About Growing Your Accounting Practice by Nexia Australia
It is challenging running an Accounting firm in Australia these days. Keeping up to date with constant legislative changes, a need for specialist input, adapting to new technology, dealing with cybersecurity and ensuring excellent client service are only some of the ongoing issues.
That's why we have created a podcast, specifically designed to provide advice to accounting practices who might not have the resources or time to be across all of the needs of their clients.
Each episode will feature one of our Partners/Senior Executives focusing on a particular area of their expertise.
Episode 9: IPOs and Cross Border Transaction Services
Join us in this podcast episode where our host Andrew Ford interviews the Partner of Audit and Assurance, and Corporate Advisory (Asia) at Nexia, Richard Cen.
In this episode, we first learn about Richard’s journey, and then jump into a discussion on IPO’s, how a company reaches this stage, and touch on cross border transaction services. A great episode for an introduction into what, why and how.
Richard has over 15 years’ experience in auditing, financial reporting, risk assessment, and the review and design of internal controls. Richard has been able to use his experience in professional services in China and Australia to provide specialised advice to international and local clients. As the leader of the Asian Advisory Service, Richard liaises with other Nexia offices in Australia and New Zealand, as well as Nexia International firms in China and the Asian region.
These combined resources are able to provide high quality assurance and advisory services to Chinese and other Asian companies with operations in Australia, as well as to Australian companies with operations in the region.
If you would like to provide feedback on this episode, or have any questions for Richard, please feel welcome to reach out below:
LinkedIn: https://www.linkedin.com/in/richardcen (https://www.linkedin.com/in/richardcen)
Email: rcen@nexiamelbourne.com.au (mailto:rcen@nexiamelbourne.com.au)
1 Sept 2021
Episode 8: Paul Clements – Financial Advisory Services, a deep dive after the Royal Commission
Join us in this podcast episode where our host Andrew Ford interviews the Partner of Financial Services at Nexia, Paul Clements.
In this episode, we deep-dive into the field of Financial Advisory services. Paul explains how this area has changed following the Royal Commission, including the requirement of Financial Advisors to have acquired and maintain qualifications and professional accreditation. Paul further explains what Financial Advising can help with, who can access it, how it is structured, the benefits of the service, and the processes the team at Nexia follows when working with clients in this area.
This is a very comprehensive and insightful discussion.
Paul’s extensive experience in public accounting and taxation services includes tax and business consulting to SMEs through to small public companies along with individual tax compliance and advice, including to expatriates, business valuations and strategic wealth creation and financial planning for individuals and business owners. Paul has also worked in the fields of forensic accounting and fraud investigation and has experience with a range of not-for-profit organisations.
If you would like to provide feedback on this episode, or have any questions for Paul, please feel welcome to reach out below:
LinkedIn: https://www.linkedin.com/in/pauljclements (https://www.linkedin.com/in/pauljclements)
Email: pclementsr@nexiamelbourne.com.au (mailto:pclementsr@nexiamelbourne.com.au)
28 Jul 2021
Episode 7: Changes to Financial Reporting, particularly for “for profit entities” that lodge special purpose financial reports with ASIC including AFSL holders
Join us in this podcast episode where our host Andrew Ford interviews the Director at Nexia Melbourne, Ben Bester.
In this episode, we first dive into Ben’s journey to becoming the Director at Nexia Melbourne. We then introduce this episode’s advice for accountants, where Ben outlines the changes happening the financial reporting regime, particularly for “for profit entities” that lodge special purpose financial reports. These changes mean that most companies that reported to a corporate regulator are now required to prepare a General Purpose financial statement, which includes significant additional detail compared to the previously used Special Purpose reports.
Ben has over 25 years’ experience in providing external audit services and CFO services to a broad range of clients in both the private and public sector. His extensive audit experience was gained with listed entities, VAGO, large non –reporting entities, not for profits entities, incorporated associations, and covered industries such as manufacturing, retail, education, health, clubs, associations, and self-managed superfunds.
If you would like to provide feedback on this episode, or have any questions for Ben, please feel welcome to reach out below:
LinkedIn: https://www.linkedin.com/in/ben-bester/ (https://www.linkedin.com/in/ben-bester/)
Email: bbester@nexiamelbourne.com.au (mailto:bbester@nexiamelbourne.com.au)
24 Jun 2021
Episode 6: Auditing advice for Accountants: how to keep up to date with the latest regulations
Join us in this podcast episode where our host Andrew Ford interviews the Partner of Audit and Assurance Services at Nexia, Geoff Parker
In this episode, Geoff gives an overview of the auditing practice. We then dive into the upcoming removal of Special Purpose financial reports for any entity required to lodge their financial reports with one of the public authorities, and the change to General Purpose financial reporting. Geoff provides some useful advice on how accountants can prepare for and manage this change.
Geoff has over 35 years’ experience within public accountancy, covering audit and business advisory services. He has gained this experience from his continuous engagement in large to small audits ranging from listed companies to small not-for-profit organisations. He became a partner of the firm in 1988.
