Episode 19

How the UK Economy Is Affecting Accounting Firms

It's the "UK Matters in Accounting" show, every Thursday to 150 countries and 30,000 accounting practitioners, fintech specialists and influencers in the accountancy, CPA and bookkeeping space.

In today's episode 19, "How the UK Economy Is Affecting Accounting Firms" with special guest Carl Reader, founder of d&t accountants and bestselling author of BOSS IT. https://www.linkedin.com/in/carlreader

You can also watch this on youtube here: https://youtu.be/uihawIvAmq8

Key takeaways from this episode include:

✓ the exciting launch of the ProNation accounting community with Carl Reader, Lucy Cohen and Will Farnell

✓ why 99% of accounting firms are learning as they go and the one thing that separate the break out firms from the rest

✓ the problem with a 'my way or the highway' one guru, one approach way of doing things in accountancy practices

✓ why a coach or mentor or trainer for accountants and accounting firms doesn't always have to be a qualified accountant

✓ trying to describe the shambles that the UK economy finds itself in and the awful display of political leadership

✓ the important role accountants play in serving their clients while interpreting the economic climate

✓ the mistake some accounting firms are making in thinking they are implementing value pricing when they are really not

✓ how a scenario may arise where business owners will question whether they actually need an accountant

✓ why accountants cannot rely on technology to solve the economic problems arising in tough times

✓ the role empathy and resilience will play for accountants who can properly serve their clients in challenging economic times

✓ what many accountants forget when they are busy serving their clients (spoiler - it's looking after your own business)

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Mentioned in this episode:

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About the Podcast

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UK Matters in Accounting
Critical insights, commentary and analysis of key issues, trends, news and events in the accounting and fintech world, specifically for the United Kingdom

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About your hosts

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Martin Bissett

Martin Bissett is the founder of the Bissett Group of companies that provide practice and personal growth communities, content, and continuing education exclusively to the accounting and bookkeeping professions worldwide.

Previously he established a high six-figure consulting firm while serving as a keynote speaker with over 100 one-off and repeat engagements to his name, as well as becoming the most published author on his topics of specialism with 11 books including 1 bestseller.

Since 1998, he has played a major part in working with over 1800 accounting firms in over 40 countries. These projects have led to those firms acquiring over £500m of recurring fees before inflationary increases, referrals and upselling are factored in. He stopped keeping track of this number over 5 years ago. Martin now advises both accounting practitioners and FinTech companies alike, at board level.
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Rob Brown

Rob Brown hosts the multiple accounting podcast and chair conferences, panels and events globally for the accounting and fintech profession. He is co-founder of Accounting Influencers Roundtable (AIR) which helps vendors, experts and influencers serve the accounting and finance world. He is a dynamic speaker and accomplished expert on trust, reputation, employer brand, talent, career development, succession, gen z/generations, employee advocacy and executive presence. Rob is author of the bestselling book Build Your Reputation (Wiley) and his TEDx talk ‘The Personal Brand of You’ has been viewed 400,000 times on YouTube. He is a stroke survivor, has epilepsy, is a committed Christian and has a black belt in kickboxing. He is based in Nottingham UK, home of Robin Hood, plays chess and backgammon, loves orange chocolate and is allergic to grapefruit.