Research of Australian Accounting - Thesis Example

Download file to see previous pages The paper "Research of Australian Accounting " is an impressive example of a Business thesis.  After three years of detailed research of the accounting and bookkeeping industry in Australia, I have realized that there are new gaps that need to be filled. 

This is because of late, few accounting firms are offering bookkeeping and tax compliance services to small and medium-sized businesses in Parramatta and the surrounding areas and indeed in entire Australia. Instead, many accounting firms are nowadays opting for high-end services including auditing, superannuation, and financial planning, and information and communications technology. As such, I have identified a gap in the area of bookkeeping and tax services provider and hence a business opportunity that needs to be harnessed.  Thus, the Ultimate Book Keeping and Tax Services consultants firm is a business that has been developed to bridge this gap while taking advantage of the existing business opportunity.

            Ultimate Book Keeping and Tax Services consultant aim at addressing the provision of the services listed above by providing high-quality services at competitive prices. The service offering will be flexible to fit in with the customers’ requirements and preferences at all times.  Besides, the services will be offered to all types and sizes of businesses that fall within the small and medium-sized business segment with charges being set at the hourly rate though the rates will also depend on the nature of business being provided with the firm’s services.  To begin with, the firm expects to hire  5 bookkeeping clerks and 2 tax consultants on a full-time basis with the owner (me) overseeing the firm’s management on a day to day basis.  However, as the business expands and more businesses seek for our services, the number of employees is expected to increase with new branches being opened up.

            Detailed research of the Australian accounting industry has been conducted. The sector’s potential contribution to the GDP currently stands at $19 billion annually. I, therefore, feel that Ultimate Book Keeping and  Tax Services consultants are capable of capturing around $200,000 of this during its first year of operation with the company growing at a rate of 5%  and our market share in Sydney and its environs increasing at 2% on an annual basis. ...Download file to see next pages Read More