Clarity Street received some pretty exciting and humbling news this morning, perfectly timed to celebrate International Women’s Day 2019 #IWD2019. Amy Holdsworth our CEO + Founder of Clarity Street, has been named among the 'Top 50 Women in Accounting' for 2018, submissions curated globally via Practice Ignition.
Thank you to Practice Ignition for being at the forefront in recognising the impact that women have in this industry and celebrating our efforts, it’s so appreciated!
Having been nominated by our colleagues and friends, the work we do within our company and community has also been recognised as outstanding by the extraordinary judging panel. It’s an absolute honour to have her stand amongst these Top 50 Women in Accounting, please join us in celebrating these remarkable ladies.
The constant desire to make Accounting firms & SME’s more efficient and profitable, is how Clarity Street was conceived. With all the apps out there in the market place, the industry tells them "WHY" an app is great, but not "HOW" it fits together in practice. It is our sole purpose and that of Clarity Street, to assist clients understand "HOW" to actually connect their wonderful apps to streamline their internal workflows and processes so they can spend less time dealing with disjointed software, get more work completed, provide more value allowing for happier clients and increase capacity to translate to profits.
She's pretty passionate about this industry and one of the questions asked in the submission is what can the industry do to support and encourage young females to be the next industry leaders? Here’s what she had say...
Change needs to come from the top. The industry, in particular the industry bodies ie CPA, CA, IPA, generally need to recognise that females have equivalent value and skill sets and that just because you’re male, doesn’t equate to being more knowledgeable and therefore the trusted advisor.
Globally we have a gender gap, but this isn’t about wages in my eyes, it’s about mentality and how women are perceived in business. It’s a two fold attack to bridge this gap, more opportunities to teach women how to value themselves equally and then develop skills to succinctly deliver this value and secondly, the industry needs to stamp out the “boys club” mentality and promote equality from a talent perspective. Point in case, I’m the CEO and director of Clarity Street and when my male counterparts join in on new client meetings, regardless of how open minded the client is or what information is being delivered, they will always migrate to my colleagues in preference of dealings.
Women in business are constantly judged, for being too forward, too opinionated, too moody, too quiet, too…anything apart from just being good at what they do in their role. And when we stand up for ourselves then we’re emotional and whiny. It’s tiresome. How about, we are seen as equals within the industry, based on our ability and the outcomes for the client and business in general.
In support of the above, it’s also time for new industry wide KPI's to be put in place that measure quality and output structured on deadlines and turnaround times to allow for more flexible working hours & environments for females in the industry. The mentality around being measured on dollar value performance or in relation to being visible during "standard" office hours needs changing. It’s outdated and archaic. We’re a formidable force and can multi task like no tomorrow, it’s time the industry recognised this and allowed us to deliver the outcomes required in a more flexible format.
International Women’s Day 2019 #IWD2019 is a time to take stock and be thankful for every female before us who pushed the boundaries of society and conditioned thinking, to allow us the opportunities that we experience today. It’s also a time to celebrate being AWESOME!
Once again thank you to Practice Ignition for their recognition of not only Amy, but all women in the accounting industry. While it is just a top 50, we believe this sort of recognition only serves to improve the image and stigma of women in the accounting industry - Keep on drinking wine ladies!
If you think that you need the services of Clarity Street, get in touch with us!
Our recent blog posts have talked about Single Touch Payroll (STP) becoming mandatory for all businesses soon. It was announced yesterday, that employers with 19 or fewer employees will have to report under STP rules from 1 July 2019. Businesses with 20 or more employees began reporting from 1 July 2018.
We've mentioned this in our previous blogs here and here, but essentially, now that the legislation has passed, it's imperative that you're ready as of 1 July.
Things you can do:
Want to know more, get in touch with us!
Did you catch our last blog about Single Touch Payroll (STP)?
Well, as an update, the ATO announced last week that you can now start reporting on Single Touch Payroll, so why not start and get into the habit!
Here’s what they had to say about it.
Our good friends at Xero have clearly explained everything you need to know about Single Touch Payroll also known as STP, you can find all the info by going to their landing page.
In the meantime, here’s a snapshot of what you need to know below.
Nearly every accounting firm worldwide uses a time multiplied by rate per hour’ method to determine the price of the work. We personally believe that this method is an archaic method of pricing. It is also a conflict of interest because what it means is (as an industry) we are directly rewarded for how inefficient we are. The longer we take to do the job, the more we get. It is not promoting good customer service or faster completion time; and not only that, you have no idea how much the job will be until the bill is received.
As of 26 January 2019, Xero will no longer be “supporting” (pun intended), the ability for their customers, yes both business and their accountants, to email in a support request. Instead Xero will now be utilising a portal that is housed within their Xero Central support platform.
Clarity Street Advisors was conceived from years of engaging with Accounting firms and desire to "do things right", when managing our business in order to provide our clients with and Exceptional Level of Service.