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In this episode, Rob Brown discusses the transformative impact of private equity on the accounting profession, particularly in terms of talent acquisition and retention. He highlights how private equity-backed firms are reshaping the traditional accounting model by offering new roles, competitive compensation structures, and accelerated career paths. Brown emphasizes the need for accounting leaders to adapt their strategies to attract and retain top talent in a rapidly changing landscape.
Big takeaways
70% of top performers at traditional firms would leave for private equity-backed firms.Private equity is a major disruptor in the accounting profession.The traditional model of recruiting and promoting talent is becoming obsolete.Private equity firms are reporting 40% lower turnover rates than traditional firms.New roles and career paths are emerging in private equity-backed firms.Today's professionals seek opportunities to create impact and lead projects.Compensation structures are being redesigned to include equity participation.Investing in non-technical skills is crucial for talent development.Career ecosystems are being built to support talent growth and retention.Accounting leaders must proactively adapt to the changing talent landscape.◣━━━━━━━━━━━━━━━━━━━━◢
The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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In this episode, Rob Brown discusses the significant changes in the accounting profession driven by private equity investments. He highlights the urgent need for accounting leaders to adapt to new leadership dynamics, emphasizing the importance of transformational skills, agility, and a growth mindset. The conversation outlines actionable steps for leaders to remain relevant and influential in a rapidly evolving landscape.
Takeaways
Half of accounting leaders may become irrelevant in 36 months.Private equity is reshaping leadership in accounting firms.Traditional paths to power in accounting are disappearing.PE-backed firms promote leaders much faster than traditional firms.Adaptive leaders are prioritized over seniority in PE firms.New leadership roles are emerging in accounting firms.Leaders must balance innovation with client trust.Decision-making is shifting from consensus to data-driven.The timeline for impact in accounting is shortening.Leaders need to strengthen their people management skills.◣━━━━━━━━━━━━━━━━━━━━◢
The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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Saknas det avsnitt?
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Every December, Accounting Today magazine selects 100 influential leaders in accounting. In this episode of the Accounting Influencer podcast, Rob Brown discusses the significance of influence in the accounting profession, highlighting how many leaders have built their authority from humble beginnings.
He outlines eight distinct paths to building influence, emphasizing that individuals can choose the path that aligns with their strengths. The conversation concludes with actionable steps for listeners to start building their influence intentionally, ensuring they remain relevant and strategically important in their careers.
Takeaways
Many influential leaders started from humble beginnings without elite advantages.Building influence is about curating authority and career capital, not just being on lists.The traditional path of technical expertise is waning in favor of new methods of influence.There are eight distinct paths to building influence in accounting.Successful leaders often align their influence strategies with their natural strengths. Small actions can lead to significant influence over time.Mentoring and developing others is a powerful way to build influence.Networking and community building are essential for fostering influence. Patience and persistence are key in the long-term game of building influence.The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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In this episode of The Accounting Influencers Podcast, host Rob Brown dives into the world of private equity and its growing impact on accounting firms. With firms like Baker Tilly and Grant Thornton selling stakes to private equity, Rob explores what this means for firm growth, independence, and leadership. Should accounting firms embrace private equity or avoid it at all costs? Listen in for a deep dive into the opportunities and risks that private equity brings to the accounting profession.
Key Takeaways
Private equity is increasingly targeting accounting firms, offering capital and growth opportunities.Firms like Baker Tilly and Grant Thornton have already sold stakes to private equity.Private equity helps firms attract top talent, invest in technology, and compete in mergers.The downside: more debt, outside control, and potential conflicts of interest with clients.Private equity-backed firms may face challenges in maintaining long-term client trust.SEC concerns about auditor independence could reshape how private equity is viewed in accounting.Leaders must decide whether private equity is a growth enabler or a risk to firm independence.Killer Quotes
"Would you sell half of your accounting firm to private equity for a billion dollars?""Private equity could be the biggest opportunity—or the greatest threat—to your firm’s independence.""Accounting firms are at a crossroads: stay independent or accept private equity investment.""Private equity is reshaping accounting firms, but at what cost?""The talent war is fierce, and private equity is the weapon many firms are choosing.""Could private equity undermine the long-term trust clients place in their accounting firms?""The question isn’t whether private equity is coming—it’s already here."Looking to promote your tech or software solutions to accountants worldwide? By sponsoring the Accounting Influencers Podcast, you can reach an engaged, international audience of accounting professionals. With our growing YouTube channel, your sponsorship will live on multiple platforms, maximizing your brand’s exposure. Contact us to learn more about this fantastic opportunity!
