accountants and Advisors
ESS BIZTOOLS - Business Advisory Services Update Podcast
In this episode, Peter Towers, Managing Director of ESS BIZTOOLS, discusses the essentials of guiding clients through Research and Development (R&D) opportunities. He highlights the significant tax incentives available to Australian businesses engaged in R&D, and provides actionable advice for accountants, bookkeepers, and business advisors on supporting clients from idea generation to project planning. Peter emphasises the importance of establishing detailed records, understanding core activities, and securing intellectual property, along with practical steps for forming a company to...
info_outline
Transformng Accounting From Compliance to Strategic Business Advisory
ESS BIZTOOLS - Business Advisory Services Update Podcast
In this episode of ESS BIZTOOLS Podcast, host Peter Towers dives into the evolving role of accountants in the business world, joined by distinguished guests Sam Salcman of Edwards Pearl and Andrew Geddes, co-founder of the Financial Management Research Centre (FMRC). The trio reflects on the transformation of the accounting profession, highlighting the importance of business advisory services and the integration of modern tools like ESS BIZTOOLS. They discuss how accountants can shift from compliance-focused tasks to becoming strategic partners for their clients, leveraging technology and...
info_outline
Strategies and Insights for Setting Professional Firms Charge Out Fees
ESS BIZTOOLS - Business Advisory Services Update Podcast
In this episode, Peter Towers dives into the intricacies of setting charge out rates for professional service firms. He covers essential considerations beyond simple cost calculations, such as service quality, industry reputation, and unique value-adds. Peter explains how firms can justify premium rates by offering enhanced advisory services, client education, and strong business acumen. He also emphasises the importance of understanding labour costs, productivity metrics, and competitive positioning. By following these strategies, firms can better communicate their value to clients and...
info_outline
Debtors Management for SMEs: Navigating Financial Stability and Cash Flow Challenges
ESS BIZTOOLS - Business Advisory Services Update Podcast
In this episode, Peter Towers addresses the critical issue of debtors management for SMEs facing financial challenges in Australia. He emphasises the importance of effective credit management and how poor practices, such as granting credit without proper systems, can lead to cash flow problems. Towers discusses common pitfalls SMEs encounter, including inadequate credit terms, lack of monitoring, and unrealistic assumptions about payment timelines. This episode also highlights the role of accountants and bookkeepers in helping SMEs establish strong debtor management systems. This includes...
info_outline
Export Market Development Grant
ESS BIZTOOLS - Business Advisory Services Update Podcast
This podcast episodes looks into Export Market Development Grant, the eligibility requirements, who are eligible and most importantly, how accountants and business advisors can generate revenue by assisting SMEs with the application process. You can also access our podcast on:
info_outline
Investment Readiness for SMEs: key considerations for Accountants and Bookkeepers
ESS BIZTOOLS - Business Advisory Services Update Podcast
This podcast episodes looks into the essential aspects of what accountants and bookkeepers need to examine in order to ensure that their SME clients’ businesses are investment ready. You can also access our podcast on:
info_outline
Update of issues affecting accountants and bookkeepers
ESS BIZTOOLS - Business Advisory Services Update Podcast
This podcast covers the following issues affecting accountants and bookkeepers today: Australian Small Business Ombudsman Report Former Tax Commissioner's Warning Fiscal Management Issues - statement from Paul Robson, CEO of MYOB What do businesses need? You can also access our podcast on:
info_outline
Growth vs Capacity
ESS BIZTOOLS - Business Advisory Services Update Podcast
Featuring Trevor Marchant of Marchant Dallas, this podcast discusses the latest article produced by The Boss Factor Library. You can also access our podcast on:
info_outline
Advisory Services are Important
ESS BIZTOOLS - Business Advisory Services Update Podcast
The SME market in Australia is now estimated to be around 2.5 million businesses. Many of them aspire to “scale up” by offering new services and expanding employment opportunities as they seek out new markets both in Australia and overseas. These businesses need advice, just the same as the CEO operating a larger business needs advice. The real difference is that larger businesses employ most of the expertise that might be required in-house, whereas the vast majority of SMEs cannot afford to do this or they simply do not have enough work to keep a highly qualified motivated person fully...
info_outline
How Accountants Can Navigate The Current Market Conditions
ESS BIZTOOLS - Business Advisory Services Update Podcast
Peter Towers, Managing Director of ESS BIZTOOLS and Mark Holton, Director of SmithInk discuss How Accountants could navigate the market conditions that their SME clients are encountering in 2023/2024 with some insights from the Accountants Boot Camp and the Thomson Reuters White Paper
info_outline