The two terms that came out of the Great Recession here in the US were 'Flat is Up', and the 'Accountant Recession' or the 'Recession-proof Accountant'. Flat is Up meant that accounting firms during that period were able to achieve flat growth year over year even though their workforce was eliminated by 40%. They [...]
This is a bit late in the day, but a couple of ways to at least be aware of changes to the ATO Covid 19 information is to set up an IFTTT Applet. The ATO RSS feed is https://www.ato.gov.au/RSS-news-feeds.aspx?fbclid=IwAR1jb1NPHLz5M3qAUOLKzFb6APdZnvX-xRP69gzN_1x3oWfaulLMksLxavM and the specific Covid19 RSS feed is https://www.ato.gov.au/rss.aspx?category=5737. The Applet I set up is in the [...]
I think there's challenges, significant challenges, but any big kind of shift like this also creates opportunities. So, being ready for those opportunities, but also being realistic about some of the challenges that we have to face. And we don't know where we're at in the journey right now. It's kind of like a [...]
I’m grateful to people who’ve reached out and shown me kindness recently Thank you to Emily-Jane Shurey, Carolyn Breeze and the GoCardless team for the Stay at Home gift basket, complete with coffee, chocolate, audiobooks and tracky dacks. Thank you to my neighbour who dropped chocolate off in my letterbox, and other unknown neighbours who [...]
Community Chat is for Accountants and Bookkeepers in Practice to meet, connect virtually, maintain meaningful relationships while continuing to work virtually and talk on a topic that interests them. Starting every Wednesday at 4 pm interactive, entertaining, and emotional, like an impromptu chat with a colleague while queuing for coffee, in a virtual setting. [...]
"I mandated across the firm what type of clients we would work with, the personalities of those clients, the technology that was used, and the core service offering. So, that allowed us to standardise pretty much everything. I think that's the secret." Ryan Lazanis Today I’m speaking with Ryan Lazanis Founder of Future Firm [...]
Xero have been the first to say we're going to create a ecosystem and we're going to have an open API and you're going to be able to do all this cool stuff. But historically, that was never the case. Everyone lived in their silos. So for us now to all start talking together [...]
I’m going to attempt to maintain a live document monitoring flexible responses of Accounting Apps during Covid-19. Many recognising businesses are under strain, and employees are working from home in response to the COVID-19 (coronavirus) outbreak, and are meeting changing demands. I’ll also include some interesting technological resources that can help you through challenging times. Please [...]
We're going to run out of cash in five months time. So what do we do to avoid that situation? Because if we have to go into liquidation and start up again, that's a lot of pain. Staff are going to lose our jobs. We're going to lose our company. It's not going to [...]
When a client comes in. We'll say, look what apps are you using? What's the workflow? What's happening there? Can we automate? And we either try and do it ourselves, I'm encouraging the team to research and be able to help. Or, if it's too much, let's say for example, we've got someone who's [...]