If you’re an influencer in the accounting world and want to elevate your reputation, we’ve got just the thing. Rob Brown offers a personalized service that takes the burden of content creation off your shoulders. We do video interviews and turn them into compelling blogs, articles, and social media clips, positioning you as an expert in your field. Reach out to see how we can help you stand out!
As accountants, your technical skills are only half the story. To truly gain influence, you need to connect with the wider ecosystem that surrounds accounting firms—technology providers, consultants, and other industry experts. That’s where the Accounting Influencers Roundtable (AIR) can help. Head over to our LinkedIn page ‘Accounting Influencers’ to discover a space where accounting professionals can expand their network, get valuable insights, and connect with key players in the tech world. Check it out and start building those critical connections today!
The Accounting Influencers Podcast (AIP) is aimed at accounting firm leaders, managers, and partners looking to build their executive presence, influence, and credibility both internally and externally. The show focuses on helping professionals strengthen their personal brand, stay informed about industry changes, and navigate disruptive forces affecting accounting business models and trends. The content includes solo insights from host Rob Brown as well as interviews or panel discussions with industry leaders. Check out the show on your preferred podcast app or platform, or go to the Accounting Influencers YouTube channel for all of the episodes...
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In this episode of the Accounting Influencers Podcast, Rob Brown dives into the Key Facts and Trends in the Accountancy Profession 2024 report, revealing how accounting firms are being impacted by the rapid pace of technological change and disruption.
From the shrinking number of audit firms to the increasing role of AI and cloud accounting, Rob offers actionable insights for leaders, managers, and influencers looking to stay relevant and build influence. He also explores the growing importance of diversity and how firms can retain top talent in a highly competitive landscape. If you’re serious about staying ahead and building your personal brand inside and outside your firm, this episode is a must-listen.
Key Takeaways:
Audit firms are shrinking, which intensifies competition for talent and clients.Embracing technology such as AI and cloud accounting is essential for staying competitive.Audit fee income is growing—firms that innovate are seeing results.The most successful firms invest in diverse talent to future-proof their businesses.Leaders need to position themselves as thought leaders to maintain influence.The growing percentage of female accounting students shows a shift in the profession’s demographics.Firms that fail to adapt risk losing their best talent and clients to more tech-savvy competitors.Killer Quotes:
"Audit firms are shrinking—what’s your next move?""The future of accounting is here—are you ready?""Leaders who fail to adapt will disappear.""The firms winning today are those that invest in diverse talent.""AI and cloud accounting aren’t buzzwords—they’re the future.""Audit fee income is up, but only for those firms who innovate.""Stay ahead, or get left behind in the disruption."You can also view this on youtube:
Boost Your Thought Leadership Without the Heavy Lifting!
Are you an accounting professional looking to build your personal brand but struggling to find the time? Let Rob Brown help you accelerate your thought leadership with his bespoke interview service. In just 30 minutes, we’ll capture your insights and turn them into articles, blogs, and video clips for your marketing team to use. It’s the easiest way to establish yourself as a thought leader without doing all the heavy lifting! Contact us to learn more.
Want to Get Your Brand in Front of Accountants?
Looking to promote your tech or software solutions to accountants worldwide? By sponsoring the Accounting Influencers Podcast, you can reach an engaged, international audience of accounting professionals. With our growing YouTube channel, your sponsorship will live on multiple platforms, maximizing your brand’s exposure. Contact us to learn more about this fantastic opportunity!
Expand Your Influence Beyond Accounting!
