What 2022 Has In Store for the Accounting Profession

Episode 42. In today's news episode, we discuss "What 2022 Has In Store for the Accounting Profession." Martin Bissett cites Paul Aplin of Accounting Web talking about key drivers and challenges for accountants this year. Key takeaways from this episode include: ➯ reinforcing that accountancy is a profession, not an industry ➯ MTD or Making Tax Digital - what will happen for accounting professionals with tax reform this year, with international implications ➯ "I've Had Enough" - the great resignation and whether it's time for some accountants to quit or stay in the game ➯ the number one thing that grates most on accounting people which turns them off the work they do ➯ the call for judgement skills in accountants and CPAs who are working remotely vz working alongside more experienced colleagues ➯ the 'day of the bookkeeper' and why bookkeeping will increase in importance and relevance ➯ the difference in role of UK vz US bookkeepers when serving business owners ➯ how governments are 'cracking down' on fraudulent claims in research and development or R&D ➯ what the number one focus should be for accountants and CPAs in the coming year and beyond ➯ what current and upcoming changes in regulation, digitalisation and globalisation means for accountancy professionals Source: https://www.accountingweb.co.uk/practice/general-practice/what-does-2022-have-in-store-for-the-profession NOTE TO LISTENERS: The Accounting Influencers Podcast is a CPE-accredited daily radio-style show with four segments coming out every Monday which are repeated on the other 4 weekdays as standalone episodes, plus a bonus 'from the client's perspective' episode on Saturdays. On Sundays, listeners get a short min trailer for the coming week's episodes. Every Tuesday the show gives you a relevant news topic from the accounting and fintech world with a direct application to accountants, CPAs and bookkeepers. Great to stay informed and build your commercial acumen. Every Wednesday and Friday, we feature an uncut interview with top authors, leaders, thinkers and performers in the accounting and fintech world. Every Thursday the show gives you a practical 'here's what works' tips concerning a key challenge, need or strategy for accountants, CPAs and bookkeepers. Great to stay current and keep your skills topped up. Finally, every Saturday gives listeners a bonus episode which focuses on the buyers of accounting services - the clients themselves. In particular how they feel, react to and experience their interactions with accountants. That includes why they buy or don't buy, why they move or stay and why they think how they think about you, your firm, your prices and your offerings. Martin and Rob love to hear from the show's 20,000 unique listeners in 144 countries around the world. If you like the show, leave a review wherever you listen, and please recommend the show to your friends and colleagues.