We ran a poll during this morning's webinar on the subject of preparing for MTD if you're not yet on the cloud.
The webinar was hosted by Tom Herbert for AccountingWeb with me as the guest influencer 'expert' speaker and Varun Singh, head of marketing for ZohoBooks who sponsored the webinar.
The audience comprised accountants who had not, I assumed, embraced the cloud. No doubt some were hoping I would wave a magic wand but sadly each accountant has to decide for themselves what preparation will best suit them, their client base and their future.
In this context we posed the Q: Do you plan to still be in practice in ten years time?
Over half (52%) chose the option: "NO. I will have retired or sold my practice".
I had made the point that “Within 10 years there will be new ways for clients to access most of what general practice accountants do for them in 2018” Some of those changes will come a lot sooner than 10 years, but perhaps not as soon as some commentators and vendors suggest.
Of course, if you don't plan to stay in practice for too long you can probably afford to hold off doing things very differently. And that includes adopting cloud bookkeeping for your practice and encouraging clients to make the move.
I'm keen to hear what AccountingWeb members think on this topic.