As you are only too well aware, technology is having a massive impact on our industry. Artificial intelligence and data analytics are a reality. The rise of cloud accounting is altering the way we deal with clients. Making Tax Digital has effectively all but started, all of which means taking on new responsibilities. Firms that are embracing these changes are already accelerating ahead leaving others in their wake.
We correctly predicted Cloud accounting to be highly beneficial for our profession and this will continue for the next few years and then, once it all settles down and data capture becomes incredibly accurate, the price we can charge for compliance services will begin to decline. Traditional accounting firms need to find new revenue streams and reposition their businesses in the high value high price sector of Business Advisors.
Join Gordon Gilchrist for this 1-hour webinar to find out more.
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