Want to take your influence beyond just accounting? Building relationships with the tech and consulting world that serve accountants is key to staying ahead. Our LinkedIn page, Accounting Influencers, is where you can start those connections. We’re sharing insights that help you navigate the accounting ecosystem, while opening doors to wider networks and opportunities. Don’t miss out—join the conversation on LinkedIn at Accounting Influencers and position yourself as a leader in the accounting space!
The Accounting Influencers Podcast (AIP) is aimed at accounting firm leaders, managers, and partners looking to build their executive presence, influence, and credibility both internally and externally. The show focuses on helping professionals strengthen their personal brand, stay informed about industry changes, and navigate disruptive forces affecting accounting business models and trends. The content includes solo insights from host Rob Brown as well as...
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Tech – A Force for Good or the Death of Accountants? In this episode of the Accounting Influencers Podcast, host Rob Brown delves into the critical topic of technology’s impact on the accounting profession. With automation, AI, and machine learning reshaping how accountants work, the big question is: Is tech a savior or a job killer?
Rob breaks down what this technological revolution means for accountants today and in the future, exploring both the opportunities and the risks. For firms and professionals who embrace these tools, the future looks bright. But for those who resist? The outlook may not be so promising.
Key Takeaways:
AI & Automation’s Impact on the Profession: While some accounting tasks are being automated, the shift opens doors for higher-value, advisory roles that AI can’t replicate yet.
The Value of Soft Skills: As automation takes over manual tasks, accountants who focus on client relationships and strategic thinking will thrive.
The Need for Tech Adoption: Firms that invest in and adopt the right technology will remain competitive, while those that don’t risk being left behind.
Leadership’s Role in Guiding Tech Transformation: Leaders must set an example by embracing tech and fostering a learning culture within their firms.
If you’re serious about future-proofing your career and firm, now is the time to take action. Embrace the changes, invest in technology, and focus on developing the skills that will set you apart. Drop your thoughts in the comments or email us with your stories about how your firm is handling the tech revolution in accounting. Don't forget to subscribe and share this episode with your colleagues who need to hear this important conversation!
The Accounting Influencers Podcast (AIP) is aimed at accounting firm leaders, managers and partners looking to build their executive presence, influence and credibility both internally and externally. The show focuses on helping professionals strengthen their personal brand, stay informed about industry changes, and navigate disruptive forces affecting accounting business models and trends. The content includes solo insights from host Rob Brown as well as interviews or panel discussions with industry leaders. Check out the show on your preferred podcast app or platform, or go to the Accounting Influencers YouTube channel for all of the episodes in video format. https://youtu.be/lsJS9hxhv5E
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
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Conferences are back, but are you truly getting value from them? In this episode of the Accounting Influencers Podcast, host Rob Brown dives into 10 powerful strategies to ensure your time, money, and energy at accounting and tech conferences translate into real returns. Whether you're a leader, manager, or influencer in an accounting firm, these tips will help you build your personal brand, strengthen your network, and find actionable insights to bring back to your team.
If you've ever left a conference wondering if it was worth it, this episode is for you. Rob shares practical advice on setting clear goals, networking with purpose, evaluating tech solutions, and ensuring your learnings translate into real business outcomes.
What You’ll Learn in This Episode:
Why accounting professionals often fail to get ROI from conferences—and how you can avoid common mistakes.The importance of setting clear objectives before attending any event.How to research speakers and attendees to target meaningful connections.Why being strategic about networking and participation is key to standing out.How to leverage conference tech tools for scheduling, learning, and staying engaged.Actionable tips for sharing knowledge with your team to maximize firm-wide impact.The importance of evaluating conference success against your initial objectives.Who Should Listen?
