Peter Towers, Managing Director of ESS BIZTOOLS and Jordan Lowry, Managing Director of Blackstone Business Group discuss HR and business issues facing small businesses in 2024 ..read more

In this insightful episode of Accountant’s Minute (based on Issue 387), Peter Towers, Managing Director of ESS BIZTOOLS, dives deep into the transformative role accountants can play in small and medium-sized enterprises (SMEs) by adopting a proactive advisory approach. He emphasises the limitations of traditional accounting practices that focus solely on tax returns, which often reflect past performance rather than addressing ongoing business challenges. Through the innovative Advanced Package, developed by ESS BIZTOOLS, accountants are equipped with tools to monitor key financial metrics, add ..read more

In this episode of Accountants Minute Podcast, Peter Towers, Managing Director of ESS BIZTOOLS, dives into the essential role of accountants and advisors in supporting SMEs through challenging economic conditions. Peter explores the gap in advisory services offered to SMEs and highlights how accountants can transform their approach by offering comprehensive virtual CFO services, leveraging modern tools, and adopting a proactive mindset. Discover insights into the ESS BIZTOOLS Starter Package, featuring 13 modules designed to upskill accounting teams and enhance their ability to deliver impactf ..read more

The success of SMEs in challenging economic times is increasingly tied to the advisory services provided by accountants. High interest rates, inflation, and business failures are creating significant hurdles, and many SMEs lack the fiscal management skills needed to navigate these issues. Accountants can play a vital role by offering continuous, year-round support, helping with debtor management, financial planning, and business enhancement systems. To remain viable, accountants should shift from traditional roles to becoming trusted advisors, as recommended by the former Tax Commissioner, the ..read more

In this episode of the ESS BizTools podcast, host Peter Towers, Managing Director of ESS BizTools, introduces the Tradie Charge Out Rate Calculator, a powerful tool designed to help tradespeople accurately determine their charge-out rates. The article emphasises the importance of setting rates that not only cover costs but also ensure profitability and business growth. By using this calculator, tradespeople can take into account all relevant expenses, including labor, materials, and overheads, to arrive at a rate that reflects the true value of their services. This post is a must-read for trad ..read more

In this episode of the ESS BizTools podcast, host Peter Towers, Managing Director of ESS BizTools, delves into the significant opportunities that equity financing presents for accountants. The article highlights how accountants can play a crucial role in guiding businesses through the complexities of raising capital, particularly through equity financing. Key topics include understanding the various forms of equity financing, advising clients on the strategic benefits of bringing in investors, and navigating the legal and financial implications of equity deals. The post underscores the importa ..read more

In this episode of the ESS BizTools podcast, host Peter Towers, Managing Director of ESS BizTools, explores the dynamic challenges and emerging opportunities within the accounting profession. The article emphasises the need for accountants to adapt to a rapidly changing business environment, where technological advancements and evolving client expectations are reshaping the role of financial professionals. Key insights include the importance of embracing digital tools to enhance efficiency, the growing demand for strategic advisory services, and the need for continuous professional development ..read more

In this episode of the ESS BizTools podcast, host Peter Towers, Managing Director of ESS BizTools, is joined by Trevor Marchant, Managing Director of Marchant Dallas. They discuss crucial financial management and advisory strategies for small businesses and entrepreneurs, particularly emphasising the need for thorough fiscal preparation before starting a business. The conversation highlights the often-overlooked aspects of business planning such as realistic budgeting, understanding supplier terms, and the importance of cash flow management. They also delve into the broader role of accountants ..read more

Featuring Trevor Marchant of Marchant Dallas, this podcast discusses the latest article produced by The Boss Factor Library ..read more

The '2024 NAB Accounting and Financial Planning Report' revealed that 85% of surveyed Accounting Firms are “offering business strategy”, emphasising the growing importance of Advisory Services in the Accounting Industry. While the report highlights the significant role of ‘Advisory Services’, it prompts a crucial question: Is your Accountancy/Bookkeeping Firm prepared to ‘DELIVER BUSINESS ADVISORY SERVICES IN 2024 ..read more