How top performers increase their profits

Article Abstract:

A survey conducted by the Financial Management Research Centre reveals that the most profitable small- and medium-sized accounting companies have high personnel productivity, high hourly rates and high chargeable time ratios.

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Marriage of inconvenience may bring some partners close to tears

Article Abstract:

The proposed merger between the Big Six accounting firms Ernst and Young and KPMG Peat Marwick L.L.P., if approved by antitrust authorities in Europe, the US and Japan, would create an accounting firm with 12,800 partners and 163,000 employees. The combined billings of the firms total $18.3 billion. The merger can be seen as a marriage of inconvenience being effected due to the new rage for mergers in the business as KPMG Peat Marwick's US operations are troubled.

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Specializing builds expertise and fees

Article Abstract:

The Melbourne accounting firm Lipins Price is expanding through a focus on specialized services and products. The seven-partner firm, which has $4.1 million in fees, specializes in estate agencies, medical practices, construction contractors, and start-up travel agencies. Partners Erik Lipins and Bill Price are also engaged in financial planning and are making the goods and services tax a priority with clients.

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