This episode is a must-listen for:
Accounting leaders, managers, and influencers looking to maximize the value of conferences.HR and talent professionals seeking to enhance recruitment and retention strategies.Anyone in accounting interested in building their personal brand and strengthening their network.Quotes from the Episode:
“Are you wasting time and money at conferences? It’s time to change that.”“Networking isn’t about how many people you meet—it’s about who remembers you and why.”“Every conference is an opportunity to amplify your personal brand and influence.”Call to Action:
Follow Accounting Influencers on LinkedIn for more of this content. And watch this episode on Youtube here:
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
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In this episode of the Accounting Influencers podcast, Rob Brown discusses the recent layoffs in the accounting profession, particularly among the big four firms and software providers. He explores the reasons behind these layoffs, the evolving skill requirements for accountants, and the new opportunities that arise from these changes. The conversation emphasizes the importance of continuous learning, adaptability, and thought leadership in navigating the current landscape. Additionally, Rob addresses the implications for the talent pipeline and offers insights for leaders on how to manage their teams during this period of disruption.
Key Takeaways
Layoffs in accounting are reshaping the profession.AI and automation are driving job changes in accounting.Accountants must develop technology and data analysis skills.The demand for advisory services is increasing.Continuous learning is essential for career longevity.Thought leadership is crucial for career advancement.Layoffs create mentorship gaps in firms.New career paths are emerging for laid-off accountants.The talent pipeline may be affected by perceptions of instability.Leaders must navigate change with empathy and transparency.Watch this on Youtube: https://youtu.be/2BaxT8xZQqY
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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In this episode of the Accounting Influencers Podcast, Rob Brown emphasizes the critical role of personal branding for accounting professionals. He discusses how a strong personal brand can differentiate individuals in a competitive field, enhance visibility, and open doors to new opportunities. The conversation covers the importance of creating content, engaging with audiences, and maintaining authenticity and consistency in branding efforts. Ultimately, Rob encourages accountants to leverage their influence to drive positive change within the industry.
Key Takeaways
If you're relying solely on technical skills, you're falling behind.Building a standout personal brand can catapult you ahead.Influence is becoming as important as expertise in accounting.Your personal brand communicates your unique value and perspective.Trust is at an all-time low; influence is a precursor for trust.A strong personal brand accelerates career advancement.Consistency in content creation is key to maintaining influence.Engaging in conversations enriches your perspective and influence.Authenticity strengthens your influence and attracts people.Personal branding is about driving positive change and storytelling.◣━━━━━━━━━━━━━━━━━━━━◢
The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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In this episode of the Accounting Influencers podcast, Rob Brown discusses the significant shifts occurring in the accounting profession, particularly the decline of the traditional partnership model. He emphasizes the need for firms to adapt to a corporate business model led by a CEO, driven by the growing influence of private equity. The conversation highlights the importance of technology, strategic leadership, and innovative hiring practices in shaping the future of accounting firms. Rob provides actionable strategies for aspiring leaders to enhance their influence and authority within their firms, advocating for modernization and collaboration.
Key Takeaways
The partnership model is increasingly seen as outdated and ineffective.Firms must adapt to a corporate model to remain competitive.Private equity is playing a significant role in transforming accounting firms.Technology and automation are essential for future growth and efficiency.Leaders should focus on long-term firm success over individual gain.Understanding the impact of private equity is crucial for strategic positioning.Specializing in niche industries can enhance a leader's value.Collaboration across departments is vital for firm growth.Innovative hiring practices can shape the future of accounting firms.Leaders must anticipate industry shifts to drive change.Watch on Youtube here: https://youtu.be/aQ6YzA87wMc
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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In this episode of the Accounting Influencer podcast, Rob Brown discusses the transformative power of public writing for accounting professionals. He emphasizes that writing in public can set individuals apart in their careers, enhance their reputation, and establish them as thought leaders in the industry. Rob addresses common fears associated with writing and encourages accountants to share their insights and experiences. He highlights the long-term benefits of consistent writing, not only for personal branding but also for the reputation of their firms. The episode concludes with practical tips for getting started with public writing.
