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, thereby attracting clients focused on scaling their businesses.

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 tradespeople and accountants alike, as it highlights the critical role of accurate pricing in maintaining a sustainable and successful business, and offers a practical solution to a common challenge in the trades industry.

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 importance of accountants expanding their knowledge in this area to better support their clients' growth and long-term success. This piece is essential for accountants seeking to broaden their expertise in financial advisory services and capitalize on the valuable opportunities presented by equity financing.