{"id":13949,"date":"2025-02-18T10:06:56","date_gmt":"2025-02-18T09:06:56","guid":{"rendered":"https:\/\/figsflow.com\/uk\/?p=13949"},"modified":"2025-12-16T11:58:32","modified_gmt":"2025-12-16T10:58:32","slug":"complete-guide-to-starting-an-accountancy-practice","status":"publish","type":"post","link":"https:\/\/figsflow.com\/uk\/complete-guide-to-starting-an-accountancy-practice\/","title":{"rendered":"Complete Guide to Starting an Accountancy Practice"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"13949\" class=\"elementor elementor-13949\" data-elementor-settings=\"{&quot;element_pack_global_tooltip_width&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-section elementor-top-section elementor-element elementor-element-f293e0f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f293e0f\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d865a7f\" data-id=\"d865a7f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-01c5246 elementor-widget elementor-widget-text-editor\" data-id=\"01c5246\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Starting your own accountancy practice is an exciting and rewarding journey. It offers the freedom to build a business on your terms and serve clients you are passionate about. But it is not without its risks. To succeed, you need, as well as technical accounting skills, a clear strategy and the ability to adapt to a competitive market.<\/p><p>This guide is for accountants who want to start their own practice. It cuts through the noise and provides actionable, relevant advice to help you sharpen your knowledge, avoid common mistakes and build a thriving business.<\/p><h2>Lay the Foundation<\/h2><p>Before going all in, take a step back and evaluate whether you are ready to start your own accountancy practice. Because jumping in blind can lead you to jumble up your goals and needlessly lose profits. So, before taking your first steps, ask yourself:<\/p><h4>Do I Have the Right Expertise?<\/h4><p>While technical accounting knowledge is essential, running an accountancy practice requires additional skills like client management, marketing and business strategy. If you lack experience in those areas, consider upskilling or partnering with someone who complements your strengths.<\/p><h4>Am I Financially Prepared?<\/h4><p>Starting an accountancy practice requires upfront investment in software, office space (if needed), marketing and more. You should have enough savings to cover at least 6-12 months of personal and business expenses.<\/p><h4>Am I Ready for the Responsibility?<\/h4><p>Running an accountancy practice means being accountable for everything, from client satisfaction to compliance with regulations. It is a big shift from being an employee.<\/p><h2>Define Niche &amp; Value Proposition for Your Accounting Firm<\/h2><p>When starting your own <a href=\"https:\/\/figsflow.com\/uk\/figsflow-revolutionary-pricing-option-for-accountancy-firms\/\">accountancy practice<\/a>, one of the most critical decisions you will make is defining your niche and value proposition. This isn\u2019t just about \u201cpicking a specialty.\u201d Rather it is about carving out a space in the market where you can attract the right clients and build a reputation as the go-to expert.<\/p><p>Trying to be everything to everyone is a recipe for burnout and mediocrity. When you niche down, you:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df06adc elementor-widget elementor-widget-text-editor\" data-id=\"df06adc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Stand out in a crowded market and clients are more likely to choose a specialist over a generalist<\/li><li>Charge premium fees as expertise commands higher rates<\/li><li>Work with clients you enjoy and focusing on a niche allows you to work in areas you are passionate about<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a36371 elementor-widget elementor-widget-text-editor\" data-id=\"2a36371\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Leverage Your Experience and Passion<\/h2><p>Your niche should match your skills, interests and market demand. Think about your past roles and clients. What industries or types of accounting work did you enjoy most? Where did you excel? Which accountancy practices are you familiar with?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-263de5a elementor-widget elementor-widget-text-editor\" data-id=\"263de5a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>For Example:<\/strong><\/p><ul><li>Did you work with healthcare providers and understand their unique billing and compliance needs?<\/li><li>Did you help startups with fundraising and financial forecasting?<\/li><li>Were you involved in forensic accounting or fraud detection?<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5bf59f8 elementor-widget elementor-widget-text-editor\" data-id=\"5bf59f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Not every niche is profitable, however. Research the market to identify areas with high demand and low competition. Use tools like Google Trends, industry reports and local business directories to gauge demand. This will help you setup an accountancy firm that fills a real gap in the market.