Key Takeaways
Public writing can transform your career and reputation.Most accounting professionals fear writing in public.Writing publicly helps establish thought leadership.Everyday insights from your work are valuable to share.Consistency in writing leads to increased visibility.You can start writing even when no one is watching.Fear of judgment should not hold you back from writing.Building a personal brand benefits both you and your firm.Public writing can attract new clients and opportunities.Engaging in public writing sets a tone for leadership in your firm.Check out the show here on youtube: https://youtu.be/84xauQnfUjc
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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How well-equipped is the accounting profession to handle rapid technological advancements and a changing workforce? Are firms ready to embrace the future or stuck in outdated models?
Rob Brown hosts an expert panel featuring Todd Robinson, Angie Grissom, Itamar Jobani, and James Hickey to discuss the future of the accounting profession. The conversation explores critical challenges facing accountants today, such as adapting to technological changes, AI integration, talent retention, and shifting towards a more advisory-based role. The panel shares their unique insights on how firms must navigate cultural shifts, embrace leadership, and rethink their traditional business models to stay competitive.
The discussion also highlights the necessity of upskilling accountants and the role of technology in shaping the future. The panel dives deep into the transformative impact of AI, the benefits of a corporate rather than partnership model, and how firms can move from good to great by telling better stories and offering more personalized advisory services. They also emphasize the importance of attracting and retaining talent in a profession undergoing rapid change.
Key Takeaways:
✓ The accounting profession faces a critical people problem with talent shortages, driven by long work hours and declining interest from younger generations.
✓ Contrary to fears, AI will not replace accountants but will enhance their roles by automating mundane tasks and enabling them to focus on strategic advisory services.
✓ Strong leadership and innovative culture are key to moving accounting firms from good to great. Firms must empower young talent and create a strategic approach to problem-solving.
✓ Accountants need to stop fearing technology and start viewing it as an enabler that helps streamline operations and enhance client service.
✓ The outdated partnership model should evolve toward a corporate structure, enabling firms to be more agile and strategic.
Quotes:
"Your top clients are your competitors' top prospects. Are you showing up as their trusted advisor?" – Angie Grissom
"AI won't kill the accounting profession; it will free accountants to do the work that really matters." – Itamar Jobani
"Firms need to stop doing what they've always done and rethink what it means to add value in today's market." – James Hickey
"The biggest threat? Talent. The next generation doesn't see accounting as sexy, and we need to change that." – Todd Robinson
View this episode in video on YouTube here: https://youtu.be/JLCm3FGilXk
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
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Are accountants ready to tackle the future, or will technology leave them behind? What major shifts are disrupting the profession, and how can accountants stay relevant?
Rob Brown leads a lively discussion with an international panel of accounting professionals: Dr. Anton Lewis, Kelly Mann, Sabby Gill, and Eriona Bajrakurtaj. Together, they discuss the pressing challenges and emerging opportunities facing the accounting profession today. The conversation goes through how technology, particularly AI, is reshaping the landscape and what firms must do to stay competitive. The panelists also discuss the generational divide in tech adoption, the shortage of accounting talent, and the evolving role of accountants from traditional number-crunchers to strategic business advisors.
The debate highlights the need for accountants to embrace innovation, improve client communication, and network with peers for knowledge sharing. As the profession moves forward, the panelists emphasize the importance of staying agile, adapting to technological advancements, and rethinking the skill sets accountants need to thrive in a rapidly changing environment.
Key Takeaways:
✓ Firms that don’t adopt technology will fall behind and face extinction in the rapidly evolving accounting landscape.
✓ Younger generations are more adept with tech but lack real-world experience; older generations need to catch up to new tools.
✓ Accountants must see AI as a partner to enhance efficiency and service, rather than something that will replace them.
✓ Moving beyond compliance, accountants need to focus on strategic advice and deeper client relationships.
✓ Breaking down the silos within the profession can foster collaboration and innovation, helping accountants provide better services.
Quotes:
“In adversity, there is advantage—accounting’s crisis is your opportunity.” – Anton Lewis
“Accountants need to stop being generalists and start specializing.” – Kelly Mann
“Technology is here to complement, not replace us—let’s use it to provide better services.” – Eriona Bajrakurtaj
“If you don’t adopt technology now, you’ll become the laggard of the industry.” – Sabby Gill
“The profession’s future lies in moving from compliance to deep, proactive client engagement.” – Rob Brown
View this episode in video on YouTube here: https://youtu.be/I9hLkQMp2G4
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
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Is private equity killing or saving public accounting? What does the future hold for the accounting profession in the age of PE and AI?
