Consistent with previous financial years, managing partner of HLB Mann Judd Sydney, Tony Fittler, said that advisory in general is going to be high on the firm’s priority list in terms of growing business divisions.
In particular, the firm is looking to boost its work in relation to fraud, which it noted appetite for last year.
“There’s always been work on fraud, and we’re looking to boost our work from responding when it’s detected to fraud prevention,” Mr Fittler told Accountants Daily.
“Those services have not been unknown to us, but they have been a bit ad hoc, now we’re taking a more maximised approach to market,” he said.
HLB Mann Judd has also been focused on improving services to its high net wealth and family business offerings, with estate planning and debt advisory work having a considered focus.
From a personnel perspective, last year the firm saw a “reasonable amount of change” in terms of staff movements, and is focused on consolidation for the financial year ahead.
“There was a reasonable amount of change and with some people leaving and new people coming on and deepening our business lines,” said Mr Fittler.
“The 2018 year is going to be a period of consolidating. It’s more about getting the people that have joined us over the last year up and running, or running well,” he said.
The ATO continues to provide firms with a steady stream of work courtesy of its tax changes, and HLB Mann Judd is no exception.
“The tax office tends to be a driver in our client base — with all the work on multinationals and non-residents, that’s leading to increased work,” he said.