Author: Wayne Pope
Five organisation hacks for your accounting firm
Running an accounting firm is no easy feat. Between managing clients, meeting deadlines, and keeping on top of regulatory changes, it’s easy for things to fall through the cracks if you’re not properly organised. But being organised is more than just keeping things tidy – it’s about creating systems that ensure consistency, efficiency, and, most […]
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Are accountants still on the chopping block of automation?
As far back as 2014, a chilling prediction was made: 47 per cent of job categories could face automation within the next two decades. For accountants and auditors, this forecast was particularly dire, as they ranked second on the list of professions most at risk. Fast forward to today, and these projections are becoming a stark reality […]
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The great digital hunt: Tracking and capturing elusive data
Picture the scene… An accountant, armed with a cup of coffee, sits down to tackle the morning’s emails. This has become part of her routine by now, but little does she know that the perfect storm is brewing. On average, replying to emails may take up to an hour in the morning, a task that sets the […]
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Struggling to get P11D information? The deadline is getting closer…
We’ve noticed many accountants are currently struggling to submit P11D and P11D(b) forms due to a lack of efficiency and cooperation on the part of their clients. As the 6 July deadline looms, the pressure must be getting harder and harder to carry, not least for your wider team too. If you don’t start receiving the necessary […]
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Analysing the recruitment crisis in accounting
It’s a problem we’re all trying to get our heads around – how do we fix the skills shortage and recruitment crisis in the accounting profession? Firms are constantly reporting lower numbers of applicants, year on year. Our clients frequently bemoan an increasing number of job vacancies, facing challenges in attracting younger professionals and often […]
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It’s National Payroll Week – Time to reflect?
This week is National Payroll Week! Now’s the time we tip our hats to the unsung heroes buried in spreadsheets and tax codes and rightly so! The payroll professionals work incredibly hard to ensure we all get our pay slips on time and with accurate figures. However, this isn’t just about handing out a few […]
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Other firms are using technology to fill their gaps – Are you?
If you currently run an established accountancy firm, providing essential services like bookkeeping and tax preparation, but you want to expand into more technical areas, you might think this is unavailable to you. With the current recruitment crisis and ever-increasing regulatory demands on things like Research & Development (R&D) tax credits, it’s seemingly getting harder […]
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Diverse income stream carnage threatens your team
We often hear from accountants whose client has income from freelancing, investments, and rental properties and demands the same price for account filing as the simplest business models. Despite the added complexity created by multiple income streams, these clients often pay the same price as any other, and expect their accounts to be filed accurately […]
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AI is great, but it’s not as good as you!
Let’s be honest: while artificial intelligence (AI) is a powerful tool, it does have some limitations, especially in the accountancy profession. One of these is that AI just doesn’t understand maths the way humans do. Certainly, it can crunch numbers and give results pretty well, but it doesn’t truly understand the concepts behind the calculations. […]
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The mental health crisis in accounting
As you know, the looming 5 October deadline for self-employed individuals to register for Self-Assessment is a critical point in the calendar for accountants. However, while this date might bring in more revenue for you and your team, it also represents a significant stressor for those in the profession. We’ve seen time and again that […]
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