Rob Brown sits down with Tim Brackney, CEO of a private equity-backed accounting and advisory platform, to discuss the impact of private equity on the accounting profession. With a background in professional services and a current role at the intersection of PE and accounting, Brackney offers a unique perspective on the challenges and opportunities facing the industry.
The conversation delves into the current state of the accounting profession, highlighting the critical talent shortage and the evolving expectations of the younger workforce. Brackney shares his thoughts on how private equity is reshaping the traditional partnership model, driving efficiencies, and potentially offering solutions to long-standing issues in the industry. The discussion also touches on the interplay between private equity and artificial intelligence, and how these forces might shape the future of accounting.
Key Takeaways:
✓ Private equity is not killing public accounting, but rather offering potential solutions to existing problems
✓ The accounting profession is facing a critical talent shortage, with fewer people entering and staying in the field
✓ Private equity is creating both turbulence and opportunities in the accounting industry
✓ The traditional partnership model in accounting firms is being challenged by new structures and expectations
✓ The combination of private equity and AI could drive efficiencies and change the focus of accounting professionals
Quotes:
"Private equity is not killing public accounting. Public accounting, I think, was killing public accounting."
"Talent's looking for a different way to operate. They want more flexibility. They want more ownership."
View this episode in video on YouTube here: https://youtu.be/_FML6KBXYt8
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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Is the accounting profession ready for its biggest transformation yet? With AI, private equity, and a talent shortage, how can firms stay competitive?
Rob Brown is joined by top accounting leaders—Anthony Pugliese, Mark Edmondson, Philip Whitman, and Randy Crabtree—to discuss the shifts happening within the accounting profession. From technological advancements like AI to the increasing focus on ESG reporting, the panel explores the challenges and opportunities that lie ahead for accounting firms.
The discussion covers critical issues such as the talent shortage, the evolution of accounting into advisory roles, and the pressure on firms to embrace digital transformation. Despite the challenges, the panelists are optimistic about the future, highlighting how firms can adapt by upskilling, embracing technology, and changing traditional mindsets around compliance and billing models.
Key Takeaways:
✓ The profession is moving rapidly toward automation and AI, but accountants need to adopt these technologies to stay relevant.
✓ Private equity is increasingly involved in the accounting industry, driving efficiency and digital transformation across firms.
✓ With 75% of accountants nearing retirement, firms face a significant talent shortage. The profession needs to become more attractive to younger generations.
✓ The traditional hourly billing model is outdated. Firms must focus on value-based pricing to stay competitive and align with modern business practices.
✓ To attract top talent, firms must prioritize culture, mental health, and work-life balance, especially in an era where burnout is prevalent.
Quotes:
"We have to stop selling time and start selling value. It’s about outcomes, not hours." – Randy Crabtree
"Private equity sees accounting firms as the next big thing. The potential for efficiency and profit is immense." – Philip Whitman
"The future of accounting isn’t just about compliance—it’s about being partners in innovation and technology." – Anthony Pugliese
"Accountants need to shift their mindset from risk-averse to proactive if they want to survive and thrive." – Mark Edmondson
View this episode in video on YouTube here: https://youtu.be/p-yr1Htaqmc
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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Are you ready for the AI revolution in accounting? Can the profession attract young talent in the face of tech-driven disruption?
In this thought-provoking episode, host Rob Brown brings together industry veterans Bobby Lane, Randy Wootton, Rick Richardson, and Tony Szczepaniak to dissect the evolving landscape of the accounting profession. The panel dives deep into the integration of AI, the looming talent crisis, and the shifting demands of modern clients.
