General practitioners split on ICAEW
Nearly half of High Street accountants believe the ICAEW fails to represent their views, according to a new survey.
Nearly half of High Street accountants believe the ICAEW fails to represent their views, according to a new survey.
The poll, carried out among delegates attending this year’s general practitioners conference in Warwick, revealed only 52% believed the institute represented the views of the general practitioner.
The survey, presented by Adrian Gibbons of accountancy support company SWAT, also revealed only one in three GPs had a seen a reduction in fees because of the new million-pound audit exemption limit.
SWAT’s ballot also highlighted little support for limited liability partnerships. Nine out of ten of those asked said they were not planning to become an LLP.
The survey also analysed the fee income, and other financial aspects of the delegates’ firms. Among attendees, sole practitioners were the most profitable, with net profit per partner of Pounds 91,000. Firms with ten or more partners were less successful, with an average profit per partner of Pounds 67,000.
Sole practitioners were seen to be the most bullish, expecting fees to grow by 20% over the next 12 months. These sentiments were echoed by John Malthouse, chairman of the institute’s practitioner panel. Opening the conference, he said fee growth had never been better.
Michael Groom, ICAEW president, is due to address the conference later today.
Links
Small practitioners warned of bleak future
The numbers you crunch tell a story. Your expertis...
23yEmbracing 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