Financial Accounting Services Market in Australia: A Study of smartAR and H&R Block

Running Head: E-BUSINESS 0
smartAR and H&R Block
E-business
Financial accounting services market in Australia
9-25-2018

E-BUSINESS 1
Contents
Introduction......................................................................................................................................2
Task A:.........................................................................................................................................2
smartAR.com...........................................................................................................................2
H&R BLOCK..........................................................................................................................2
Task B:.........................................................................................................................................3
Task C:.........................................................................................................................................4
Principle business goals of smartAR are:................................................................................4
Principle business goals of H&R Block are:...........................................................................4
Task D:.........................................................................................................................................5
Rating for attributes of smartAR.............................................................................................5
Rating for an attribute of H&R Block.com.............................................................................8
Task E:.......................................................................................................................................11
Conclusion.....................................................................................................................................12
References......................................................................................................................................13

E-BUSINESS 2
Introduction
Task A:
There are three e-commerce models, B2C, B2B, and P2P for the study of financial accounting
services market of Australia, ‘B2B’ that is business to business e-commerce in terms of
individual or firms providing financial services to business in form of businesses bookkeeping,
or providing audit services, or consulting services (Zahay, 2015). The firms selected for this
study are:
smartAR.com
URL of this e-commerce business is https://www.smartar.com/
(Source: smartar, 2018)
H&R BLOCK
URL of this e-commerce business is https://www.hrblock.com.au/

E-BUSINESS 3
(Source: hrblock, 2018)
Task B:
SmartAr, as the name suggests, ‘smartAR, helping your business gets paid faster’ it is a firm
serving and working with more than 5000 business of medium and small sized. The Get Smart
Group of companies started in 2006 that includes feeling, feeSmart, FeePay, and smartAR
(smartar, 2018). The company is trusted advisors who are working with accountants, banks,
lawyers, and clients in helping improve their accounts receivable and cash flow through
specialized and proven debtor management solutions. One of a universal business challenge is
‘getting paid,’ with an excellent diverse team the company is meeting this challenge head-on and
helping businesses in running Hassle-free debtor management. This is the reason smartAR
belongs to a B2B e-commerce model (Gupta, 2014).
The H&R Block advantage is Australia’s leading income tax services company, the company
believes that taxes are taken as a burden for most businesses that is the reason they created H&R
Block to ensure that the businesses have to stress less tax experience. In 1971, H&R Block
released its leading four workplaces in Australia, in Sydney and Melbourne. Tax consultant of
the company undergoes a severe training program in the firm (hrblock, 2018). In addition, the
company ensures that the client benefitted from every rebate and deduction available to them.
For a small business such as partnerships and sole traders, this firm is one stop tax shop, offering