Despite acknowledging significant challenges, including waning interest from younger generations and the disruptive force of emerging technologies, the experts offer a beacon of hope. They provide valuable insights on how accounting firms can adapt to this new reality, leveraging AI to deliver high-value advisory services and capitalizing on the increasing complexity of client needs. This episode serves as an essential guide for accounting professionals looking to navigate the turbulent waters of change and seize the opportunities that lie ahead.
Key Takeaways:
✓ AI will automate routine tasks, but firms embracing it can provide higher-value advisory services
✓ The industry faces a critical shortage of young professionals due to competition from tech sectors
✓ Firms focusing on specialized services or niche markets will be more competitive
✓ Clients now expect strategic advice and insights beyond traditional compliance work
✓ The rise of entrepreneurship creates opportunities for comprehensive back-office solutions
Quotes:
"AI isn’t going to replace accountants—but accountants who embrace AI will replace those who don’t." – Bobby Lane
"The firms that survive will be those that move from back-office number crunching to front-office business strategy." – Randy Wootton
"Young people aren’t avoiding accounting because it’s boring—they're choosing careers where they can see the impact of their work faster." – Rick Richardson
"We’re not asking if change will happen anymore. The conversation now is about when and how." – Tony Szczepaniak
View this episode in video on YouTube here: https://youtu.be/I7NMqA9vZjg
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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How are the most successful accountants navigating the rapid changes in technology, regulation, and talent shortages? What secrets are the top industry leaders using to stay ahead in this ever-evolving landscape?
Rob Brown leads a dynamic panel discussion with industry leaders Randy Johnston, Harry Blum, Jennifer O'Carroll, and Trevor Greenway. They discuss the profound shifts happening in the accounting profession today, from the impact of private equity to the essential role of technology and the future of talent management. The conversation explores through the challenges and opportunities presented by AI, regulatory changes, and the evolving role of accountants as trusted advisors.
The panelists provide actionable advice on how firms can embrace change, enhance their value propositions, and future-proof their businesses. They also discuss the critical importance of upskilling, the integration of technology, and the need for accountants to adapt to a rapidly changing environment. Whether you're a firm owner, a practicing accountant, or someone interested in the future of the profession, this episode is packed with valuable takeaways.
Key Takeaways:
✓ AI is transforming how accountants operate by automating routine tasks and providing deeper insights through data analysis.
✓ As technology continues to advance, accountants must develop new skills to keep pace. This includes learning to use advanced software tools, understanding data security, and becoming proficient in data analysis.
✓ The growing involvement of private equity in the accounting sector is changing traditional business models. Private equity firms bring significant capital and a focus on efficiency, which can lead to innovations but also challenges to established practices.
✓ The accounting industry is experiencing a shift from compliance-based services to advisory roles. This change is driven by the decreasing profitability of compliance work due to automation and regulatory changes. Firms that want to thrive must pivot towards offering more value-added advisory services, where they can provide strategic insights and guidance to their clients, rather than just focusing on routine tasks.
✓ A firm’s culture and sense of purpose are key to attracting and retaining top talent. In an environment where competition for skilled accountants is fierce, organizations that clearly define their mission and foster a positive, inclusive culture will stand out.
Quotes:
"Different is not always better, but better is always different." - Harry Blum
"Accountants aren't just number crunchers; they're the key to unlocking business success." - Rob Brown
"The future of accounting isn't about compliance, it's about being a proactive, trusted advisor." - Trevor Greenway
"If you're not leveraging AI, you're already behind the curve." - Randy Johnston
View this episode in video on YouTube here: https://youtu.be/g0ewmI109bE
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world.
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Are AI and ChatGPT revolutionizing business advisory services? How can accountants leverage these tools to deliver more value to their clients?
Rob Brown and Mark Wickersham, an expert in value pricing and AI applications for accountants, tackles the world of ChatGPT and artificial intelligence, exploring how these technologies are transforming the accounting profession, particularly in the realm of business advisory services.
Mark shares his insights on how AI can help accountants overcome time constraints and boost confidence in providing strategic advice. He discusses the potential of ChatGPT for ideation, research, and strategy development, emphasizing that while AI is a powerful tool, it won't replace human expertise. The conversation covers practical applications, best practices, and ethical considerations for integrating AI into accounting workflows.
