“Clients hit by Asian and Russian crises are stalling expansion, as cash flows and earnings reduce. European and North American growth continues, though forecasts are lowering. Consultants will find growth harder in 1999.”
Philip Banks, vice president, AT Kearney
“Though it is difficult to say whether there will be a recession, I think consultancies are almost recession-proof. That is because companies need help to work through the effects of recession. Firms that can provide such services will not suffer.”
Rob Baldock, senior partner, Andersen Consulting
“The MCA third-quarter 1998 figures indicate continual strong growth in most member firm incomes. For 1999 we still expect some overall growth although some members and some markets will clearly be more adversely affected than others.”
Bruce Petter, executive director, Management Consultancies Association
“In the last recession, some organisations found that efforts to strip costs in order to survive left them with too few staff to provide an effective service. In a downturn, I’d expect demand to rise for services such as KPMG’s restructuring consultancy. The effect will be both more varied and muted than the more lurid headlines would have you believe.”
Eddie Oliver, chairman, KPMG Management Consulting.
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia