No Accounting for Taste ep101: How advisory will help practices thrive

Compliance isn’t going anywhere, but as Kirsty McGregor points out on the podcast this week, it will do in 10 - 20 years. So, is now the time for practices to embrace advisory services? Advisory vs compliance - it’s the story as old as time.The AccountingWEB team reignites the debate on No Accounting for Taste this week and welcomes McGregor to the virtual pod booth to discuss why firms should take notice of advisory services. “If a firm chooses not to offer this service line and wants to be a pure compliance firm, they have to be incredibly efficient if you’re going to offer this service only,” said McGregor. The founder of the corporate finance network, also joins hosts Richard Hattersley and John Stokdyk to discuss some of the biggest stories of the week. Shaking up the profession this week includes the costs and benefits of Making Tax Digital, the timesheets debate rages on, and it’s acquisition season in the accounting tech market with Sage acquiring GoProposal. To read the articles discussed on the podcast, visit www.accountingweb.co.uk To register to attend AccountingWEB Live Expo on 1-2 December in Coventry, visit https://accountingwebliveexpo-2021.reg.buzz/aw-editorial