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What new services will accountants offer in future

As more traditional services are automated - how will accountants make money in future?

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I have been researching the top 100 accountants websites and it seems more and more are diversifying from traditional accounting, audit, tax, advisory into business process outsourcing, corporate finance, data management, cloud accounting, business consulting, HR support and many other added value services. What do you see as the opportunities for accounting firms?

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By ireallyshouldknowthisbut
09th Jan 2019 14:58

"as more traditional services are automated"

Come again?

I think you will find its

"as more traditional services are made much more onerous by outsourcing the whole of HMRC's functions to accountants, plus making them far more frequent and more detailed, how the flip do you make time for offering other services?"

Wrong planet son.

Thanks (3)
Replying to ireallyshouldknowthisbut:
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By Mr_awol
09th Jan 2019 16:22

You haven't been listening to the gurus and the software providers enough.

Don't you know you just have to put everyone on a bank feed, ignore cash/debtors/creditors/stock/accuracy, lower your prices for a bronze/silver service (whilst offering a gold service nobody ever actually signs up for at £2,500 pcm) and abolish timesheets?

Then, you can come on here and tell everyone how progressive you are, and inform anybody who retains some kind of professional standards that they're doing it wrong...…….

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Lone Wolf
By Lone_Wolf
09th Jan 2019 15:06

Traditional accountancy and consultancy services on the ground level.

Brothel upstairs whist you wait for your accounts and tax return to be prepared.

That way when clients complain about getting screwed by their accountants they actually are getting screwed.

Thanks (3)
Replying to Lone_Wolf:
Hallerud at Easter
By DJKL
09th Jan 2019 15:34

Could be even more multidisciplinary (and I do not mean that in a 50 Shades of Grey sense) , get some solicitors in on a third floor and then clients can really work out which is the house of most ill repute.

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By andy.partridge
09th Jan 2019 16:02

Dog sitting.

For a while I've felt the office has been full of dog sit.

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By Red Leader
09th Jan 2019 16:17

Drugs, extortion and prostitution.

Same old, same old, really.

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By Mr_awol
09th Jan 2019 16:18

Fortune telling

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Replying to Mr_awol:
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By atleastisoundknowledgable...
09th Jan 2019 17:50

Mr_awol wrote:

Fortune telling

Given that most of us are already re-writing history, seems the obvious next step.

Thanks (1)
Replying to atleastisoundknowledgable...:
Hallerud at Easter
By DJKL
09th Jan 2019 19:59

So, pick up a redundant police box to site on pavement outside.

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Replying to DJKL:
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By atleastisoundknowledgable...
09th Jan 2019 21:04

Can’t - the Dolorean’s parked there.

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Replying to atleastisoundknowledgable...:
Hallerud at Easter
By DJKL
09th Jan 2019 21:07

Stick it inside the police box, there is plenty of room inside.

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Hallerud at Easter
By DJKL
09th Jan 2019 22:24

Based on the sorts of questions asked by wannabee accountants on Accounting Web, the ones who struggle to understand debits and credits, I suspect the sorts of services they will be offering in the near future will include:

Brain Surgery whilst you wait
Exorcism services
Communing with the departed using ouija boards
Fiction writing services
Any service you want

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