<\/p><p>Moreover, if you are passionate about a particular industry or type of work, you will be more motivated to excel and build a reputation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2162061 elementor-widget elementor-widget-text-editor\" data-id=\"2162061\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>For Example:<\/strong><\/p><ul><li>If you love technology, consider specialising in cloud accounting or helping tech startups<\/li><li>If you enjoy solving complex problems, forensic accounting or tax dispute resolution might be your calling<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a704dfc elementor-widget elementor-widget-text-editor\" data-id=\"a704dfc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>\u00a0Accountancy Practice Setup<\/h2><p>Decide how you will operate your accountancy practice. Will you be a sole trader, partnership or limited liability company (LLC)? Each has pros and cons. A sole proprietorship is easy to start but puts your personal assets at risk. An LLC offers protection but comes with more paperwork. Speak to a legal or financial expert to find the best fit for your goals.<\/p><p>Once you have chosen your structure, register with the right authorities such as Companies House for limited companies. You will also need to sign up with HMRC for taxes and obtain any necessary licenses. If you are an accountant, joining a professional body like ACCA, ICAEW, or CIMA adds credibility and trust.<\/p><p>Next, set up your workspace. Whether working from home or an office, your space should be professional and organised. A clutter-free, well-equipped environment boosts productivity and leaves a good impression on clients. Invest in essentials like a reliable computer, accounting software and secure storage for documents.<\/p><p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-13955\" src=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/02\/figsflow.png\" alt=\"Funding Your Accounting Business\" width=\"1000\" height=\"500\" srcset=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/02\/figsflow.png 1000w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/02\/figsflow-300x150.png 300w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/02\/figsflow-768x384.png 768w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/02\/figsflow-650x325.png 650w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p><p>And choose an accounting platform that fits your clients&#8217; needs. Favourites include QuickBooks, Xero and FreshBooks. For better workflow management, consider tools like Karbon, Practice <a href=\"https:\/\/figsflow.com\/uk\/ignition-vs-figsflow-comparison-accountants-perspective\/\">Ignition<\/a> or FigsFlow to keep track of proposals and engagement letters, deadlines, client communications and tasks.<\/p><p>Another important task is to secure client data. Use encryption, two-factor authentication and regular data backups to protect sensitive information. Clients trust accountants with their finances, do not give them a reason to worry.<\/p><p>Needless to say, don\u2019t overlook insurance. Professional indemnity insurance protects your accountancy practice if a client claims you made an error. Public liability and cyber insurance offer extra protection against unexpected risks. The right coverage means your business stays safe from financial shocks.<\/p><p>First impressions also matter. Set up a polished website, design a professional logo and use a business email address. These small details help establish trust and make your accounting firm look credible from day one.<\/p><h2>Funding Your Accounting Business<\/h2><p>Once you have planned the structure for your accountancy practice, the next step is securing the funds to get it off the ground. There are several ways to raise capital, each with its own pros and cons.<\/p><p>Bank loans are the most common option, but approval requires a solid business plan and good credit. If that is a hurdle, the Small Business Administration (SBA) can act as a guarantor, increasing your chances of getting a loan. Government grants are another possibility; though limited, they can provide financial assistance to entrepreneurs.<\/p><p>Venture capital investors may be an option for businesses with high growth potential, but they will take an ownership stake, meaning less control for you. Friends and family can also help, either as investors or lenders, but make sure you handle it professionally; legal advice is a must to comply with regulations.<\/p><p>Crowdfunding platforms also allow you to raise money from the public. Finally, if you have personal savings or assets to sell, self-funding keeps you in full control.<\/p><p>For an accounting firm, bank loans, SBA-backed loans, or support from friends and family are often the best routes. If your firm grows rapidly, attracting venture capital or angel investors could become an option down the line.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f9ae16 elementor-widget elementor-widget-text-editor\" data-id=\"1f9ae16\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Build a Strong Client Acquisition Strategy<\/h2>\n<p>Clients are the heart of your accountancy business; without them, even the best accountant will not survive. But finding and keeping clients means having a smart, repeatable strategy. Here is how you can start bringing in clients for your accountancy practice without delay.