Grow your practice

Insight / Professional services firms urged to consider employee trust ownership

A North London architectural practice, BB Partnership Ltd (BBP), has adopted a 100% employee ownership model and is predicting that most UK practices will move to this model in the future, in a move that may have an impact on other professional services firms including accountancy practices

Insight / Editor’s comment: futureproofing profits at accounting firms

Profitability is being squeezed at accounting firms despite seven years of sustained growth at the Top 75 accounting firms in the UK. Sara White, editor of Accountancy on the trends to watch and prospects for the profession

Insight / 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

Insight / Letters of engagement: tips and advice

When signing up a new client, it is mandatory for accountancy practices to produce letters of engagement setting out the terms of the business agreement and contracted services. CCH Daily provides tips and advice on writing effective engagement letters to avoid unnecessary client disputes

Insight / Grant Thornton profitability hit by investment in IT

Grant Thornton UK LLP has reported a 2.5% increase in revenue to £534m as the tax service line reports strong growth in a year where the mid-tier firm invested heavily in IT and technology to support its client base, reports Sara White

Insight / Buying a business - due diligence and potential risks

When eyeing up a potential merger or acquisition it is essential to ensure that due diligence is top of the agenda when buying a business to avoid any unexpected contingent or liabilities. Mercer & Hole's Caroline Stark and Phil Fenn consider the key issues when planning a merger and acquisition

Insight / Practice development: the future of the accounting profession

Amid regulatory, technological and political volatility, Calum Fuller, assistant editor at Accountancy, looks at the future shape of the UK’s accounting profession in the face of a spate of mergers and consolidations

Tax / Underwood: HMRC digital tax plans will cut fee income for accountants

The rapid move towards a fully digitised tax reporting landscape for businesses with the introduction of digital personal tax reporting will have serious repercussions for the value of tax-based fees at accountancy firms, warns Keith Underwood, managing director of Foulger Underwood Assocates

Insight / MHA MacIntyre Hudson acquires Grant Thornton Northampton operation

MHA MacIntyre Hudson has completed the acquisition of part of Grant Thornton UK LLP’s practice in Northampton, including staff members and clients of the medical sector and general practice teams

Insight / Baldwins accountants snap up CLB Coopers in north west

Baldwins accountants is continuing on the acquisition trail and expanding its regional footprint by moving into the north west for the first time via a deal with CLB Coopers, which has offices in Manchester, Lancaster and Bolton

Insight / North West firm Cowgill Holloway seals merger

North West-based firm Cowgill Holloway has confirmed its expansion in Bolton with a merger with Warings Business Advisers

Insight / Baldwins adds two more practices to growing portfolio

The Baldwins Accountancy Group, which has been on a rapid expansion track over the past year, has added two accountancy practices in Shropshire and Gloucestershire to its portfolio

Practice Development / Leonard Curtis sets up legal services division

Mid-tier firm Leonard Curtis has confirmed its newly-established legal services division, which it will run from Manchester headed by its head of business restructuring Andrew Gregory

Insight / Scale of Blick Rothenberg challenge to Big Four ‘not yet clear’

The new owners of mid-tier firm Blick Rothenberg are set to face enormous hurdles if they are to attempt their reported ambitions of taking on the Big Four, Calum Fuller reports

Insight / Mazars acquires financial modelling provider Corality

Mazars has announced it is to acquire Corality Financial Group, specialising in financial modelling, model audit and training, in a bid to ramp up its services for the infrastructure finance market and extend its international reach