Nexia ANZAC Newsletter March 2008 General News General News - Office Move Nexia ASR has over the last 12 months focused We are shifting. After teaming up with a considerable attention on the strategic direction of the large construction company we have firm. By agreeing on what we want to look like and organised to lease one of the largest what services we want to offer, we have set values buildings on prominent Hutt Street in the and behaviours consistent with this direction. City. Hutt Street is walking distance from We are in the final stages of introducing to our clients our “circle-of-life”. This contemplates our current office and is known for its restaurants, pubs and general commercial a full range of services targeted to our specific client profiles. We have structured our firm facilities. It is also a major thoroughfare which lifts our visibility and profile. We are to provide these services and have reviewed our client base and our target client market to currently consulting with architects to maximize our opportunity for the new space which those who would value this holistic service. The “circle-of-life” contemplates a cradle to will be 50% larger than our current office. The landlord has agreed to spend in excess of grave (and beyond for succession) relationship with valued clients. $1.5m on the exterior and interior of the building to ensure a contemporary design and Our partner group have also approved, as of 1 July 2007, a Board of Management to deal first class office facilities. with the day-to-day management of the practice. This comprises of the Managing Partner, For those who know Adelaide a little, Hutt Street is where they hold the street parties for the COO and two other Partners. the Adelaide 500, Tour Down Under and the Classic Adelaide. Our current building We have also undertaken a full assessment of compliance manager and compared it to overlooks the east parklands and is likely to be redeveloped into apartments. other project management tools in particular APS and have concluded that compliance Software Update manager is the software to move forward with. The firm has started the transition from using Solution 6 software to APS. Staff Announcements Implementation of APS has been gradual since the Christmas break. This software John La Rocca has been appointed Tax Partner as at 1 July 2007. John‟s skills in the created an opportunity for a full review of our procedures which has allowed many market we are targeting are significant and he steps up as head of our tax department improvements to be easily identified and changed. The real time operation of the upon the departure of Dennis Tomaras (poached to the dark-side of the big 4). software has and will further increase our efficiencies. We continue to take four new graduates in each half year. We have seventeen team Staffing - Secondees members doing the CA Management Accounting Module and currently have Belinda We seconded Karanae Barrey from Fort Worth, Texas for 3 months from August to Campbell seconded to Perth whilst Julia Konstantinidis returns from a 3 month stint in the October 2007. She was a great asset and worked solely in the audit division. We are Dublin Office. currently negotiating with Dublin for an audit secondee for the same period in 2008. Marketing Initiatives We have two recent CA graduates who are being seconded this year. Matthew Marketing initiatives are tailored toward our targeted client profile – namely the SME O‟Connor is being seconded to London. Haitao Peng is being seconded to Singapore. corporate and family/medium sized business fields. Harry Rosenberg is designing Both are also planning to take advantage of the opportunity and take additional time to programs and contacts to attract these potential clients. do further travel. We have established client focus groups where each of our divisional heads meet on a CAs and CPAs regular basis to thrash out ideas on a valued client. A follow-up is arranged with the client Thirteen staff members are undertaking post graduate study at the moment. We wish to for an open forum to discuss the potential services we can offer, and to glean from them acknowledge and thank all the extra work in undertaking their studies and the additional their needs. This to date has been very successful in cross selling and has been work hours performed for the firm. We would also like to congratulate Matthew and enthusiastically embraced by our clients. Haitao for their recent completion of the CA Program. Our newsletter is a constant source of interest and potential new business. Partner Retirement We are currently looking for a Marketing Coordinator to ensure that all of our efforts are Due to time restrictions with the ever growing and successful salary sacrifice followed through and that our database is kept up-to-date. administration business Access Pay Pty Ltd, Grant Octoman has become a consultant to A number of our clients have been going through the sale of their business which has seen Nelson Wheeler Nexia. Access Pay Pty Ltd has its separate office and is now a total significant new work for potentially less work in the future. The notion of a “circle-of-life”, stand alone business with Grant at the helm. He will continue to consult to the firm on a holistic service should capture the succession and funds transfers for the next generation. needs basis particularly to continue to develop the