If you would like to provide feedback on this episode, or have any questions for Geoff, please feel welcome to reach out below:
LinkedIn: https://www.linkedin.com/in/geoffparker2 (https://www.linkedin.com/in/geoffparker2)
Email: gparker@nexiamelbourne.com.au (mailto:gparker@nexiamelbourne.com.au)
14 Jun 2021
Episode 5: Accounting for Catholic & Private schools and charities: the latest changes in the reporting requirements
Join us in this podcast episode where our host Andrew Ford interviews the Partner of Audit and Assurance Services at Nexia, Andrew Wehrens.
In this episode we discuss the topic of Auditing, particularly across independent and Catholic schools as well as charity organisations. Andrew explains the upcoming changes to reporting requirements, focusing on the move from Special Purpose to General Purpose reporting requirements, and provides some useful advice on how accountants can prepare for and manage this change.
Andrew has over 35 years’ experience as a Chartered Accountant, with a wealth of experience across independent schools and Catholic colleges, charities and not-for-profit organisations, trade unions, philanthropic organisations and member based organisations. Andrew is particularly skilled in evaluating systems, controls and procedures for clients with limited financial backgrounds and can also turn up the tempo for financially savvy clients.
If you would like to provide feedback on this episode, or have any questions for Andrew, please feel welcome to reach out below:
LinkedIn: https://www.linkedin.com/in/andrewwehrens (https://www.linkedin.com/in/andrewwehrens)
Email: awehrens@nexiamelbourne.com.au (mailto:awehrens@nexiamelbourne.com.au)
9 Jun 2021
Episode 4: How to structure your Accounting business to increase its value and make it ready for sale
Join us in this podcast episode where our host Andrew Ford interviews the Partner of Business Advisory and Corporate Advisory at Nexia, Vito Interlandi.
In this episode we have an enlightening discussion across two topics. We first discuss growing your accounting practice from a business development perspective. Vito then gives advice on the Family Charter, and why these are so important for family owned and operated businesses.
Vito has over 20 years of finance expertise and management experience which he has gained from both corporate public practice and private practice.
If you would like to provide feedback on this episode, or have any questions for Vito, please feel welcome to reach out below:
LinkedIn: https://www.linkedin.com/in/vitointerlandi/
Email: vinterlandi@nexiamelbourne.com.au
1 Jun 2021
Episode 3: The forgotten factor of Mergers & Acquisitions: how to manage people for success
Join us in this podcast episode where our host Andrew Ford interviews the consulting COO of Nexia, Irena Hyde.
In this episode we discuss Mergers and Acquisitions, and what factors contribute to the difference between a successful and unsuccessful M&A. In this enlightening discussion Irena teaches us the importance of understanding the human element of the businesses undergoing the M&A.
Irena is a consultant to Nexia, currently operating as COO. Irena has over 20 years’ experience as an accountant, including a legal background and MBA. She has been involved in around 40 M&As during her long and successful career.
If you would like to provide feedback on this episode, or have any questions for Irena, please feel welcome to reach out below:
LinkedIn: https://www.linkedin.com/in/irenabeloffhyde
Email: ihyde@nexiamelbourne.com.au
25 May 2021
Episode 2: The latest tax regulations: the one mistake most small businesses make with their profit distribution
Join us for our second podcast episode where our host Andrew Ford interviews the Managing Partner of Nexia Melbourne, Paul Dal Bosco.
In this episode we discuss the Self-Managed Super Fund (SMSF), and upcoming legislation changes.
Paul explains the changes coming to the often-overlooked Division 7A. A Division 7A is created when a company has loaned money to a trust or individual. Paul explains the challenges that tend to come with these loans in the context of the changes and offers some advice of how accountants can approach this.
Paul has over 30 years of experience within taxation which he has gained from both the Australian Taxation Office as well as facets of industry.
If you would like to provide feedback on this episode, or have any questions for Paul, please feel welcome to reach out below:
LinkedIn: https://www.linkedin.com/in/pauldalbosco (https://www.linkedin.com/in/pauldalbosco/?originalSubdomain=au)
Email: pdalbosco@nexiamelbourne.com.au (mailto:pdalbosco@nexiamelbourne.com.au)
13 May 2021
Episode 1: The changing landscape of SMSF services: what Accountants need to know about the new regulations
Join us for our inaugural podcast episode where our host Andrew Ford interviews Nexia Melbourne’s Partner of Business Advisory and Superannuation, Tino Di Battista.
In this episode we discuss Self-Managed Super Funds (SMSF), and some important upcoming legislation changes.
Tino explains the changes relating to compliance and audit of SMSFs starting July 2021 and the changes accounting firms must make when appointing an auditor for their clients SMSFs. The previous working relationships of round-robin audits will no longer apply and firms will need to re-assess how to service their clients.
Tino has over 30 years of experience within the accountancy profession and financial services industry. He has extensive experience across a diverse range of clients and industries and draws on this experience to provide clients with innovative strategies to drive business growth.
If you would like to provide feedback on this episode, or have any questions for Tino, please feel welcome to reach out below:
LinkedIn: https://www.linkedin.com/in/tinodibattista/ (https://www.linkedin.com/in/tinodibattista/)
Email: tdibattista@nexiamelbourne.com.au (mailto:tdibattista@nexiamelbourne.com.au)
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