Posts by Michelle Knights
Has the Availability of Personnel within the Accounting Profession Really Improved
Has the Availability of Personnel within the Accounting Profession Really Improved It’s funny, around a year or two ago, just depending on where you were in the country, many firms started to experience an increase in communication from recruitment firms. An increase in the availability of accounting candidates required recruiters to be far more interactive…
Read MoreIs Now the Time to Bail Out of Your Accounting Practice
Is Now the Time to Bail Out of Your Accounting Practice How is your firm proposing to address the removal of the accountants’ exemption and SMSF licensing requirements as from 1 July this year? Presently, there seems to be five schools of thought. 1. Firms who already offer financial planning services are right to go…
Read MoreDastardly Deal Breakers Impacting Practice Sales
HomeAboutMichelle KnightsOur FirmNewsMichelle’s BlogServicesBenchmarksJune 2018 Charge Rates & Salaries SurveyValuationsPresentationsConsultationsPractice BrokingEquity OpportunityEquity ListingsPractice ProtectionSuccession PlanningAccountantsFinancial PlannersLawyersMembersRegisterSample of Our Charge Rate, Salary, Expense & Benchmarking SurveysSample of The Commentary Section of The SurveySample of Charge Rate Data for Professional PersonnelSample of General Salary Data for Support PersonnelSample of General Profit/Productivity DataSample of General Expense Benchmarks in…
Read MoreIs Total Harmony within a Partnership a Necessity for Success?
Is Total Harmony within a Partnership a Necessity for Success? It maybe idealistic, but my view of a professional partnerships revolves around a number of parties working together to achieve a common goal and outcome for the betterment of all. Perhaps a little naive and optimistic…. ? Nevertheless, I always become concerned when I meet…
Read MoreIt Must be Business as Usual When you are Selling Your Practice
It Must be Business as Usual When you are Selling Your Practice Getting the timing right when deciding to sell your business/practice can often be difficult. There are personal, financial and emotional decisions to be made as well as pertinent business decisions and plans to put in place. Experience certainly highlights that timing is everything.…
Read MoreWhat Impact Do Disgruntled Employees have on Your business?
What Impact Do Disgruntled Employees have on Your business? It’s often said that by the time an employee formally resigns, they have already divested themselves from your business for at least six months. Likewise, most businesses have experienced the joys, or lack thereof, of having a disgruntled or dissatisfied employee amongst their mix. I’ve heard…
Read MoreEOY Accounting Practice Performance Wrap-Up
EOY Accounting Practice Performance Wrap-Up The New Year has now come and gone and many firms are using this time to plan for the year ahead; using this financial year midpoint to check in against their financial year goals and budgets. With our December Charge Rates, Salaries and Benchmarking Survey released early in December, we…
Read MoreWhat Type of Firms Are Achieving Real Growth
What Type of Firms Are Achieving Real Growth As we head into another year, it is often a time of reflection for practitioners and practices on the year that has been as well as some preparation and planning for the year ahead. What went to plan? What went well? What was the surprise event? What…
Read MoreDon’t Despair, there are other Options than Simply ‘Closing Up Shop’
Don’t Despair, there are other Options than Simply ‘Closing Up Shop’ I must admit, I have been a little surprised of late by the number of practitioners that have advised us that they have closed their practices. In part this is due to retirement and at other times ill health has been a contributing factor.…
Read MoreIs SMSF Licensing Really that Imperative to Your Firm?
Is SMSF Licensing Really that Imperative to Your Firm? In the first instance, let me emphasise, if your firm currently provides advice around SMSFs that will require a license post July 2016, our strongest recommendation is to complete the necessary training and obtain the appropriate license, whether that be as an authorised representative of a…
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