Here’s a list of our biggest accounting stories you might have missed – but still have time to read.
The Year of Doing Good
This year was all about making sense of things. Finding the right talent, being advisors to clients, integrating automation and moving to the cloud – there was a lot changing in the profession in very little time. Most firms that we worked with and talked to regularly didn’t mind the chaos but more importantly, they wanted to find meaning in the accounting profession's fast changing landscape.
It was this sense of finding a meaning that led to our original research report on ‘The Current State of Accounting’ and drew a roadmap for our fellow business partners to get through these times with the help of the right people, the right technology and ‘giving to the world.’
During this course of conducting the research, we also staked out a new path for charitable giving. It didn’t just help us in leaving a big impact on countless lives across the globe but also opened to the doors of our business to millennials who shared our zeal for our mission of better business, better lives and a better world. ‘Outsourcing for Good’ helped us and our clients become a part of a bigger cause. It helped us discover the true extents of 'the power of purpose' and the impacts that our business can have on countless people in the world.
A proud moment for us - @QXASLtd is now a member of @B1G1’s business for good movement!— QXAS Ltd (@QXASLtd) September 11, 2019
Support us in our mission to tackle the United Nations Global Goals and #makeadifference to many lives around the globe. 🌏🌲💦#b1g1 #businessforgood pic.twitter.com/IJyW1yOAtI
Bridging the MTD Gap
We’ll be honest – the year kicked off with quite some turbulence on the MTD front. Looking at the MTD software mandate that hovered like a dark cloud over many British accounting firms – we gathered all the helpful MTD advice from thought leaders at QXAS and put it together in the form of useful resources in our MTD Content Hub.
#MakingTaxDigital - Our ready-to-use client letters and emails will help you communicate the changes to your clients https://t.co/DRWNZ7b72U #Accountants #Bookkeepers #MTDVAT #MTD #Letters #Emails #Accountancy #MTD #Digitaltax #Cloudaccounting #Accountinghour pic.twitter.com/mMXlTlYuY2— QXAS Ltd (@QXASLtd) February 8, 2019
Surveying Accounting for Good
August was a revolutionary month in Accounting.
Over 250 practitioners, firm leaders, association heads, regulators and consultants participated in our industry-wide ‘Current State of the Accounting’ Research. The research covered hot-topic questions on their experiences, pressures and challenges in the accounting profession.
🇬🇧 #Accountants! There’s some really shocking news about the state of the #accounting industry.— QXAS Ltd (@QXASLtd) September 10, 2019
Learn what you need to keep your practice steady through all thick and thin with Industry Expert, @StevePipe! Secure your place on the #webinar today: https://t.co/NFukxW8E2X
A Report on Current State of Accounting
The findings from the research report were ‘shocking’ enough to be compiled into an original research report that our friend and business strategist appropriately titled as ‘The Really Bad News for Accountancy Practices and What to do About it.’
But despite the grim title, the report helped us find answers to some of the biggest challenges in accounting such as:
Uncover some very surprising facts about UK Accounting profession, key challenges & practical guidance on how to address those challenges.— QXAS Ltd (@QXASLtd) September 26, 2019
Download your free copy of the report to get a detailed analysis by @StevePipe https://t.co/LR4uh8ud01
Making a difference, one event at a time
2019 was an extremely ‘eventful’ year, literally. In October, we proudly sponsored events like ‘The B1G1x Conference’ in Charing Cross, London; while in November, we partnered with Solutio UK to host the ‘The Future of Payroll’ event at the stylish surroundings of the London Edition.
Besides just being sponsors, we gladly travelled to events in London where ideas on change, disruption and the advent of technology in accounting were discussed and celebrated.
From getting a shout-out by Gordon Gilchrist at the 2020 Group Conference to coming across Masami Sato’s groundbreaking philanthropic ideas at B1G1x – this year, we were inspired to develop our existing business model into a more charitable one by integrating social missions into all of our day-to-day operations. Below, let’s take a look at some of the stories brought to us through the lens of QXAS delegates, Parth Prajapati, Pom Chakravarti and Pramith Naidu in a roughly chronological order:
Earlier this week, @Parth_QXAS & @pomchakravarti had two action-packed days with 80+ like-minded people at @B1G1x. A big thank you to revolutionaries @StevePipe— QXAS Ltd (@QXASLtd) October 31, 2019
, @MasamiSato & @pauldunn for being such kind hosts to @QXASLtd! 🙌🌎🌱#BusinessForGood #OutsourcingForGood pic.twitter.com/80hQ2Rp6Sa
What an honour to have @gordongilchrist narrate the @QXASLtd story @2020GroupUK's #2020conf! 👏👏— QXAS Ltd (@QXASLtd) November 7, 2019
As Gordon says – we’re offering a free trial, so while you’re at #2020conf, stop by to say hi to #TeamQXAS and brainstorm ways to #growyourfirm through the busy #taxseason. 📈 pic.twitter.com/dzRfcZiTlp
Last Monday was no ordinary day. @QXASLtd and @SolutioUk came to uncover #TheFutureofPayroll & rest was history.— QXAS Ltd (@QXASLtd) November 27, 2019
⭐️ Some lasting connections were made
⭐️Our speakers sparked up a chat about challenges in #payroll
⭐️Some big industry shifts were uncovered!#umbrella #contractors pic.twitter.com/nRftgN8faT
Making Tax Season Good Again
The first step to bettering the world is bettering businesses.
In November, we launched our Tax Season Content Hub put together to address the most widespread tax season issues that keep firms away from – winning new clients, staffing shortage, collecting client’s data on time and much more.
Seen our new #TaxSeason content hub yet?— QXAS Ltd (@QXASLtd) December 17, 2019
It has been tailor-made for #accountants to maximise their profits without sacrificing their work-life balance at this peak-time of the tax season.
Explore Now >> https://t.co/orHvuFgGjd#Detaxication #TaxReturns #UKAccountants pic.twitter.com/htaVlCGhKx
Sneak-peek: all that QXAS has in store for 2020
The Launch of our Brand New Client Portal
In January 2020, a brand new client portal will be open to access for clients. The portal will bring clarity, focus and vision for our clients’ businesses through a unified client experience that helps them monitor their profits, track their jobs and forecast profits to stay ahead of the curve.
Monthly Advice: The Accountants’ Dealbook
The QXAS Newsletter titled ‘The Accountant Dealbook’ will bring our subscribers and clients a monthly dose of up-to-date useful, insightful articles and resources to help you make informed decisions in business. This is our way to keep our subscribers updated with the most important developments in the accounting –based on the analysis from today’s most creative and pioneering voices from the industry.
The Legacy of Good
Accounting and ‘doing good’ go back a long way. We’ve all longed to do the best for our clients and go the extra mile to meet their expectations. In fact, one of the findings from ‘The Really Bad News for Accountancy Practices..., 2019 shows us how accountants want to have a greater impact even beyond the profession and do some good in the world. Finally, as this highly eventful year draws to a close and as the New Year’s Eve approaches, we pause to look back on 2019 and the legacy of good that all our clients, readers and subscribers are helping us leave behind.
These legacies are often in the form of hope. The kids in Cambodia who now have pushbikes to go to school or the accounting practices in UK, who now have the adequate resources to work with – they both grow alike, as we strive towards giving them the best possible future and a world of better businesses, better lives and better societies to live in.