Category Archives: Firm Announcements

Economos recognized as Top AFR Accounting Firm

Economos  Business  Accountants  Listed  in  AFR’s  Top  100  Accounting   Firms of 2019

Economos has once again graced the Australian Financial Review’s list for the top 100!
This is great news for our team here at Economos and also for you–our valued clients.
After all, our place on the list serves as a testament to our commitment to you and to
making sure the accounting services you enjoy are among the best in the business. The list
itself also helps us to draw some very interesting conclusions about the state of the
accounting field today, as we move into a new year and a new decade.

What Makes Economos Stand Out from the Crowd?

So, what criteria do the Australian Financial Review use when judging which accounting
firms to place on their list? To begin with, all listed firms provide a high quality of service to
their clients, going above and beyond to meet their needs as they evolve and develop.
However, the AFR has stated that only the most innovative and forward-thinking of firms
have been awarded with a place on the list. The AFR has also said that they are keen on
rewarding the efforts of accounting firms that have expanded beyond the traditional
boundaries of auditing and taxation work. These firms are providing higher-margin
consulting work and are striving to optimise the position of clients across a number of
fields.

A New and Evolving Set of Services from the Best Accounting Teams

There is a serious market for this kind of higher-margin consulting, andthe growth in
revenue experienced by the top 100 accounting firms demonstrates this.The top 100
accountancy firms grew their revenue by 9 per cent in 2019, reaching a cumulative total of
$12 billion.
This growth reflects the Economos team’s own experience. We have been working togrow
and to diversify what we offer to our clients, including expanding the following services.

CFO Advisory

We have noticed an increasing number of business clients searching out advice and
support that could be offered by a CFO, so we have developed services designed to meet
this need. Our services cover the establishment of key operation and financial KPIs, risk
management, crafting effective budgets, and more.
To learn more about Economos CFO Advisory please click here”.

International Compliance Advisory

Many of our clients find themselves expanding their operations overseas, which is great for
their business and for their future prospects but brings with it further complications.
International regulations can be difficult to follow, and staying on top of them–as well as
being fully compliant–is critical if business owners are to thrive in these new and exciting
markets.
 “To learn more about Economos International Compliance Advisory please click here”.

Tax Advisory

Our tax advisory services offer expert help at a fraction of the cost of hiring an in-house
team.
At Economos, we are proud of these and of all the services we provide, and we are very
happy to have been included on the AFR’s prestigious list for another year.
To learn more about Economos Tax Advisory please click here”.

STRATA Master Accreditation Announcement

We are excited to announce that Rockend Technology, one of the leading technology providers of the strata and property industry in Australia and New Zealand have appointed Econ Strata & Real Estate Services with STRATA Master Certification, as of 1 March 2017.

Econ strata master combo

This certification is an acknowledgment of both STRATA Master expertise and the ability to deliver high quality training, consulting and comprehensive accounting services to the strata industry.

Our growing success is down to working alongside strata managers to understand the challenges they face in both running their business and managing the demands of owners and strata committees.

The challenges faced in business are generally not isolated to any one company, and Aylie Brutman now in her 25th year of strata continues to draw on her experience to assist managers to improve their business process, create efficiency, leaving more time to build relationships with owners and committees.

Our team of experienced professionals provide efficient and reliable services accessible 24/7 via our Client Portal; taking the pressure away from Strata Managers and giving them back time to spend on what they do best; managing people and their property.

We’ve done this before and we can do it for you. We get it done.

Leasing Finance Opportunities

In  recent weeks Economos Mortgage Solutions have increased our leasing finance activities across both motor vehicles (personal & business) and business equipment. This has occurred due to Partners and staff taking a proactive approach in discussing with clients, both their current & future finance requirements.

EMS have been able to secure very competitive quotes and so far we have managed to secure all the business that has come our way.  In addition to excellent  pricing, the turnaround times from lenders has been prompt.  In short, our clients have  found the process very convenient & cost effective.

There is an opportunity for any clients that have business equipment or manage motor vehicles through any of their entities to work with us in securing their next purchase.  The security provided is the asset to be purchased only.

While leasing providers have a tendency to quote in the form of a monthly payment amount over say 3 or 4 years, with sometimes a residual amount, calculations show interest rates starting from around the high 4’s -5%.   In one case we were also able to secure very competitive pricing & frequent flyer points for a  lease to the value of $70k.

car_leasing_contract877

Not restricted to, but examples of the types of assets we can look to provide finance for include:-

  • Machinery
  • Motor Vehicles (for personal or business use)
  • Computers
  • Printers
  • Industrial Plant
  • Furniture
  • Excavators
  • Forklifts
  • Medical equipment

There is also flexibility with the structure of the finance depending on the circumstances:-

  • Chattel Mortgage
  • Finance Lease
  • Operating lease or rental
  • Novated Lease
  • Commercial Hire Purchase (CHP)

Feel free to have a chat with me if you have any queries.

http://www.economos.com.au/

Economos Mortgage Solutions Pty Ltd

Stephen Kirk – Senior Credit Officer

Economos present at Migration Institute of Australia’s 2016 Annual Conference

Last week, our Director of Tax, James Meli, attended the Migration Institute of Australia’s 2016 Annual Conference at the Brisbane Convention and Exhibition Centre.

Economos was also well represented at the conference by Partner Albert Lam and Senior Manager Paul Pham, who provided clients with practical guidance on a range of topics relevant to their clients.

James presented to the attendees on inbound tax issues for migrants, highlighting the myriad issues for individuals to consider and that migration agents would be well placed to raise with their clients prior to their arrival or conversion from a temporary to permanent visa.

Check out the presentation slides here – MIA 2016 Conference Presentation

If you or your clients need any assistance on inbound (or outbound) tax issues, whether for secondments (short-term or long-term) or permanent migration, feel free to get in touch!

ONE Charity Gala 2016

Economos supports the Blue Dragon

The ONE Entrepreneurs Charity Gala night for 2016 was held at the Doltone House Hyde Park Sydney on Friday 4 November 2016.

The masquerade night was in aid of The Blue Dragon Foundation.

https://www.bluedragon.org/

The Blue Dragon Foundation rescues kids in crisis predominantly in Vietnam but across South East Asia. Since 2003, Blue Dragon has transformed the lives of over 68,000 children, one child at a time. From a life on the streets, being trafficked or otherwise in desperate need, many of the children have gone on to become engineers, top award-winning chefs or successful business owners.

A senior Economos team of Adrian Byrne, James Meli, Leanne Tinyow, Natasha Denisenko and Paul Pham attended the masquerade evening and were proud to honour the Blue Dragon Foundation and the firm’s friend My-Ling Dang from Metis Law

http://metislaw.com.au/my-linh-dang/

A great night.

White Pearl Ball 2016

Economos proudly supports Sydney Neuro Oncology

The White Pearl Ball is a charity event for the Sydney Neuro Oncology Group (SNOG). http://www.snog.org.au/

The Sydney Neuro-Oncology Group is a charitable organisation, which aims to improve the management of brain tumours through targeted research, information sharing and constant scrutiny of treatment options.

Economos were proud to be one of the main sponsors of the White Pearl Ball for the second year in a row this year at the Westin Hotel Sydney.

The black tie ball on Saturday 5 November 2016 was the second annual event from SNOG and it is in aid of brain tumour research.

Economos Partners Adrian Byrne and Albert Lam (with wife Winnie) were joined by business directors James Meli and Leanne Tinyow (with her partner Richard), as well as senior staff Natasha Denisenko (with her partner Jonas) and Sebastian Olivares (with his wife Rachel).

A great night had by all.