litigation support and business valuation sections of the practice. We have also hosted private client lunches with Wayne Swan (now Treasurer) and The Shadow Aged Care Minister. Nexia ANZAC Newsletter March 2008 Duesburys Nexia goes where the clients need them! Duesburys Nexia is proud to be associated with Melinda Swane has joined us as a senior manager in our Business Services Division. AusAid through the work that is being done by Melinda has joined us with ten years of experience in tax and business services at Bernie Creenaune in Port Moresby and the Anthony Curtis & Co, with five of those years as a partner. Her expertise and vast Solomon Islands. knowledge in the field will certainly be beneficial for our clients and staff. Mr Creenaune travelled to Port Moresby for the Volunteering Day months of September and October 2007 to Duesburys Nexia was proud to be one of the sponsors of the Special Children‟s provide professional audit services to AusAid, and Christmas Party in December 2007. will continue to provide these services to AusAid in the Solomon Islands in The Special Children‟s Christmas Party is held every year around the start of December February / March 2008. and the aim is to provide in excess of 1,600 children with a day they will never forget. AusAid needed a senior audit / risk management professional that had the experience, expertise and confidence to take on the challenge of preparing a Program Risk Plan in The children may be terminally ill, intellectually impaired or physically impaired. Twelve Papua New Guinea and undertake a major contract performance review in the Solomon Duesburys Nexia Staff gave up their day to help out for the event, which was held at Islands. Duesburys Nexia‟s Bernie Creenaune was the man for the job. Exhibition Park in Canberra on Saturday 15th December 2007. With over 18 years experience in public accounting and management consultancy including The party kicked off at 11 am and went for 4 fun-filled hours during which the children all aspects of financial accounting, financial and systems audit, risk management and were treated to a star studded show featuring many local and national artists. Over management consulting and over 16 years experience in general management and project 1,100 children arrived from all over the Canberra region to attend this fantastic event. management of Information Technology services delivery, Bernie was more than ready to The staff that attended had a fantastic day helping out and thoroughly enjoyed the take on this job. In the past, Bernie has worked in a number of overseas locations. company of all of the children at the event. We look forward to sponsoring this event Both Port Moresby and the Solomon Islands are very different working environments to again in December 2008. Australia, therefore we commend Bernie on his willingness to venture out of the office, his Client Christmas Party goes on - rain, hail or shine! ability to have an open mind about his location in which he works and his capability to be In December 2007 Duesburys Nexia held its annual Client Christmas party at the Royal sensitive to the cultural issues associated with working in the Pacific Islands. Canberra Golf Club. Although Canberra experienced thunder storms and heavy rain on Staff Additions the night 100 of our valued clients still arrived with bells on! Duesburys Nexia would like to formally introduce four new staff members to the team. The venue itself was truly beautiful. The clubhouse, which was built in 1962, was an Ly Mai is a welcome addition to the Tax Consulting division of Duesburys Nexia. Ly has elegant and sophisticated setting for this function. Overlooking the grounds of the Golf come to us from Clayton Utz where she was a solicitor in the Commercial Litigation practice Club our invited guests were able to mingle and enjoy a fine variety of canapés and group. Ly gained her qualification of a bachelor of commerce and law, at the University of wines. Canberra. We know she will be an asset to this division, and to Duesburys Nexia as a whole. The Christmas party was well received by all of the clients that came, as well as the Sadia Duke comes to us from Walter Turnbull. She will be entering our Business Services partners of Duesburys Nexia. Division where her experience as a senior accountant will be well utilised. Sadia received her Bi-Annual Seminar on Tax and Property Bachelor of Commerce, majoring in accounting, in 2005 and has since been updating her Duesburys Nexia will be hosting their bi-annual seminar in April this year at the Clifton knowledge through attended various training courses and seminars through the Institute of Suites. Mike Bannon, Duesburys Nexia‟s Tax Consulting Partner, will be the key Chartered Accountants. speaker on the night. The topic will be „Tax and Property‟. Panayioti Anastasiades, or better known as Panny, joins us as the Human Resources and We look forward to a big turnout from our valued clients and hope to give them insight Office Manager at Duesburys Nexia. Panny‟s extensive work history at companies such as into this significant area of the tax world. Quest Employment and Training Solutions, Tele Tech International and Network Ten ensures that he is well qualified to head this department. Panny attended the University of Technology Sydney to obtain his Bachelor of Business; Human Resources. We look forward to working with Panny. Nexia