How many of the 5 types of advisory services can you provide to clients?

By |2018-07-04T09:37:21+00:00July 3rd, 2018|Accountants, Business advice, cloud accounting, Future, Mentoring, Servicing clients|

Most smaller practitioners are focused on offering a compliance focused service to clients. Lots of people are saying you must start offering advisory services; and plenty of accountants think they already do this to a degree. In my talks I often reference 5 types of non-compliance service and how it will take

The real reasons you need to do business advice properly

By |2018-05-22T23:03:11+00:00May 15th, 2018|Accountants, Business advice, cloud accounting, Future, Servicing clients|

Why are so many consultants telling accountants that they need to start providing advisory services to clients? You've been doing this for years haven't you? Or else your clients don't want, don't need or can't afford to pay for such services.     Hmm. Have you really been doing this for years? I know many

What are you doing about your clients’ uncertainty about the future?

By |2018-05-22T23:07:00+00:00February 13th, 2018|Future, Servicing clients|

When I talk with accountants, which I do a lot, I often sense an unspoken concern about increased ‘uncertainty’ in their world. It is clear to me that many business clients are uncertain, many private clients are uncertain and also many accountants themselves are uncertain. Business clients They are uncertain about future sales and expansion,

Has your practice plateaued?

By |2017-11-28T08:45:55+00:00November 28th, 2017|Accountants, Future, Marketing and promotion, sole practitioners|

My conversations with sole practitioner accountants over the years suggest that many are happy enough once their business has plateaued. 'Happy enough' is hardly an enthusiastic summation of how things are going. It suggests a degree of reluctant acceptance. The underlying message perhaps is that things could be better but the accountant is used to

The end of accountants is nigh. Or is it?

By |2017-05-30T09:15:43+00:00May 30th, 2017|Accountants, Career development, Future, Servicing clients, sole practitioners|

Let me save you some time. Yes, the accounting profession is going through (another) period of unprecedented change. There will be fewer jobs for accountants in the future. There will be fewer large firms of accountants in the future. But there will continue to be plenty of work for savvy sole practitioner accountants for many years

Where will accountants operate from in the future?

By |2013-12-17T08:07:38+00:00December 17th, 2013|Accountants, Future|

I was interviewed recently for a magazine piece about longer-term trends and changes in the accountancy profession. In this blog post I share my thoughts on one of the topics we discussed. Where will accountants operate from in the future? The options at the moment tend to be high street office, above a shop, off

Protecting the title ‘accountant’ would be counter-productive

By |2018-07-08T15:07:19+00:00October 14th, 2010|Accountants, Future|

Although qualified accountants are aware that anyone can call themselves an ‘accountant’ I find that very few ‘real’ people appreciate this fact. They tend to assume accountants are like dentists, doctors and solicitors. If only that were the case! It is precisely because of this confusion that various groups of accountants campaign to secure

Why do accountants resist early change?

By |2018-07-08T15:09:50+00:00August 23rd, 2010|Accountants, Future|

I was reflecting on this idea the other day. The MD of a big IT software supplier was telling me how surprised he was that so many accountants had yet to pick up on the new obligations to file iXBRL tagged accounts. This will be relevant to all accounts filed from April 2011 re

The future of compliance services for accountants

By |2009-06-22T17:57:53+00:00June 22nd, 2009|Accountants, Future|

Many commentators seem almost contemptuous when talking about accountants who focus on the provision of compliance services. We’re told that fees are being forced down and that firms that focus only on compliance services face an uncertain future. I’m not sure I agree. If you have an established practice and know your clients well, you

The future of auditing and assurance services

By |2009-06-15T10:05:54+00:00June 15th, 2009|Future, Uncategorized|

At a recent ICAEW conference on the future of auditing I realised how what was once a traditional service provided by most accountants, is almost extinct. It won’t die out completely but it’s certainly becoming more specialised as the number of companies requiring audits has fallen dramatically in recent years. And that trend is set