12th Sep 2023

Special editorial report: The practice innovation handbook

Expert advice and real-life examples to help you identify areas for improvement, drive innovation and boost efficiency in your firm.
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Use the MTD delay to drive innovation and increase efficiency in your practice.

This special editorial report from AccountingWEB examines the impact of Making Tax Digital (MTD) on innovation in accounting firms over the past few years, and how the delay provides a window of opportunity for practices to address underlying inefficiencies. By examining your people, clients, processes & strategy, and technology, we’ll help identify areas for improvement and show how to make changes that will help you build the practice you want.

We talk to accountants, their clients, membership bodies, vendors, Accounting Excellence Awards judges and award-winning practices to investigate the strategies employed to stay competitive, and the technology used to facilitate this.

Each chapter identifies potential challenges and risks in addressing existing inefficiencies, such as the cost of implementing new technologies and employee resistance to change, as well as highlighting the challenges faced by accountants in adopting new technologies. Every section also contains advice from experts on how to navigate this.

This report covers:

  • How to identify efficiencies within your own practice
  • Establishing the right strategy for your firm
  • Detail on business improvements a practice can bring to its clients through tech implementation
  • Real-life examples and case studies from experts
  • How to get reluctant staff and clients on board with the changes
  • And much more

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AccountingWEB & Xero special editorial report - Practice innovation handbook

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