AVN’s three predictions for 2008

Accountants may have little to look forward to next year if Steve Pipe’s predictions for 2008 come true. The head of the AVN Group believes half of all practising accountants will make big losses in the coming year. Here’s why:

Prediction 1: Indian accountants will start to steal the clients of UK practices

For the last few years practitioners have been able to benefit by buying cheap outsourced labour from India as cheaply as £10 an hour, and some have been selling it on at mark-ups of up to 1000%.