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Articles

How to Attract Great Accounting Staff…

one month ago

The accounting industry has been dealing with a talent shortage over the last five years, mainly driven by technological changes. Accounting roles are changing from hard technical skills into advisory roles that require soft skills many graduates and accountants haven’t acquired. Top candidates are competing for the best roles and can demand more in terms of salary and benefits.

If you’re recruiting for new team members at your accounting firm, then you may already know how tough it is for employers out there. That’s why we’ve created this guide to help you attract the most talented applications and keep them around.

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New revenue ideas for accounting firms in 2019

one month ago

Rising business costs, AI, complex data systems and other firms offering competitive pricing… How are you going to protect, even better, increase your accounting firm’s revenue in 2019? Let us share our ideas…

As the cost of doing business rises and AI and increasingly complex data systems remove much of the manual work associated with filing taxes, accountants are finding their profits dwindling.

Many firms consider lower prices as a means of staying competitive, eroding their margins and creating strain on internal systems.

But it’s not all doom and gloom – depending on how you view the future.

As old tasks are automated, accountants are free to pursue other areas of practice.

Now’s the time to look at new revenue streams for your practice in 2019 and see how you can continue to remain competitive and offer a superior service.

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The Top 5 Outsourcing Accounting Myths

one month ago

Before you outsource your accounting and taxation compliance work, it makes sense to do some due diligence on the outsource business you are going to partner with. After all, your clients need to be taken care of at the same level of service and quality you would offer in your own office. Picking the right partner to outsource with is critical.

Perhaps you have considered outsourcing accounting for your practice, but are concerned about the risks involved. To help you feel confident about trialling our services, here we address the top five most common concerns about outsourcing

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New revenue ideas for accounting firms in 2019

2 months ago

Rising business costs, AI, complex data systems and other firms offering competitive pricing… How are you going to protect, even better, increase your accounting firm’s revenue in 2019? Let us share our ideas…

As the cost of doing business rises and AI and increasingly complex data systems remove much of the manual work associated with filing taxes, accountants are finding their profits dwindling.

Many firms consider lower prices as a means of staying competitive, eroding their margins and creating strain on internal systems.

But it’s not all doom and gloom – depending on how you view the future.

As old tasks are automated, accountants are free to pursue other areas of practice.

Now’s the time to look at new revenue streams for your practice in 2019 and see how you can continue to remain competitive and offer a superior service.

READ MORE HERE

Is it Time For a New Business Model

2 months ago

“We now have a completely new business structure based on the value we can bring to a business”

Green Lion is a modern accounting firm that is thriving with the help of Connect Outsourcing’s accounting services. Last year Green Lion took over a more traditional firm that wanted to transition to a modernised practice but didn’t know how.

We talked with Felicity Hill about getting the merged firm on board with outsourcing and the benefits it offers.

What is the difference between a traditional accounting firm and a modern firm?

In a modern practice the accounting role can be hugely varied. In our practice we have specialists that offer accounting services such as systems, tax advice, finance valuations, compliance reviewing, company office trusts, office administration, and more.

Modern accountants have a more diverse role that includes advisory at all levels – not just in a director position. They need to be thinking about adding ongoing value to their client’s business.

This involves driving a different, more in-depth relationship with your clients. One where your clients call you before making any big decisions so you can advise them of implications and outcomes.

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