Can you see the graveyard yet?

Can you see the graveyard yet?

Reading Time: 3 minutes | Ask the owners of 25 small firms and you’ll get 26 views on the future of the accounting profession. Introduce the subject of declining fees and people get passionate. Introduce the subject of advisory services and some claim to be already doing it, and some say it’s...
Advisory services and Accountants – really?

Advisory services and Accountants – really?

Reading Time: 4 minutes | There is lots of talk about Accountants shifting from compliance to advisory work within their firms. But what does it mean for a typical small practice to go from compliance to advisory? What should you be thinking about in your firm? Are advisory services for...
3 tips to dramatically cut WIP and Lockup in your firm

3 tips to dramatically cut WIP and Lockup in your firm

Reading Time: 3 minutes | Do your accounts and bank statements and show a widening gulf between your billings and what clients have actually paid? Even if that gap isn’t widening, it’s frustrating and stopping you from spending some of our hard earned income. Here are three tips to cut WIP and...
Monthly billing – Magical or Mayhem?

Monthly billing – Magical or Mayhem?

Reading Time: 3 minutes | Several small accounting firms have been talking about moving to monthly billing lately. Maybe it’s part of ‘let’s get fit for purpose’ after January. Maybe they’re thinking about MTD and cloud accounting. It might be me knowing that a lot of successful small firms...
Changes to the profession – how will you survive?

Changes to the profession – how will you survive?

Reading Time: 3 minutes | Nuts – all I needed was nuts (the joy of being vegetarian), but nuts are easier to buy than ever before. Have you ever stopped to think about how different shopping is now, compared with a few years ago? Perhaps you’ve stopped to think about how different your...
Why most firms don’t have a clear fee strategy.

Why most firms don’t have a clear fee strategy.

Reading Time: 3 minutes | The way you set your fees directly dictates the profitability of your firm. So why is the fee strategy of many firms not really considered? What should you consider when trying to increase your average fees, or set a pricing strategy for your firm? A recent survey On...