AI: The future for accounting starts now - David Smith
Whether we like it or not, artificial intelligence, including ChatGPT, will have a transformative impact on the accounting profession. These tools are like employing a junior accountant, says David Smith of Smithink. Don’t be afraid of it, he insists. Use it, it saves you time, and it’ll provide y…
Are you targeting your ideal client? - Mark Holton
Some clients can be more trouble than they’re worth. They take up too much of your time, they don’t pay on time and some can be downright frustrating to communicate with. Mark Holton of Smithink says you need to create ideal client criteria – so that everyone in your team is on the same page, and …
Latest business advisory trends - James Mason
If business advisory is part of your firm’s offerings, you might be interested to know what other business advisors are doing and whether their approach might work for you, too. James Mason, Managing Director of Mindshop, has researched the latest trends in a report conducted on business advisory …
The keys to a great accounting practice - Brad Turville
To differentiate your accounting practice from others is the way you service your clients. That’s according to Brad Turville, a coach and consultant to accountants. Word-of-mouth is a powerful marketing tool, and if you offer an exceptional service, he says, they’ll tell their friends, family and …
Helping clients with their finances - Peter Angelini
It’s always hard for businesses to secure finance at any point, but it’s getting increasingly difficult these days as banks tighten their lending requirements. So how can accounting firms help their business clients obtain finance? It’s something that Peter Angelini and his team take quite serious…
Is your advisory losing to business coaches? - Brad Eisenhuth
Are business coaches taking business away from accountants, and is there anything you can do about it? Brad Eisenhuth says accounting firms which offer business advisory are often better placed to service businesses that are looking to grow. Brad is founder and CEO of The Outperformer, a consultan…
The year ahead for accountants
A lot of businesses and accounting firms are happy that 2022 is over. It’s been a brutal few years with Covid, and now many practice owners are looking forward to a more prosperous 2023. That observation is from advisor to the accounting industry, Mark Holton of Smithink. Mark outlines what accoun…
How to handle the staff shortage crisis - Michael Edelstein
The big issue affecting accounting firms around the country is staff shortages. It’s always been an issue, but it’s now more acute than ever. So, what can you do to attract the right talent and keep them with you for the long-term? For advice, we turn to former accountant, turned recruiter, Michae…
Shaping your business advisory offer - Emily Splatt
With so much compliance work available, many accounting practices don’t have the time or inclination to set up an advisory service. The problem is they could be limiting their potential for higher growth and profits. That’s according to Emily Splatt of Mindshop, a company which consults practices …
Biggest accounting trends
One of the biggest challenges for practices around the country right now is the shortage of accountants. A shrinking talent pool is indeed a headache, but it’s also an opportunity to reassess which of your clients provide the best value. That’s according to Alan FitzGerald, founder of Practice Con…