Alan Hall named AFR Top 100 Accounting Firm

AFR Top 100 Australian Accounting Firms 2021

Posted on 3 November 2021 | by Allan Hall

Allan Hall stands tall as a Top 50 Australian accounting firms

The Australian Financial Review again recognised Allan Hall Business Advisors as one of Australia’s Top 100 accounting firms.

We are very pleased to announce that our firm stands strong with a Top 50 rank in this year’s Top 100 Accounting Firms table.

Executing and sustaining a growth strategy in a marketplace of tough nationwide competitors are among the great challenges, and successes, of many firms in the Australian accounting industry.

Events around the pandemic proved that going the extra mile is more important than ever to clients and the community as we continue to navigate the uncertainties of an unprecedented health crisis.

Australian Financial Review data shows, for another year, just how much the business community – especially smaller companies – rely on their accountants during tough times.

Allan Hall Director Scott Jago said 2020 was about steadying the ship and doing a good job with no one overboard.

“For us, it was about improving our delivery and refining our approach.”

“Success to Allan Hall means achieving our goals whilst having fun along the way,” says Scott. “Consciously doing things that make a difference to our clients and our staff’s experience, and joining the dots on all the little things each and every day.”

“We would like to congratulate our team on this achievement, which is a testament to the value they provide to our clients and our whole business,” he added.

Review the full AFR list here. Please note that the article is subscriber-only content.

Allan Hall Business Advisors was also named AccountantsDaily Australian Firm of the Year for 2021.

cash flow can make or break your business

Improve cash flow and sleep better at night

Posted on 5 October 2021 | by Allan Hall

Cash flow can make or break your business, so take time to safeguard it

According to a survey by research firm East & Partners for lender Scottish Pacific, nearly 80 per cent of owners of small and medium enterprises said cash flow issues caused them the most sleepless nights.

So what might you do to improve your cash flow and sleep better at night? Here are five tips.

1. Build a cash reserve

Cash flow is the lifeblood of any business. To ensure that it makes, not breaks, your business, it’s important to build a robust cash reserve. This may help you meet your financial obligations in difficult times and allow you to take on opportunities to grow your business.

2. Separate business and personal money

By keeping business and personal expenses separate, you may better understand your business’s cash position. It may also ensure that you don’t use money meant for your business on personal expenses; for example, a holiday or your mortgage.

3. Get paid on time

If your business hasn’t been actively pursuing unpaid invoices, you may want to make it a practice – and have a strategy – to regularly chase up payment. Finding ways to encourage prompt payment, such as offering a discount to early payers, may help.

4. Control business costs

Controlling costs might help you to maintain a healthy cash flow. Experts suggest taking stock of your business expenses regularly to identify where you can cut costs without sacrificing growth. This may include reviewing your suppliers and negotiating better rates with them.

5. Protect your business

By taking out business expenses insurance and key person insurance, you may help ensure your business can meet its running costs if you or a key employee is too ill to work. Both insurance plans provide a monthly benefit if you or a key person in your business become incapacitated.

Work with a professional

Your professional financial adviser can tailor your insurance plans to your business’s cash flow protection needs, safeguarding what you’ve worked so hard to build.

General Advice Warning

The information contained on this website is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Mark O’Connell, Robin Bell and Allan Hall Financial Planning Pty Ltd are Authorised Representatives of Consultum Financial Advisers Pty Ltd ABN 65 006 373 995 AFSL 230323.

Allan Hall Business Advisors AFR Top 100 Accountants

Allan Hall and Alliott Global Alliance stand strong in 2020

Posted on 1 December 2020 | by Allan Hall

Despite the challenges of the year, Allan Hall Business Advisors along with our professional global network, Alliott Global Alliance, experienced continued growth as part of our aim to offer support and enable our clients to remain robust in the face of COVID-19.

The nation’s best accounting firms revealed – Allan Hall moves up 2 places in Australia-wide ranking

The Australian Financial Review again recognised Allan Hall Business Advisors as one of Australia’s Top 100 accounting firms.

We are very pleased to announce that our firm moved up two spots to position #40 in this year’s Top 100 Accounting Firms table, after being ranked #42 in 2019.

AFR Professional Services Editor Edmund Tadros said that the COVID-19 pandemic resulted in accountants becoming a lifeline for clients endeavouring to keep their businesses afloat.

“Accountants have had to navigate the ever-changing rules around programs such as JobKeeper to ensure their clients are best positioned to weather the pandemic crisis,” he said.

We would like to congratulate our team on their achievements, which is a testament to the value they provide to our clients and our whole business at Allan Hall Business Advisors.

Allan Hall Partner Scott Jago named Alliott Global Alliance APAC Chair

At the end of what has been confronting and challenging year, it has had a silver lining with the appointment of Scott Jago as the APAC Chair for the Alliott Global Alliance.

With three consecutive quarters of strong growth, the Alliott Global Alliance is expanding fast, and has its sights set firmly on growing its legal and accounting membership to 100 countries (the current tally is 185 member firms in 225 cities in 80 countries).

This is great news for clients wishing to expand their business into international markets as we have an increasing number of people on the ground in other jurisdictions who can help clients with all their business, finance, legal and HR needs.

It also benefits our local clients as we are able to benchmark our offerings against international standards and continue to expand our knowledge through the network and resources available to us through the alliance.

Alliot Global Alliance members work with a spirit of generosity and openness — working together as one to continue to fulfil our ambitions, gain greater experience and drive mutual success.

Alliott Global Alliance COO Giles Brake COO said, “While the business environment remains challenging, we are keeping alliance members connected to relevant information and to each other to ensure they have the resources to steer their clients out of the crisis and into the new normal.”

We congratulate Scott and look forward to his leadership of alliance members throughout the Asia-Pacific region.

Read full Alliott Global Alliance update here

Together as One. Allan Hall Business Advisors is a Member of the Alliott Global Alliance of independent professional firms.

Allan Hall excels again as finalist in the Financial Review Client Choice Awards for 2018

Posted on 13 February 2018 | by Allan Hall | Leave a Comment

They are the prestigious awards that are well-known in the industry. Ones that firms are eager to be recipients of because achievement is judged on client satisfaction and providing service excellence. We are excited to announce that Allan Hall has made the finals for the third year running with our Partner, Scott Somerville selected as a finalist in the Most Client Focused Accountant Category for 2018. In 2017 Scott Somerville was awarded as the ‘Most Client Focused Accountant’ in Australia and New Zealand, and in 2016, Allan Hall Business Advisors took out Best Accounting firm in Australia and New Zealand (revenue < $50 million) and overall winner of the Best Professional Services Firm in Australia and New Zealand (revenue < $50 million). To gain repeat recognition in this field reaffirms our focus on delivering trusted advice, which is highly received. We are hopeful that this finalist nomination will make it three years in a row as a win for the firm! Whilst Scott is a finalist for an individual category, any nomination is a testament to the quality, support and hard work of the entire team at Allan Hall Business Advisors. The Financial Review Client Choice Awards are independently researched and judged by Beaton Research based on feedback from clients of the firms that enter the awards. We would like to take this opportunity to thank all our clients who participated in the survey and for your continued support of our firm. The winners will be announced at a gala dinner on Wednesday 14 March 2018 at The Sofitel Melbourne on Collins St, so we wish Scott all the best. If you would like to learn more about our firm’s achievements or make contact with one of our trusted advisors, please contact us on +61 2 9981 2300.