A certainty?:mellow:
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Where's turmeric - this tread needs some common sense logic applied to it
Oh yeah - Mr T...this thread's main proponent. I was laughed at and ostracised by Mr T for daring to have a contrary view as the SP travelled all the way from $6 to $45. I'm too magnanimous to say I told you so Mr T. Its only dropped about 50% but I reckon its got a lot further to drop yet...
I would suggest the large uptake in NZ and OZ is largely due to the (15%?) "commission" (or whatever the correct word is...) that XRO has had to offer the Accountants to get their buy in. I have only been told about this "commission" so am happy to be corrected on this point. As an aside, I'd be interested to know how many of their clients are aware of this "commission". Also, I wonder if the Accountants would have moved their clients to XRO if there was no "commission"?
In any event, the Accountants in the US may have deeper pockets...than this side of the world. Perhaps Rod & Co will have to offer 30% to these folk in order to get their buy in. Oh, but that would have a direct effect on profitability...which they don't have now anyway.......
I wish XRO the best of luck - but I doubt their shareholders will be making money anytime soon.
XRO provides a form of rebate to accountants who sign up clients under their practice.
Because XRO bills the accountant for subs, you will see the invoice being at full cost and the bottom line showing a rebated % off the bottom line.
Some accountants pass on the rebate savings to clients, some don't - its completely up to the accountant.
I wasn't aware how this worked until a client started making inquiries.