Credit crunch counting: Accountancy as a career in recession
Robert Holland of chartered accountants James Cowper LLP explains why now is a better time than ever to be an accountant.
We certainly appear to be living in interesting times. All of a sudden careers and jobs that once appeared as attractive and challenging, such as investment banking, now appear risky and unsafe. In such times many people might turn to accountancy, which often has a reputation of being a 'safe' career option.
To a large extent this may be true.
Continued...
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Interesting
Robert - I’m interested in your article and have two questions:
1) What percentage of your firm’s fee income is non tax, accounts, payroll and other compliance related services?
2) What ROI do your clients have on your non-compliance fees?
J Adams – consultancy work is dangerous for the reason you mentioned.
It’s normal for accountants to feel the effects a little later than their clients and there’s always an opportunity. Think about attacking the micro and small business clients of firms like James and Cowper.
Bob