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News, Advice & Information.

AFR Article – Extending Services boosts rise of small private outfits

Extract of article below dated Wednesday 29 November 2017 with reference to Peters and Partners   “Acquisitions have been another area of revenue growth for accounting firms, with AZ Next Generation Advisory making four in the past year. The firm’s accounting division director, Michael Peters, says revenue growth has come from a combination of acquisitions and organic growth. “We have focused on investing in profitable firms who have an appetite to continue to grow in both size and profitability, and their evolution at a practice level has helped push our overall growth,” Peters says. The firm has also worked diligently...
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Good Protection From Bad Debt: 10 Fast Facts About Credit Risk and Trade Credit Insurance

Arrium Mining and Dick Smith Electronics were two of the largest collapses in 2016. Both ASX listed and well established businesses. There is no certainty in size or reputation. Other well known brands that went into insolvency recently include: Payless shoes, Herringbone, Marcs, Huxley Homes, Howards Storage, BLK, Pie Face, Keystone and many more. Both the Retail Industry and Construction Industry are flagged by trade credit insurers as growing risks in the next 2 years. Mining continues to be volatile in some sectors. Facing Retail is the impending arrival of Amazon and other online competitors that are challenging traditional bricks...
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Press Release: Peters & Partners joins Azimut Group

Azimut’s Australian subsidiary, AZ Next Generation Advisory (“AZNGA”) today signed a binding sale and purchase agreement to acquire the entire capital of Peters & Partners (“P&P”). The agreement includes a share swap of 49% of P&P’s equity for AZ NGA shares and a progressive buy back of these shares over the next ten years. AZNGA has been focussed on investing in financial planning companies for the past two years and recently completed it’s 28th financial planning transaction. The acquisition of P&P is AZNGA’s first foray into the accounting market. AZNGA intends to inject capital into P&P with a view to...
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2017 Federal Budget Newsflash and Invitation

Budget projected to be in surplus by 2021, medicare levy hike, massive infrastructure spend to boost economy, negative gearing left as is, big 5 banks to be levied 6 points raising $6.2bn, small business $20k immediate write off extended, downsizing retirees given extra superannuation contribution cap, first home buyers given tax breaks to save for deposit. Newsflash provided courtesy of Eureka Whittaker Macnaught.   Michael was also at a budget dinner tonight with Brian Hartzer (Westpac CEO) and Bill Evans (Chief Economist Westpac) and interesting discussion around the drivers of the budget moving to surplus, forecast key assumptions, housing affordability,...
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What kinds of things can businesses do to use automation to free up more time for growing their business?

To grow any businesses today – it’s important to ensure the experience any client has with any business is extraordinary. Many businesses have settled with legacy practices because it is what they know best, however businesses that have accepted automating certain parts of their business have substantially re-invented themselves. Introducing a Customer Relationship Management system has transformed the way client servicing occurs. Information flowing from business websites, electronic direct mail campaigns as well as mobile applications in real-time provides snapshots on client behaviours and preferences. It allows business to reach out to clients and provide: Special offers New arrivals/product and...
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