Accounting
News

Does your accounting firm have to deal with a lot of competition? Over 50% of businesses say gaining a competitive advantage is…

Smaller accounting firms can benefit immensely from partnerships. Pooling your resources allows you to expand your reach, discover new tools, and access…

Here’s a troubling statistic for you to ponder: according to a recent survey of 204 accounting professionals, approximately 99% of accountants claim…

Networking lies at the core of successful business growth and client acquisition. For accounting firms, it holds immense value as it facilitates…

Stubborn inflation, interest rate hikes, supply chain disruptions and – until recently – collapsing banks. Market volatility is becoming a bit of…

SWOT analysis is a vital business strategy that helps companies evaluate their strengths, weaknesses, opportunities and threats (hence the acronym ‘SWOT’).  Many…

As with virtually every other profession, technology has fundamentally shaped how accountants do business and conduct their daily activities. As previously highlighted,…

It cannot be understated how much of an impact digital transformation has had on the financial sector. However, while many argue that…

In today’s business landscape, audit automation has become increasingly vital. A recent study conducted by KPMG and Forbes Insights revealed that 98%…

As cryptocurrencies gain popularity, it’s becoming increasingly important for accounting firms to be well-versed in crypto tax planning. By properly understanding the…

Remote work has become an increasingly popular trend in recent years, with its adoption only accelerating due to the COVID-19 pandemic. Many…

Accounting software can be an incredibly useful tool to manage your firm’s financial records, track expenses, and streamline accounting processes. However, with…

As an accounting firm owner, your primary focus is to ensure the financial success of your business and clients. You must be…

Cloud computing has transformed accounting firms, but it also poses new challenges to data security. Sensitive data stored in the cloud is…

Accounting is a crucial aspect of any business, and it’s essential to stay up-to-date with the latest industry trends and practices. One…

Business owners are seeking more than just traditional accounting services from their firms – they want guidance and advice on how to…

The traditional method of pricing accounting services based on the number of hours worked is shifting towards value pricing. Value pricing charges…

The Internet of Things (IoT) is a network of interconnected devices that communicate with each other to collect and share data. With…

Lead generation is the process of identifying and cultivating potential customers for a business. It’s an essential part of growing any business,…

“Quiet quitting” is a growing trend in the accounting industry, where employees become disengaged from their work and only do the bare…

The Accounts Payable (AP) process is an essential part of managing finances in accounting firms. However, manually handling AP processes  can be…

The rise of cloud computing has revolutionised the way accounting firms manage their data. Cloud accounting software allows you to access all…

As advancements in technology continue to reshape the business landscape, accounting firms are increasingly turning to automation to streamline their processes and…

There’s no denying that cloud computing is changing businesses for the better. It’s made processes simpler and eliminated the need for bulky…

With the growth of software and technology in the accounting industry, you’d think there’d be a growing number of trained professionals to…

With a cost of living rising and the unpredictability of the economic future of the EU, retaining clients is a top priority….

Running a competent and respected accounting firm is one thing, but accumulating the work you need to thrive is another challenge entirely….

March 8th is International Women’s Day so we are taking the time today to celebrate some of the incredible achievements of women…

Vision and strategy are critical components in your firm’s success. For smaller accountancy firms, having a clear vision and strategy will help…

Accelerated adoption of digital technology in the accountancy sector is escalating concerns for clients and stakeholders about their data privacy. Accountancy firms…

The Future of Jobs Report from the World Economic Forum reveals that 50% of all staff will need to reskill or upskill…

The ongoing cost of living crisis is affecting those from every corner of society. The post-Covid slump is causing mass layoffs at…

Diversity and inclusion should be on every accounting firm’s mind. Research finds that organisations with greater diversity generate 43.4% more revenue than…

  Did you know that Know Your Customer (KYC) and Anti-money Laundering (AML) fines totalled $10.4 billion in 2020? Failing to meet…

The China Integrated Analysis30 december 2022 2022 was a year of extraordinary events, to say the least. It would not be surprising if historians…

2022 was an eventful year in the UK. From the ongoing cost of living crisis, to rising inflation rates and the fall…