SMEs demand strategic help from accountants

SMEs demand strategic help from accountants

MYOB survey finds small businesses need help with increasing financial complexity

A survey of 500 small business owners by business software group MYOB has
revealed that more than half (57%) of SMEs are demanding more strategic advice
from their accountants.

The findings show that SMEs need more from their accountants than
traditional tax and VAT support in order to overcome increasing financial
management complexities.

The survey revealed that with almost half of respondents (43%) citing
legislative compliance as a top concern, 57% want more compliance and legal
advice from their accountant. A high demand for operational management
assistance was also top of the small business agenda, with almost half (48%)
requesting payroll services.

‘The statistics show that it is more important now than ever to seek ways to
diversify your practice to offer a greater level of strategic and business
advice to support smaller clients,’ said Simon Crompton, general manager of
MYOB.

Further reading:

‘CS Group merger will not dampen quality’ says Iris

PKF and MYOB join forces over P11D software

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In 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 resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource