Accountants aid the uphill struggle to profitability
Accountants are a big hit among small businesspeople searching for external advice, according to a report out this week.
Accountants are a big hit among small businesspeople searching for external advice, according to a report out this week.
Pressure on managers as a result of a surge in administration duties and maintaining existing clients are the main reasons driving businessmen to seek outside guidance.
According to a panel organised by the BACS Direct Credit accountants provide a ‘useful sourceful source of external advice’ for short-term financial advice and long-term business planning.
Top tips regularly given include purchasing premises instead of renting because owners can collect company rent and possess an asset.
Jeremy Asprey, product manager for BACS the automated payments clearing house, said: ‘It’s interesting that accountants are proving so popular with small businesses. By all accounts managers of small businesses often face an uphill struggle in maintaining profitability and many rely on tips from accountants for immediate cost savings, but also long-term strategic advice.’
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article