ANZAC Newsletter March 2008 Kia Ora koutou katoa no Aotearoa – General News Greetings to you all from New Zealand. Start of a new year – our focus at Nexia Court & A New Look for CST Nexia Co is “Being Great in 2008”. We have put in a 1 October 2007 saw the merger of Spencer Milliken process that all staff must complete timesheets & Hynds Chartered Accountants (a local CA firm) on a daily basis and Managers & Supervisors are and CST Nexia Ltd. The objective of merging the to review and post daily. To date, this has seen two practices, was to create a CA practice that an increase in partners and some staffs offered far more than two separate entities. productivity. Both practices have complementary service offerings, and client-bases, which allowed the Early January we sent out with our (increase in charge rates letter) a Client Feedback combined practice to offer the highest level of professional accounting and advisory services. questionnaire. We have had a great response and majority of forms received – we have Since the merger, we have already seen many positive changes as we draw on the best marked very highly in overall service. We want to really focus on adding value to our features of each practice and utilise our greater resources to continuously improve our existing clients and will be getting each partner to do a review of services currently offered services. The combined practice is known as CST Nexia Ltd. to their top 20 clients. Our People Staffing Moves Secondment opportunities for our staff reinforce our commitment to their ongoing At the beginning of February we welcomed our new graduates and cadets. Five graduates development, including the ability to gain global experience. commencing in audit and 2 cadets in business services. We have already started raising our profile at universities for next years intake. Kiri will feature in a film clip for UTS – in Two of our Auditors were fortunate enough to have this opportunity at affiliated Nexia firms in relation to tips on the recruitment process. Other than attending careers fairs etc we have San Francisco and Perth. Awhina Kahui-Ariki spent time with Harb, Levy & Weiland LLP in a number of speaking spots at different universities. San Francisco with Bianca Lobley spending time in Perth with Ord Nexia. Bianca, who is originally from South Africa, enjoyed her time so much, she and her husband have decided to Another initiative we are looking at is having access to TVET accounting students. relocate permanently to Perth, with Bianca joining the Ord Nexia team – she will be sadly Students in Year 11 & 12 that are completing the accounting diploma through TAFE which missed at CST Nexia Ltd. forms part of their HSC results. We have hired a couple of cadets in the past that have had During 2007 we appointed two Senior Managers; Wayne Tukiri as Senior Audit Manger and this course behind them and they have been able to tackle a number of accounting jobs Steve Young as Senior BAS Manager. that are not normally given to them until their second year. Around the Office Both Managers bring a wealth of experience to CST Nexia, from the public and private Late last year Kip Turner joined us as a Manager in Business Services for Steve Davis & sectors. Robert Mayberry. Sabrina Di Cosmo was promoted to Supervisor. We also welcomed back Our Graduate Intake programme continues with 4 new Grads this year, Jessica Li and Daniel Roth who left us to travel overseas for a couple of years. Daniel left us as a senior Shabnam Nafis for BAS and Rebecca Sculpher and Tony Chen for Audit. and has come back as a Supervisor in audit. We‟re proud to congratulate our seven accountants who sat and passed their final year Filling the role of Office Junior has always been difficult. We have never been able to professional exams! successfully recruit somebody who takes pride in what they do and stays for longer than 6 months. We had tried school leavers, mature age and mums wanting to work shorter Sponsorship hours. No success until we decided to give JobSupport Inc a try. JobSupport train and CST Nexia‟s privileged and proud to be associated with the Counties Manukau Rugby Football place people with intellectual disabilities into open employment. They come in and assess Union and the Counties Manukau Steelers in their NPC Challenge. This well established the role – we train them and they then train the person they believe suitable for a period of union has seen some extraordinary athletes, from 1950‟s All Black legend Pat Walsh through 6 weeks. to Jonah Lomu, Tony Marsh and Joeli Vidiri. CST Nexia‟s two year sponsorship is a great way to support local development and assist the club to foster the game and its players. Sophie has now been with us for 5 months – she is confidently completing and performing her tasks at a high standard. She knows everybody by their name and has been a great Lunch with the Opposition addition to the NCC team. Jobsupport continue to offer ongoing support during the John Key, Leader of the National party joined the Partners of CST Nexia, and a select group duration of Sophie‟s employment with us. of invited clients, in our Boardroom for lunch recently. It was a great opportunity for the Partners and clients to raise their concerns and issues regarding the NZ economy and Jayde Lyster is currently on secondment in New York. Jayde seems to be having a government policies in general. fantastic