The Impact Your Staff have on the Value of Your Practice

As we highlighted in our last blog, delegation is a powerful tool in making your practice more efficient and giving you more freedom in your work/life balance. Staff have a huge impact on the value of your practice in many ways and in this issue we explore the areas & effect they have. The Practice’s … Read more The Impact Your Staff have on the Value of Your Practice

Why your Website is like Compliance Accounting

The basic service for almost all Accounting firms is compliance work. Isn’t that how the profession came about: making sure their numbers are right? Compliance is essential, it’s basic, and most Accountants want to offer more than just the basics. Offering additional financial services gives you numerous advantages; more capacity as work is shared across … Read more Why your Website is like Compliance Accounting

6 Critical Goals for your Accounting Practice in 2021

accounting goals for 2021

Do you love your business? Getting it to a place where you truly love running it might seem impossible, but it’s not. Our mission is to help Practice owners, like yourself, achieve that sweet spot. Our Practice Valuation Reports delve deep into the workings of each unique Accounting business. You’d be amazed at the differences we see … Read more 6 Critical Goals for your Accounting Practice in 2021

How to Get Referrals from Existing Clients without Really Asking

How to Get Referrals from Existing Clients without Really Asking

In the Accounting world, client referrals make up the majority of new business, so they are an important part of business growth. Here we explore how to get referrals from existing clients without feeling awkward. We hear some Accountants who say they are too busy to take on new clients but guarantee in most cases … Read more How to Get Referrals from Existing Clients without Really Asking

Should I Sell My Accounting Practice? 5 Considerations for Succession Planning versus Sale

Do I Sell My Accounting Practice? 5 Considerations for Succession Planning versus Sale

Unfortunately, many Practice owners leave their exit plans until it is too late to make real ‘plans’. When they keep putting it off, they eventually make a rushed decision to sell, without comparing alternatives. Exiting doesn’t mean ‘Let’s just sell my accounting practice’, there are other options if you plan early enough. While a sale may … Read more Should I Sell My Accounting Practice? 5 Considerations for Succession Planning versus Sale

Grow your Accounting Business – 5 Steps to Increased Billings (& Happier Accounting Clients!)

grow your accounting business

Now is the time of year that clients expect changes to take place in the level and structure of their Accountant’s fees. According to Good Bad Ugly Insights, the average charge rate or fee increase for this year is 2.3%. Our mission, however, is for you to get the most value out of your business, … Read more Grow your Accounting Business – 5 Steps to Increased Billings (& Happier Accounting Clients!)

6 Important Considerations when Looking at the Value of Your Practice

The value of a Practice is the price a buyer is prepared to pay for it. Although you may not be looking to exit the industry for some time, highly valued practices are very profitable and attract clients who not only appreciate the advice that they receive from their Accountant, but are also prepared to … Read more 6 Important Considerations when Looking at the Value of Your Practice

6 Key Points for Tax Planning with Clients

Many clients rely completely on their Accountant to assist them with finances. The most helpful advice will come from knowing the business’ real-time situation and from meaningful discussions with the client on a regular basis. This year it’s more important than ever to talk to your clients about their business situation and help them put … Read more 6 Key Points for Tax Planning with Clients

What Efficient Accountants are Doing Right Now

At Abacus we understand the demands that Accountants are facing and are always looking at how best to manage these pressures. With client needs at the highest levels for some time, our conversations with Accountants have revealed some great initiatives and inspiration for getting through this challenging season. We understand you have lots of government … Read more What Efficient Accountants are Doing Right Now

You need to update your Shareholders or Partnership Agreement

We met with a client two weeks ago who, late last year, suddenly lost his business partner. It was a sad and unfortunate situation. To make matters more complicated their Shareholders Agreement wasn’t signed. The verbal agreement was long-established and the paperwork had been prepared but they never actually got around to signing it. Now … Read more You need to update your Shareholders or Partnership Agreement