Rochdale Accounting and Financial Services is part of a network of accountants that is ranked in the top 10 accounting firms across Australia.

BRW magazine has just released the annual Top 100 Accounting Firms, ranked by Revenue for the 2010 – 2011 period.

Newcomer to the list, the Proactive Accountants Network has come in to the top 10 as firm number 9 ranking alongside industry heavyweights such as PwC, KPMG, Ernst & Young and Deloitte.

Rochdale Accounting and Financial Services is a member of this network, made up of firms from across Australia and New Zealand.

Interestingly, Proactive Accountants Network only launched as an official network in May 2011 with 65 members. In only 5 months it is now over 80 members strong generating $135 million in revenue each year.

But what does that mean for you?

A proactive firm will focus on long-term interests and overall business success rather than being an accountant that just offers compliance and tax related services.

By becoming a member of this network, we have committed ourselves to being proactive and setting ourselves apart from the rest. It allows us to broaden our expertise by being a part of a network but still remain independently owned to service our clients within our region with the same personalised service we pride ourselves on.

Here at Rochdale we offer advice to help your business reach its potential such as: 

·      How to grow your business

·      How to improve cash flow

·      Increasing profitability

·      Advising on succession planning or sale

·      Ensuring your assets are properly protected

·      Doing everything legally possible to minimise tax

·      Planning for financial retirement

When I am working with a client I go through a process to establish their real objectives. Out of that we develop a targeted action plan to follow. Our involvement can be at varying degrees, from providing tools to implement the plan themselves to working side by side to see the plan through. I encourage a quarterly catch up to ensure the focus remains and the business owners stay accountable to the implementation of the plan. I have found over the years it is quite easy to come up with the ideas but very hard to be disciplined enough to work on your business and see the implementation through within the desired timeframe. The role probably becomes more of a business coach and mentor rather than an advisor. As quoted by well known business coach Michael Sheargold “the power of an idea is in its implementation”

Over the next few months I will be sharing some of my own stories in business, which will provide the readers an insight to my experience and history. I will point out the lessons I have learned by the old school of hard knocks, with the aim to save my clients the same mistakes. Look forward to sharing it with you and any comments, questions or feedback you may have.

Signing off until next Blog.

Troy