SME succession planning ‘put on hold’

https iqoption com contatto Despite the “critical importance” of succession planning for accounting SMEs, business owners have delayed it in the past three years, says one research company.

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www iqoptionen com Bstar chief executive Grant Bloxham says company research shows the majority of accountants do not have a succession plan, and this is most likely due to changes that have occurred in the past few years.

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binäre option “In 2013, accountants had to deal with the digital disruption. In 2015, they faced pressure from a profit–cash flow perspective because of technology, so they restructured their practice, and they capped costs and they got rid of non-performing people in their business,” Mr Bloxham said.

dove ÃÂÂВРpossibile fare trading con poco denaro “So in 2016, what’s come out of that is accountants have said, ‘We need to grow our top line revenue and we need to get more profit in our practice before we sell it’, so I think succession has been put on hold in the last three years.”

kann man bei consors binäre optionen handeln Mr Bloxham said while smaller practices that generate less than $400,000 in fees, “don’t have to worry as much” about succession planning, practices generating fees exceeding this figure need a succession plan.

vip portal forex kenya “You see a lot of mergers where accounting practices generating significant fees need to get economy to scale, so their succession plan is critical,” he said.

opzioni binariewinner option “If you look at our research, most accountants, I think it’s seven out of ten [on average] don’t have [a plan].”

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