Grow your practice

Insight / Dealing with high staff turnover at accounting firms

Many accounting firms, including the Big Four, are unaware of the full extent of the costs incurred when hiring a new employee. Dan Rogers, co-founder at Peakon, outlines the costs and impact of replacing staff and the implications of staff retention

Tax / Exports and the EU Customs Union: post-Brexit options

The Institute of Export & International Trade’s senior director of special projects, Mike Josypenko considers some of the implications for UK SME businesses of exiting the EU’s Single Market and Customs Union

Insight / ICAEW rebrands with soft launch of refreshed logo

ICAEW has rebranded with an overhaul of the website and the launch of a new logo, featuring the Economia woman from mythology - the Greek god of money - with a dagger and pair of pincers, arguably in a slightly more modern style than the current logo

Insight / Economic trends: testing the mettle

Despite being surprisingly resilient to Brexit concerns in the run up to 2019, Chris Williamson, chief economist at Markit, forecasts a period of turbulence for the economy as the UK heads towards unchartered waters

Insight / Cheques enter 21st century with one-day clearing

A new electronic image scanning system for cheques will reduce the current maximum of six working days to clear cheques down to one day using an industry-wide, image-based cheque clearing system

Insight / Adopting flexible working: useful tips

How can employers stuck in nine to five thinking free themselves up for flexible working? Jude Tavanyar, leadership consultant, explores the key issues for any organisation looking to move towards a flexible working approach

Tax / Rural broadband: how to improve access as Making Tax Digital looms

The postcode lottery for business-ready telecoms for rural enterprises remains a problem, only exacerbated by HMRC's rushed plans to roll out Making Tax Digital from 2018 onwards. Dave Millett, managing director of telecoms brokerage Equinox, asks what can be done

Insight / ICAEW plans to rebrand image but no name change

The ICAEW  will be adopting a new brand from April 2017 after ‘a year researching [its] brand with key stakeholder groups’, a newsletter to its members seen by CCH Daily has revealed

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