The Importance of Maintaining Your Average Earn Rate Pleasingly we have found the continued rise of earn rates within accounting firms throughout Australia. Not too long along such rates would be $100 per hour, $120 per hour, $150 per hour, however depending on the firm’s location, size, services, types of clients and staff, current values…

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Challenges Facing Practitioners on Salary Reviews Managing personnel would have to be one of the most significant challenges for all practitioners. Today’s world is about employee satisfaction and engagement. There is the constant challenge of hiring, retaining and rewarding personnel. Questions arise around just who are the right type of employees to target for your…

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Tips & Traps to Structuring a Practice Offer Structuring an offer to either sell or buy a practice is one of the fundamental pillars in the practice sale/transaction process. Typically, the purchaser would submit an offer to purchase a practice, however the vendor could also define the type of terms that they would like to…

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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…

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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…

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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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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…

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