Key Takeaways:
✓ ChatGPT excels at ideation, research, and strategy development for business advisory
✓ AI can help accountants overcome time constraints and confidence issues in providing advisory services
✓ Accountants need to adapt to AI to stay relevant and maintain a competitive edge
✓ ChatGPT can analyze financial data and provide insights for client meetings
✓ The value is in the conversation with clients, not just in AI-generated reports
Quotes:
"AI is not going to replace us. It's how our competitors are going to use AI that's going to replace us."
View this episode in video on YouTube here: https://youtu.be/jFQfxfl1W7A
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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Is accounting really a dying profession? Or is it on the cusp of an exciting revolution?
Rob Brown brings together a panel of industry experts to debate the future of accounting. Despite current challenges, the panelists paint a picture of a profession ripe with opportunity for those willing to embrace change and innovation.
The discussion covers critical issues facing the accounting world, including talent shortages, technological disruption, and the need to rebrand the profession to attract new generations. The panelists offer insightful perspectives on how firms can adapt their business models, leverage technology, and create more fulfilling career paths. While acknowledging the hurdles, there's a strong sense of optimism about accounting's vital role in helping businesses succeed and the diverse opportunities available to those entering the field.
Key Takeaways:
✓ The accounting profession needs to rebrand itself to attract new talent
✓ Firms should move away from the "minnow management" business model to improve profitability and work-life balance
✓ Technology vendors need to work more closely with accountants to develop truly useful solutions
✓ Involving next-gen talent in technology decisions can help drive innovation in firms
✓ There's a need to make the profession more inclusive and representative of the community
Quotable Moments:
"Accountants are the superheroes of the economy." - Renee Moelders
"The only thing that's consistent in our firm is change." - Andrew Berg
"We need to celebrate the successes and focus on the good things about the profession." - Sona Akmakjian
View this episode in video on YouTube here: https://youtu.be/QjI8E_kI8Z4
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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In this insightful episode, Rob Brown delves into the world of accounting firm valuations and sales with Brannon Poe. They discuss the current trend of consolidation within the industry, driven by the influx of private equity money and the large number of accounting professionals nearing retirement age.
Brannon shares his expertise on the key factors that make an accounting practice valuable and sellable, including profitability, owner hours, location, and specialization.
The conversation explores the various types of buyers for accounting firms, such as individual buyers, private equity firms, and strategic acquisitions by other firms.
Brannon emphasizes the importance of understanding a buyer's motivations and ensuring a good fit, as selling a firm involves more than just financial considerations – it's about preserving client relationships and taking care of staff.
In addition, he also offers practical advice for firm owners looking to maximize their firm's value before a sale, including purging unprofitable clients, raising prices, and focusing on specific service lines. He encourages accountants with an entrepreneurial spirit to consider starting their own niche boutique firm, as it can provide greater control over building a sellable asset.
Key Takeaways:
Location, profitability, and owner hours are crucial factors in determining an accounting firm's value and saleability.Specialization and avoiding being a generalist firm increase efficiency and profitability, making a firm more attractive to buyers.Understanding the motivations and fit of potential buyers (individual, private equity, or strategic acquisition) is essential for a successful sale.Purging unprofitable clients, raising prices, and focusing on specific service lines can significantly increase a firm's value before a sale.Starting a niche boutique firm can be a viable option for entrepreneurial accountants, allowing them to build a sellable asset tailored to their vision.Quotes:
"If you've got low owner hours and high profitability, you're going to command a more premium price for your firm, and it's probably going to sell faster." - Brannon Poe
"If you're wired a certain way, you're going to do (DO WHAT?)it anyway. So just go ahead and do it sooner rather than later." - Brannon Poe
View this episode in video on YouTube here:
https://youtu.be/MZwyyxsbkUs
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers. To participate in our international virtual speed networking events for the accounting community, book your place at the next gathering. Great for building your personal brand and making valuable industry connections in return for a small donation to charity: https://accountinginfluencers.com/events
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Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to...
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