Anti-money laundering (AML) checks have long been part-and-parcel of the profession, but there are signs on the horizon that AML compliance will be a battlefield for accountants.
This self-assessment season is truly like no other. I know it sounds dramatic, but it’s true – because the usual winter craziness comes just before the April 2019 Making Tax Digital (MTD) roll-out.
In recent conversations with clients and prospects we constantly run into the same reasons that motivate firms to review their processes – even when they are managing a small number of clients. In our second White Paper focused on Practice Management Software, we describe the common challenges faced by partners and present best practice solutions to improving processes. Many firms still see a Practice Management solution as a “luxury” rather than a necessity for maximum return on investment.
Topics: Blog, Meet deadlines, Online account software, Centralised accounting, Cloud technology, Integrated Practice Management, Practice Management for small firms, Practice Management module, Whitepaper
The modern day change
In the modern era, a Practice Management infrastructure allows firms (of any size) to deliver higher value services to their clients at lower cost. The resulting factor creates sustained profitability, reduced risk, empowered accountants, as well as improved client engagement.