time in New York and is keeping us up to date with her weekly (very detailed) emails. cont. Nexia ANZAC Newsletter March 2008 In April and May 2008, Brad Butler and Daniel Roth from audit will be completing General News secondments in the UK. Brad will spend his time at Smith & Williamson in Southampton As we welcome the team back from the and Daniel in Bristol. In January, we celebrated Ian Stone‟s (Managing Partner) 30 Christmas break, we are all looking forward to years with Nexia Court & Co and in February, Nicole Mills 20 years. the exciting year ahead. For that reason, we are looking at specialising our services New Clients & Referrals towards medicos and will feature these details After 20 years of being the auditors for Wesley Mission we were unfortunate to lose the in the coming months on our website. job. However, we have been very active in tendering for a number of jobs and hopefully we will see some success out of these over the next couple of months. Clients & Referrals Our focus is leveraging off our existing client base and to also continue to increase our All divisions have been extremely busy this past month with a constant flow of work from our exposure in our key specialist areas. referral network. The Tax team has continued strengthening their relationships with Cullen & Co and Templeton‟s. The Audit team have recently won tenders with Inglewood Farms and We have developed a Business Exec team which will drive the partners to ensure the University of Queensland. The Commercial Services division has continued Business Development continues to be “business as usual” at Nexia Court & Co. strengthening their relationship with Mahoney Lawyers and Merthyr Law with continuous work being referred to and from these entities. Audit Appointment We have appointed Gary Gilbert as Audit Welcome to the Team! Principal and Sandra Hinds as Audit Senior. Pilot is proud to announce and welcome the following new team members; Shirley Tan, This is a big move for us and lays testament Vanessa Yang, Jenny Veitch and Yogeeta Das. We would also like this opportunity to to our commitment to audit. congratulate our new graduates James Russell and Katrina Mann in Commercial Services and Catherine Howard in Performance and Recovery. Both Gary and Sandra come to us from the U.K. and between them have significant Congratulations! audit experience. Contact Gary at firstname.lastname@example.org Pilot is proud to announce the recent engagement of Natalie Maguire, a Manager in our Broome Forensic team. Natalie‟s fiancé Mark McKay proposed under the stars at Mt Coot-tha For those of you who don‟t know, it costs NZ$1748.00 for a return ticket Christchurch – overlooking the lights of Brisbane. Broome. “hell” , do we support Nexia conferences. Look out for Marriotts‟ presentation We would also like to congratulate Anna Borissova, a Senior Accountant in our Commercial when it comes to the practice reports. Services team, on her beautiful wedding to Andrew Azans on Christmas Eve. What a way to Secondments celebrate the holidays! I don‟t like to grumble, but my impression is that secondments are more in the nature of Marketing Initiatives wishful thinking, rather than reality. We had a qualified person actually in London with a There are many activities planned for the first half of 2008. Our next „Pilot Directions‟ work visa and even with that situation, no appointment was forthcoming. newsletter is in draft and will be sent out in late February. We have some great articles from Intensive Planning Session our clients, Cullen & Co and the new „Lovethatplace‟ property website. As is our want, Principals took off to Surfers for our annual retreat. Very successful four Divisional marketing meetings are currently under way with each group coming up with some day talkfest. Lots of planning took place. Some grizzling but that‟s what the time is for, great initiatives over the next six months. Our Performance and Recovery division‟s 2008 isn‟t it? Marriotts is moving further towards a paperless office but for someone like me, Super 14 Rugby Tipping Competition kicks off in February which is always a great hit with its all rather nerve-wracking. referrers. CSTNEXIA We are currently reviewing the Pilot Brand Temple with sessions with our Managers and Graeme Marriott, our MP has a thing going with Charles Worth MP of CSTNEXIA. View Directors. Our focus will be on a refresh of the brand to raise our public profile with a view to to closer ties, especially in audit, training, planning and systems. Lots of common cement our creditability as experts with our referrers and clients and breathing life into the ground here. We find our relationship with CSTNEXIA rewarding in every respect. brand temple. Ski Season Have a look on the map and you‟ll see that Christchurch is close to Mt Hutt and for that matter Queenstown. If we can help you achieve your dream of a real winter holiday, give us a call. cont. Nexia ANZAC Newsletter March 2008 In conjunction with the Brand Temple refresh, we are working on individual marketing plans Staffing with our Managers. The purpose of these plans is to: In the last year we have had a number of new appointments, and a few who have moved on. • Strengthen referral relationships with new and existing referrers Key appointments and promotions include: • Identify top clients Darren Crawte - Darren has been with us for over 3 years. He commenced