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Peter Towers, creator of ESS BIZTOOLS, tools written for accountants so they can quickly and easily offer business advisory services to their SME clients, presents news topics that accountants should be aware of if they work with SME clients.

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Start-Ups Who Have Developed “Something” Can Be Attractive for Investors

Start-ups – Looking for Finance? Have you got clients who have developed a new or significantly improved product, process, service, organisational or management methodology who are keen to raise finance to complete the commercialisation of their research activities? If so, Early Stage Innovation Company Status could assist your client to be able to attract investors. Firstly, let’s look at the key requirements for the “First Test” to be able to satisfy the Early Stage Innovation Company Status. View The Full Article Here


26 Feb 2020

Rank #1

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Business Improvement Services Explained!

The start of a new decade! 2020 heralds the start of a new decade – “The Decade of Change”.  Many people expect this decade to introduce significant changes to the accountancy profession – some observers believe that 80% of the current work been undertaken by accountants will have disappeared by the end of this decade! Your opportunity to offer a broader range of professional services: Whilst software and technology developments are taking over many of the traditional roles performed by accountants there are still tremendous opportunities for accountants in public practice to offer a broader range of “Business Improvement Services” to assist your clients to run better businesses. Clients looking for assistance in operating their business: Many small and medium sized enterprises are seeking a “Chief Financial Officer” type service to assist them to add value to their business... Read Full Article Here


14 Feb 2020

Rank #2

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Impact of COVID-19 and Financing of Businesses

Welcome to some winter weather!  It’s great to see that some of the States and Territories are opening up for business operations again.  There are going to be plenty of challenges for accountants to respond to, especially as we approach 30th September. Read more: https://www.essbiztools.com.au/index.php?option=com_zoo&task=item&item_id=270&Itemid=639


26 May 2020

Rank #3

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Accountants Need An “Opportunities Mindset!”

Greetings – we hope you're staying safe! On Friday 17 April 2020 we launched the first of our “COVID-19 Survival Panel” webinars with keynote speakers Andrew Geddes and Jordan Lowry. Andrew Geddes, a well-known consultant to the Australian accounting industry and a top 200 ASX public company chairman, gave an interesting overview on the approach to the crisis that is being employed by the twelve businesses that he is chairman of which are involved in accounting, IT, engineering, surveying and a couple of start-ups. Andrew indicated that their guiding values were to treat their team in an exemplary manner with more communications, planning and review with involvement across all sections of the individual firms. The firms have lifted their customer experience to new highs at every “touch point”. Some of the firms are utilising this “less busy time” to simplify all processes and share the learnings with the other team members.... Read The Full Article Here


22 Apr 2020

Rank #4

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This Is A Defining Moment!

This is definitely a “defining moment” for the Prime Minister - Scott Morrison, Treasurer - Josh Frydenberg and the Chief Medical Officer - Professor Brendan Murphy and the State Premiers and Chief Ministers of the Territories and their advisors, but it is also a defining moment for accountants and business advisors who will be called upon to offer advice and support for small businesses and medium-sized enterprises in areas that many of you have not considered to be part of your engagement with your clients previously and this is “Business Improvement Advice! Read more here: https://www.essbiztools.com.au/index.php?option=com_zoo&task=item&item_id=260&Itemid=639


27 Mar 2020

Rank #5

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Coronavirus Stimulus Package for SMEs

On Thursday, 12 March 2020 the Prime Minister announced a stimulus plan to curb the economic impact of the coronavirus and to keep “Australians in jobs and businesses in business”. The package, which aims to provide an immediate stimulus to the economy, will be worth $17.6 billion of which $11 billion is expected to be spent before 30 June 2020. Read more: https://www.essbiztools.com.au/index.php?option=com_zoo&task=item&item_id=258&Itemid=639


16 Mar 2020

Rank #6