Posts by Michelle Knights
Client Protection as Partnerships Go Pear-Shaped
Client Protection as Partnerships Go Pear-Shaped As a profession, accountants are often criticised for their lack of communication with clients. In some instances, communication pieces are written with very little consideration as to how it will be received by clients. This is particularly the case when things start going pear-shaped amongst the partners. The success…
Read MoreAre Traditional Partnership Models Still Your Best Choice?
Are Traditional Partnership Models Still Your Best Choice? For as long as everyone can remember, professional practices have typically run on the basis that an individual performs their related training, commences work in a firm and gradually progresses up the ranks in experience and seniority. Some individuals will then have a view or desire to…
Read MoreSOLD IN < 4 MONTHS: PPN00187 - Sydney CBD Accounting Practice For Sale
SOLD in less than 4 months This long standing firm is located in the heart of Sydney’s CBD with fees forecasted at $680K for FY 2016. Services are representative of general accounting and tax compliance with some 440 lodgements in 2015 excluding BAS. There is a good spread of trust (88), company (52) and SMSF…
Read MoreBASN03964 – Newcastle firm seeks up to $3M fees
A well established, exciting, dynamic, entrepreneurial practice located in Newcastle is seeking an acquisition opportunity which is either based in the Newcastle area or is within a 2 hr drive or flight from this region which may include areas such as Sydney, Brisbane or perhaps select regional centres. Ideally the firm will have a couple…
Read MoreStaffing Black Spots
Staffing Black Spots Most firms would agree (with perhaps the exception of our insolvency colleagues) that the most recent GFC and the subsequent fall-out this has had on business and the profession as a whole has generally not been helpful or positive. On a more optimistic note, one aspect previously representing the ‘bane of existence’…
Read MoreAre Off-Market or Publicly Listed Practice Sales Better?
Are Off-Market or Publicly Listed Practice Sales Better? Practitioners often ask me, ‘what’s the market like for practice sales at the moment’? My recurring response is generally along the lines ‘I would be a very happy woman if I had a practice to sell for everyone who wanted to buy one’. In essence, it still…
Read MoreWill Global Growth Rates & Industry Reform Impact Upon Your Firm’s Growth Aspirations?
Will Global Growth Rates & Industry Reform Impact Upon Your Firm’s Growth Aspirations? Last month I attended a conference where Dr John Hewson, economist and ex leader of the Liberal Party in the 90’s, presented on the economic future of small business in Australia. He reflected on the broader international climate, the potential impact this…
Read MoreWhat Type of Growth does Your Firm Desire?
What Type of Growth does Your Firm Desire? Over the last couple of days I have been reading the latest growth updates provided by firms at the bigger end of town. Those who have achieved 1-2% growth whilst others are reporting 10%+ growth and it made smile. Looking at some of the reported results, it…
Read MoreHow Easy is it to do Business with Your Firm
How Easy is it to do Business with Your Firm Now before I head down this path, it’s essential to acknowledge that it is impossible to be perfect in this area, as much as we may all want to be. While we all endeavour to put in place processes and procedures to master the art…
Read MoreSOLD: PPV02381 – Melbourne Accounting Practice for Sale
THIS PRACTICE IS NOW SOLD An exciting highly profitable growth opportunity for a well established significant purchaser. This highly efficient firm has a solid client base and a quality team. Its systems and procedures are state of the art. Its services encompass annual financial statement preparation, tax compliance and business advisory offered predominately to the…
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