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Ann: Intiger Introduces Accounting & Taxation Processing Services, page-52

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  1. 6,165 Posts.
    lightbulb Created with Sketch. 2346
    Let's throw some numbers here for discussion:

    1. There are 1'500,000 SMBs in Aust
    2. CPAs in Aust charge $X a month , 0r $12X a year.

    3.Xero has 500'0000 users (CPAs and SMB owners),
    MYOB ~250'000
    Quickbook & others using spreadsheet, say 750'000

    4. Among ~25000 fpp, say 15000 are owner operated SMBs

    5. Say 15000 fpp has 20 fp clients each who are SMBs, =300,000 SMBs

    6. Ann says ATS is in response to fp clients demand,ref Sentry, iPac, Others,
    Say they has 10 ea,
    =20,000 to 30,000 SMBs

    7. Let's say they
    a) Pay Cpa to prep their account/tax, for $500-$1000 (?) a year
    or

    b) DIY by spending 12 hrs to 50hrs a year, ( 1hr/wk to 1hr/mth)
    plus
    paying Xero ($50/mth, $600/yr)?or Myob ($27/mth, $324/yr)


    IF Intiger ATS charge a client between $360 to $600 a year , and free up Owners 12-50 hrs/yr time ,
    would they do business with IAM ATS?

    Say, $ 30o-$600 a year, $25 -$50 a month

    ,x # SMBs
    x 1000 = $300k - $600k
    x 2000 = $600 - $1.2m
    x 5000 = $1.5m -$3.0m
    x 1000o = $3.0m -$ 6.0 m,

    (Keep in mind, the target is 300000 Smbs of fpp customers, among 1.5m SMBs in Aust.
    If Intiger ATS can capture a tiny ATS market share as a second revenu stream to supplement its chief focus of FP SoAs cash flow, we believers and holders will be laughing )

    Have made a number of assumptions here, happy to be corrected by accountants, admin mgrs and SMBs owners
    among us.
    (No arm-chair experts please =)

    Cheers
    G
    Aimo
 
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