Chartered Accountant based in Kent.
After leaving practice very soon after qualifying, swearing never to return, in 2011 I did exactly that.
Now a sole practitioner and loving it, business growing rapidly and looking forward to the future as my own boss.
Nothing to do with FT...
...he's busy dealing with 'that' tax enquiry...
Think there may be a bit of a bro'mance starting with you and 'the Sarge'.
No mention of BT or ME ????
Don’t recognise this standpoint at all.
Flourishing as a sole practitioner would be more accurate.
Good article Richard.
I notice none of the respondents extolled the virtues of pretty graphs and endless pages of variance analysis and how it had helped them become an 'advisory practice'.
Excellent article Richard.
Good to see respected names in the sector dispelling some of the myths surrounding "the rise of advisory services".
I particularly like the ML soundbite:
“But you shouldn’t consult through numbers,” he said. “This is not business advice - this is consulting from the perspective of an accountant.”
What did we learn...
...don't wear a suit(e)...?
EAT wagon wheels don't ban them!
Spreadsheets!! Bloody hell what is this 1999?!
Get some decent software and bin the spreadsheets!
Ok Tom, I'll bite.
This is another bull[***] term to go with 'advisory services' or an 'advisory practice'.
Its simply a case of accountants need to have a degree of commercialism about them - it usually helps if they have worked in industry - so experienced the real world outside of the endless compliance cycle...
Its then a case of applying common sense, a practical approach and a sense of commercialism to offer/provide clients the advice they need, or direct them to someone who can.
Its that simple.
I think I need to go out and buy a sword to cut through all the bull in the Accountancy sector - I'll take it everywhere, along with my calculator...
...it will be put to use at Accountex...
...not the calculator...