Practice Pulse

In the penultimate episode of the series, Amy Hancock and James Goulsbra talk about collaborating with staff, clients and other accountants. A support network of other accountants is important for referring work you don’t have capacity or expertise for, but also so that you can have assurance that every practice has similar pain points. Then there’s networking with other industries and with other accountants. This podcast series complements our hub Creating Tomorrow’s Practice Today – a hub covering regulation, tips from other members and ACCA partners, and how you can build your community. There’s even a checklist that you can use to check your progress. You can check out our hub at https://bit.ly/startyourpracticejourney. You’ll find information about building your practice community on the hub at https://bit.ly/networkingandcommunity

In this episode, Amy Hancock and James Goulsbra talk about taking on staff – at what point it becomes necessary, whether to recruit an admin role or an accountant role first, how outsourcing can help, using HR consultants, and planning for future recruitment. Who’d have thought that Pilates classes are a great place to recruit…. This podcast series complements our hub Creating Tomorrow’s Practice Today – a hub covering regulation, tips from other members and ACCA partners, and how you can build your community. There’s even a checklist that you can use to check your progress. You can check out our hub.

What’s the best way to get your new accountancy practice out there? Amy Hancock and James Goulsbra talk about marketing your practice using social media as well as more traditional routes to market their practices, the importance of SEO for your website, and how it isn’t a case of one size fits all. This podcast series complements our hub Creating Tomorrow’s Practice Today – a hub covering regulation, tips from other members and ACCA partners, and how you can build your community. There’s even a checklist that you can use to check your progress. You can check out our hub You’ll find our marketing podcast series with PracticeWeb in the hub alongside two videos by Ashley Leeds - the 15-Minute Guy - about how practice owners can make the most of their LinkedIn profiles to attract clients.

In the first of two episodes about software, Amy and James look at whether you get the clients or the software first, the different types of bookkeeping, accounts & tax production and proposal software, CRM, and how the software needs of your practice will evolve over time. This podcast series complements our hub Creating Tomorrow’s Practice Today – a hub covering regulation, tips from other members and ACCA partners, and how you can build your community. There’s even a checklist that you can use to check your progress. You can check out our hub

At the time of the recording of this podcast, there was less than 500 working days until Making Tax Digital for Income Tax Self-Assessment (or MTD for ITSA as it's better known) was due to come into effect. Accountants may be wondering how much work is going to be required to prepare for it and operate under it. In this podcast, Jordan Smith and Andrew Smith of A G Smith & Co share their thoughts on how MTD for ITSA provides opportunities for a practice, and they suggest the first steps to take in preparing for MTD for ITSA if your practice hasn’t yet started on the digital journey.

This new podcast series in partnership with PracticeWeb will look at how to grow your practice through data driven marketing. In episode 5, Mike Crook and Zoe Sweet of PracticeWeb discuss how marketing can help overcome the price objection. They’ll cover the role that marketing plays in removing price objections, how to communicate your value to reduce those price objections, and practical tips on how to handle the objections through marketing.

This new podcast series in partnership with PracticeWeb will look at how to grow your practice through data driven marketing. In episode 3, Mike Crook and Ray Newman of PracticeWeb discuss whether you should become a specialist firm with a niche focus. They’ll cover the pros and cons of being a specialist firm, what the benefits of being niche are, whether niche just means a single sector, how you can turn your practice into a niche firm, and what business owners look for in an accountant.

If you're moving your practice on to the cloud and are wondering about all the apps out there, then listen to this podcast in which ACCA members talk about the apps they use and how it helps their practices. From expense management apps to receiving payment apps to cashflow forecasting apps - hear how these apps can help from your fellow practitioners.