• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to secondary navigation
  • Skip to primary sidebar
  • Skip to footer

Before Header

Call us today!  028 3752 2909 or 028 8778 9500

  • Facebook
  • LinkedIn
  • Twitter

WHR Accountants

  • HOME
  • ABOUT
  • OUR TEAM
  • SPECIALIST SERVICES
    • Audit & Assurance
    • Accountancy
    • Book Keeping
    • Computerisation
    • Payroll Services
    • Business Development & Start-up
    • Tax
    • VAT
    • Business Information Systems Support
  • BECOME A CLIENT
  • BLOG
  • VACANCIES
  • CONTACT
  • SEARCH

Mobile Menu

  • HOME
  • ABOUT
  • OUR TEAM
  • SPECIALIST SERVICES
    • Audit & Assurance
    • Accountancy
    • Book Keeping
    • Computerisation
    • Payroll Services
    • Business Development & Start-up
    • Tax
    • VAT
    • Business Information Systems Support
  • BECOME A CLIENT
  • BLOG
  • VACANCIES
  • CONTACT
  • SEARCH
  • Facebook
  • LinkedIn
  • Twitter
Home » Blog » Five Factors That Accountancy Practices Need To Deal With

Five Factors That Accountancy Practices Need To Deal With

January 21, 2019 By //  by Andrew Gilpin Leave a Comment

We read an excellent article in the Accountancy Age the other day, of which we have left a link below, giving 5 factors that are, or soon will be, impacting on both accountancy practices and their clients. We thought we would like to share this information with you so here are the 5 factors and a summary of their impact. 

The Risk Of Cybercrime

Cybercrime & Accountancy

Accountants are people who hold a great deal of sensitive financial data and so of course they are always likely to be a target for hackers, therefore all accountancy practices need robust measures in place to defend themselves against any cyber attack by criminals. 

Driving Competitive Advantage With Technology

It is of immense importance that accountants keep up to date with all the latest technology, including cloud and mobile technology, in order to be competitive and to give clients the best possible service. It is important to invest but not to overstretch.

Greater Demand For Value Added Services

Accountants should not be just a business that prepares companies tax accounts but they should be involved in the financial planning and growth projection for them, giving them accurate financial information and adding a lot greater value.

Succession Planning For Growth

As the old saying goes, ‘if you don’t plan to succeed, you plan to fail’, and this holds true regarding succession planning. Helping smooth the transition for new partners to join a business and for other partners to retire is a key role and should not be underestimated. 

Brexit Opportunities

Yes there really are opportunities as well as disadvantages to Brexit! There will be many trade agreements that have to be negotiated and accountants will be in demand as companies will require help and advice on the financial implications to them of leaving the European Union. Expect the phone to be red hot in the near future!

If you want to read the full article please go to the Accountancy Age website at the following link: 5 Key Trends For Accountancy Firms And if you require any advice on any of the above or any other accountancy issue please contact our offices here at WHR Accountants in Armagh by ringing 028 3752 2909. 

Accountants Armagh

Category: General

Looking for immediate answers to your questions?

Schedule a no-cost consultation today!

This is a very useful Call To Action in the “After Entry” widget area. You can put whatever you’d like in it, and change the background color to whatever you’d like.

You May Also Be Interested In:

Extra £2.6 Billion Of New Capital Announced To Help Fund Growth

Funding Package Announced To Support Employee Ownership In NI

Private Sector Back In Growth Mode In May

Accountancy Body Calls For More Competitive Rate Of Corporation Tax

Don’t Go It Alone: Why An Accountant Is Your Best Ally For Making Tax Digital In 2026

Soaring Costs Hit Hospitality Sector Hard

Northern Ireland Energy Summit Back For A 2nd Year

Beyond The Fee: How An Accountant Can Save You Money On Your Taxes

BGF To Play Its Part In Supporting Businesses Across The UK With Funding

Previous Post: « Self Employed CIS Tax Returns
Next Post: Making Tax Digital Draft Rules Are Out »

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

WE PROMISE YOU:

If you are finding the current economic situation tough, then rest assured, we understand the pressures you face as a business owner or manager. You don’t have to face the future alone. When you choose WHR, you have an ally, a partner, a friend, in both the good times and the tough times.

028 3752 2909
028 8778 9500

RECENT POSTS

Job Retention Scheme – Update

Dear Payroll Client We are trying to continue to run our …

Extra £2.6 Billion Of New Capital Announced To Help Fund Growth

In welcome news yesterday (Mon June 23rd), the Secretary of …

Funding Package Announced To Support Employee Ownership In NI

The Economy Minister Dr Caoimhe Archibald shrewdly chose …

Private Sector Back In Growth Mode In May

The latest survey from Ulster Bank has revealed that the private …

Accountancy Body Calls For More Competitive Rate Of Corporation Tax

A new report compiled by Chartered Accountants Ireland, entitled …

Don’t Go It Alone: Why An Accountant Is Your Best Ally For Making Tax Digital In 2026

The UK's tax landscape is undergoing its most significant …

Footer

Director

James Robinson

Head Office

WHR Chartered Certified Accountants
028 3752 2909 or 028 8778 9500

56 English Street,
Armagh
BT61 7LG

Contact Us

Contact our office today. Our team are ready to help you. There is no better time than now.
Click Here →

Follow Us

Keep up to date with our social media

  • Facebook
  • LinkedIn
  • Twitter
  • Blog
  • Specialist Services
  • Privacy Policy

Website created by ZebWeb