What can small- and medium-sized accountancy practices in Europe learn from the IFAC Global 2018 SMP Survey—We compare survey findings from Europe to the global results.
How do the survey results for one region compare to the global view—and what can professional accountancy organizations learn?
IFAC SMP Committee Chair Giancarlo Attolini interviews five committee and IFAC Board members on the technologies that have and will most impact them.
Emerging technologies, including data analytics, blockchain, artificial intelligence, and machine learning will impact the accountancy profession and SMPs.
How do the IFAC Global 2016 SMP Survey results for Europe compare to the global view—and what can professional accountancy organization learn?
Survey results and global evidence demonstrate that advisory and consulting services are important to future practice growth for SMPs—but what types of services are most in demand and what does it mean for the future of SMPs?
New research by futurist Dr. James Canton highlights the relentless pace of change and disruption in business and accounting, and the steps accounting firms need to take to ready themselves for a future shaped by constant innovation and disruption.
The acquisition of new clients continues to be a dominant driver of profitability for small- and medium-sized practices (SMPs), according to recent poll results. These results seem to question is the wisdom of many practice management “gurus” who say that the cost of acquiring a new client is far higher than the cost of retaining, or selling more services to, an existing client. While the poll shows that retention is also important, what those “gurus” may be failing to recognize is the full potential and cost effectiveness of a marketing campaign that includes low-cost social media.
Small- and medium-sized entities (SMEs) might think that sustainability is only relevant to large companies—that for a small business, the administrative and financial costs outweigh the benefits. Moreover their accountants will tell you it is a hard sell getting SMEs to embrace sustainability. However, SMEs that integrate sustainability into their core business strategy can benefit from lower costs, reduced risk, and new opportunities. And their accountants, typically operating in small- and medium-sized practices (SMPs), can play a key role in their journey.
In a few short years, smartphone applications have gone from margin to mainstream. Many accountants now regularly use them to make work and life simpler and less costly. Today there are countless apps available to help improve productivity and access to information. These apps help us arrange business travel, network with clients and colleagues, store and share information, and more. There are reckoned to be over a million iOS apps in Apple’s App Store and possibly even more Android apps in Google Play. So we are spoilt for choice—but left wondering which apps to choose.