Future proofing your accounting firm: tips and advice

The accounting profession is facing a crossroads and 2017 marks a year of unbundling and testing accounting models as succession and merger pressures escalate for firms. Keith Underwood, MD of Foulger Underwood considers survival techniques for accounting practices

The future of the accounting profession looks to be all about clients and talent sets. The accounting profession has traditionally been a pyramid-based employment and organisational structure. It has been focused on partners and a limited range of services including compliance as well as, optionally, advisory services. Client loyalty has been of paramount importance and the lifeblood of the business has been recurring fees.

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