Best Practices & Firm Management



Meet the Co-chairs - TIAG


Baker, Kurt
ESV Accounting and Business Advisors
kurtb@esvgroup.com.au


Meet the Co-chairs - TAGLAW


Butler, Ed
LK Shields Solicitors
ebutler@lkshields.ie


Levy, Robert
Kuit Steinart Levy LLP
robertlevy@kuits.com


Effectiveness is becoming more critical than ever to individual and organisational success, and the good news is that this can be learned. As business owners and senior leaders there is never enough time in the day to get everything done, and we have competing priorities which pull us in all directions. The concept of being an effective leader is nothing new, and some of the practices behind it are obvious, but it is worth thinking about how, where and when we can be more effective in our businesses.

Read more: Creating Effectiveness in the Workplace

With the ever-increasing number of tests, surveys, self-help books, articles and motivational speeches on leadership, it can be difficult to ascertain what qualities make a great leader. Firstly, it is important to determine why effective leadership is important and what are its benefits. Leadership is an essential function of management which helps maximise efficiency and achieve goals with impact. These benefits include; retaining top talent, nurturing future leaders, a positive workplace culture, increased employee engagement and improved creativity and innovation. However, the traditional “command and control” management tactic is no longer having its desired effect, and those failing to adapt are being left behind. To future-proof your leadership and business, try incorporating the below suggestions.

Read more: Future-Proof Your Leadership Skills!

‘Emotional Intelligence’ has become a bit of a buzz word in recent years as many researchers and HR experts have started stressing the importance of harnessing and building Emotional Intelligence in the workplace. The World Economic Forum even included Emotional Intelligence in its top 10 skills that we will need to possess to thrive in the workplace of 2020 - it didn’t even feature in the top 10 in 2015! So, what exactly is Emotional Intelligence and how can it play a role in your business?

Read more: Emotional Intelligence in the Workplace

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Email attacks and scams continue to be a pervasive nuisance at best, or increasingly harmful to organizations at worst. While in general you should avoid sending any sensitive information via email, below are additional tips you and your employees can put into practice to better safeguard both personal information and your company.

Read more: 11 Email Safety Tips Your Employees Can Start Using Today

Electronic payments to vendors are easier and faster than printing and signing hundreds of checks, but what are you risking for convenience? As more and more payments become electronic, wise businesses will take steps to protect their bank accounts.

Accounts payable (A/P) errors are sometimes big and obvious. But more often, money seeps out in small amounts, month after month, to a vendor who long ago stopped supplying your business. Or worse, you discover your company has been paying a fraudulent vendor created by your own long-time employee.

Read more: Locked From the Inside: Protecting Your Electronic Payments