COMPLIANCE AUDIT - IS YOUR PRACTICE COMPLIANT? Are you compliant? You think so. But have you checked? Compliance areas you should audit: 1. Data security (client data encrypted, backed up, secure) 2. Privacy (complying with privacy law) 3. Tax (you're calculating taxes correctly, lodging on time) 4. Superannuation (paying contributions on time) 5. BAS (lodging accurately, on time) 6. STP (payroll reporting to ATO weekly) 7. Accounting standards (using correct accoun

HOW TO POSITION YOUR PRACTICE FOR ACQUISITION Maybe you want to sell your practice someday. Acquirers (other practices, larger firms, private equity) look for: 1. Recurring revenue (clients that stay, predictable) 2. Systemized processes (doesn't depend on owner) 3. Strong team (good people who will stay) 4. Good margins (profitable) 5. Client relationships (you're not the main relationship) Most practices fail on #2, #3, and #5. They're too dependent on the owner,

BRISBANE ACCOUNTING PRACTICES - GROWTH OPPORTUNITY Brisbane has: - Growing economy - Less competition (fewer big practices) - Lots of small business - Construction/mining clients - Growing tech sector BRISBANE-SPECIFIC OPPORTUNITIES 1. Construction accounting (construction boom in Brisbane) 2. Small business advisory (high density of small business) 3. Franchisee accounting (franchise sector growing) 4. Agricultural accounting (surrounding regions) Brisbane practices

MELBOURNE ACCOUNTING PRACTICES - SCALING STRATEGIES Melbourne has: - Strong business community - Tech-forward market (software, startups) - Growing professional services sector - Competitive practices - Good access to talent MELBOURNE-SPECIFIC CHALLENGES - Market is competitive (many practices) - Tech companies demand modern processes - Startups expect advisory (not just compliance) - Good people expensive (talent war) MELBOURNE-SPECIFIC OPPORTUNITIES 1. Startup acc

THE HIDDEN COST OF POOR ACCOUNTING SOFTWARE You're using accounting software. But is it right for you? Many practices use: - Desktop software (old, hard to access remotely) - Cheap cloud software (limited features, poor integrations) - Multiple systems (Xero for accounting, separate payroll, separate time tracking) - Manual workarounds (because software doesn't do what you need) Cost of wrong software: - Manual workarounds (10-20 hours/week) - Errors (wrong data, dupl

BAS lodgement is eating your practice alive. Every quarter: - Clients send messy data - You piece it together - Someone (usually you) reconciles everything - Last-minute rush (always late) - Mistakes happen (amendments needed) - Client confusion (why are numbers different?) - Your time: 15-20 hours per quarter PER CLIENT For 20 clients with messy data: - 300-400 hours/quarter on BAS - That's 7-10 weeks of work - Worth £15K-£25K of your time - Could be doing client advisor