in audit, but in • Identify the growth potential of clients through cross selling across the divisions the last year made the transition to our Corporate division, assisting director, Ian • Secure new clients Macpherson. In recognition of Darren‟s senior role and responsibilities we appointed him as • Raise the profile of Pilot through our referral network, such as law firms, industry Associate Director in December 2007. bodies and government. Kosol Jong - Kosol joined us to take on the challenging task of Audit Manager, with The 2008 Careers Fairs are commencing in March. Pilot will be featuring at QUT, UQ, subsequent promotion to Principal, Audit. He has completed a full year end, and nearly Griffith, University of Sunshine Coast and USQ Universities as well as the ICAA Graduate completed the half-year reviews. He has done this with dedication and enthusiasm. Kosol is Employment Evening. The Pilot team is really getting behind the Careers Fairs with definitely “partner-elect” and we look forward to his progression in the firm. numerous staff volunteering to assist at the Careers Fairs. We have organised fun and Grant Meyer - Grant emigrated from South Africa where he ran his own practice with skills in vibrant stands with Pilot branding, posters, balloons, stubbie coolers, lanyards, water bottles, audit and tax. Grant is currently providing support to our Corporate division, with work on tattoos and an informative flyer about Pilot. many public companies and other secretarial duties. Pilot is busy organising numerous events for the first half of the year. On 6 March, Pilot will Kay Farrell - Kay has been with the firm for over 10 years. She was in Business Services as be holding a private viewing of The King of Pop, Andy Warhol exhibit. We‟re expecting Manager for most of that time. In July last year we appointed Kay as Practice Manager, and approximately 120 guests to join us at the event with cocktails and canapés flowing. We are she has taken on that role admirably. also busily preparing for the 2008 NAB Budget Briefing which is being held at Customs House on Thursday 15th of May. Spiros Papadopoulos, Senior Economist for NAB Capital Tim Blackburn - Tim joined us as Manager in Business Services after several years in has kindly offered to again act as our guest speaker. Pilot‟s End of Financial Year party has another firm. Tim has a strong background in business consulting and tax. been locked in for Friday 4th of July at a secret location and planning has commenced for Michael Craig - Michael was appointed Manager in Business Services, after serving 4 years the Pilot Race Day which is being held on Saturday 24th May at Doomben Racecourse. with us. Pilot Alert‟s continue to be sent regularly and can be found in the News section of our Michael Cooper - Michael joined us from Canberra where he worked with a consulting firm website along with the latest Pilot Directions newsletter. and also in audit. He has joined our audit division. General News Richard Bedico - Richard has also joined us in audit. He and his family emigrated from the The biggest bit of news in the last year was our Philippines in January 2007. Richard did his training with an international firm, and has also NAME CHANGE. After a 10 year honeymoon spent time in commerce. with Nexia, we finally took on the link name on In addition to the above we have taken on 4 undergraduates and 2 graduates, as well as 1 December 2007. some additional support in administration. You will all know us now as Ord Nexia. We have had excellent feedback from clients, bankers Marketing Initiatives and others for whom the new name has given extra meaning to our international connection. Given the strong economy in WA, we have had a reprieve from any significant marketing in Ord Nexia has experienced considerable growth over the last 2 years. Fees are approaching the last year. We realize this won‟t last forever, and are starting to develop some initiatives $4,000,000 (ex !) and staff numbers are close to 30 FTE. We have knocked out a few walls to take our dependence away from Corporate and Audit growth. Tim Blackburn has taken on and rearranged things to fit us all in. With our lease running out in a year, and high rentals in the Aged Care project with gusto. We are looking forward to the official launch of this at the West Perth, we have some planning to do over the next few months. annual conference. Secondees Other Activities We have enjoyed the company and professional skills of Bianca Lobley from CST Nexia, New We are hosting this years Nexia ANZAC Annual Conference. The conference is in Broome Zealand from July 2007 to September 2007. Bianca helped out with our 30 June audit from 18 to 20 April 2008. The Chairman of Nexia International, Mr Gareth Pearce will be workload, and her work was much appreciated. We currently have Belinda Campbell from attending, and registrations are filling strongly at present. The conference is being used as Nexia ASR also assisting in audit. Belinda came over in January 2008 and is going back to the launch point for the Aged Care initiative. We look forward to hosting this valuable event, Melbourne in March 2008. Belinda has helped with our public company half-year reviews. We and the many networking and relationship building opportunities that it presents. have enjoyed Belinda's company and skills as well.
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