Episode 8 of the Bean Counter to Boss 2.0 video series - The Future

Building on the Bean Counter to Boss podcast series about starting a practice, podcast hosts Amy Hancock of Hancock & Hastings Ltd, and James Goulsbra of GTA Accounting are back to talk about how they do what they do.
In this episode, Amy and James look into their crystal balls and share their predictions for the future of their practices. With technology rapidly evolving, they explore the significant role AI is set to play - from using tools like ChatGPT to automating routine tasks with custom bots. While AI won’t replace accountants, it’s set to be a powerful ally, saving time and enhancing value for clients.
They also discuss upcoming shifts in the accounting landscape, such as a possible increase in the audit exemption threshold and the impact of quarterly reporting for Making Tax Digital (MTD). These changes could mean more bookkeeping, more automation, and more opportunities for advisory services. And as Amy and James consider their longer-term strategies, they’ll delve into what the future holds for advisory work and their potential exit plans.
This video series complements our “Bean Counter to Boss” podcast series (practice-pulse...) and 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 - bit.ly/startyo...