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7dbd9e9 elementor-widget elementor-widget-text-editor\" data-id=\"7dbd9e9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><p><strong>Start with the People Who Already Know You<\/strong><\/p><p>Before you spend a dime on ads, tap into your existing network. Former colleagues, friends, family and past clients already trust you so let them know you are open for business.<\/p><p>\u2705 <strong>Action Step<\/strong> &#8211; Send a friendly message on LinkedIn or WhatsApp. Keep it simple:<\/p><p><em>&#8220;Hey [Name], I recently started my own accounting practice, focusing on [your specialty]. If you or anyone you know needs help with [bookkeeping, tax planning, etc.], I\u2019d love to chat.&#8221;<\/em><\/p><p>\ud83d\udc49 <strong>Real-life example<\/strong> &#8211; If you worked in corporate finance before, reach out to ex-coworkers. Many have side businesses and need accounting help\u2014they just have not thought to ask yet.<\/p><\/li><li><p><strong>Build Referral Partnerships (A Win-Win Strategy)<\/strong><\/p><p>You are not the only professional businesses rely on. Lawyers, financial advisers and business consultants all work with clients who need accounting services. Team up with them.<\/p><p>\u2705 <strong>How to do it:<\/strong><\/p><p>Find a <a href=\"https:\/\/figsflow.com\/uk\/appointing-someone-to-deal-with-hmrc-guide\/\">business attorney<\/a> and propose a referral deal: whenever they help set up a new company, they send clients your way for bookkeeping and tax advice.<\/p><p>Offer to do the same\u2014when your clients need legal or financial help, you send them to your trusted partners.<\/p><p><strong>\ud83d\udca1 Pro tip <\/strong>&#8211; Even local real estate agents can be a great source of referrals; business owners buying property often need tax guidance.<\/p><\/li><li><p><strong>Make Your Website a Client-Generating Machine<\/strong><\/p><p>A website should bring in leads while you sleep. Here is how to make it work:<\/p><p><strong>\ud83d\udccc Must-have sections:<\/strong><\/p><p>\u2705 Clear, simple service descriptions (tax planning, payroll, bookkeeping)<\/p><p>\u2705 Client testimonials &amp; success stories (trust is everything!)<\/p><p>\u2705 A booking form so potential clients can schedule a free consultation<\/p><p>\ud83d\ude80 <strong>SEO Tip <\/strong>&#8211; Make sure your website includes phrases potential clients search for, like \u201caffordable accountant for small businesses\u201d or \u201cbest tax adviser in [Your City].\u201d<\/p><p>\ud83d\udc49 <strong>Example<\/strong> &#8211; If you specialise in e-commerce businesses, optimise your site with keywords like \u201caccounting for Shopify sellers\u201d or \u201cAmazon FBA tax accountant.\u201d<\/p><\/li><li><p><strong>Be Visible on LinkedIn (Your Next Client is Already There)<\/strong><\/p><p>Business owners scroll LinkedIn every day, looking for solutions. Be the accountant they find.<\/p><p><strong>\u2705 What to post?<\/strong><\/p><p>Quick, actionable tax-saving tips (&#8220;Did you know businesses can deduct home office expenses?&#8221;)<\/p><p>Common financial mistakes business owners make (and how to avoid them!)<\/p><p>Client success stories (with permission)<\/p><p>\ud83d\udca1 <strong>Engagement Hack<\/strong> \u2013 Don\u2019t just post and disappear, comment on discussions, answer questions and message potential clients directly. This builds real connections.<\/p><p>\ud83d\udc49 Instead of saying, \u201cNeed an accountant?\u201d<\/p><p><strong>Try this <\/strong>&#8211; \u201cMany businesses overpay taxes because they miss these three deductions. Here is how to avoid it&#8230;\u201d<\/p><\/li><li><p><strong>Give Away Value for Free<\/strong><\/p><p>People hesitate to hire accountants they don\u2019t know. Earn their trust by sharing useful content.<\/p><p><strong>\ud83d\udd25 Ways to do this:<\/strong><\/p><p>\u2705 Host a short webinar on tax deductions for small businesses<\/p><p>\u2705 Write a blog post about HMRC audit triggers (this gets shared a lot!)<\/p><p>\u2705 Create a simple guide like &#8220;How to Set Up QuickBooks for Your Business.&#8221;<\/p><p>\ud83d\udcca <strong>Example <\/strong>&#8211; If you want to attract freelancers, write a free guide on &#8220;Tax Deductions Every Freelancer Should Know.&#8221; Share it on LinkedIn and your website. When freelancers need tax help, guess who they will contact first?<\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-187b848 elementor-widget elementor-widget-text-editor\" data-id=\"187b848\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2>Deliver Exceptional Client Service<\/h2><p>Your reputation as an accountant depends on the quality of service you provide. That is why, your accountancy practice or firm needs to deliver exceptional customer care to stand out from your competitors. To do this, you can focus on the following:<\/p><ul><li><strong>Be Proactive <\/strong>&#8211; Don\u2019t just react to client requests. Anticipate their needs and offer solutions before they ask.<\/li><li><strong>Communicate Clearly <\/strong>&#8211; Avoid jargon and explain complex concepts in simple terms. Regular communication builds trust and keeps clients informed.<\/li><li><strong>Meet Deadlines <\/strong>&#8211; Timeliness is critical in accounting. Use <a href=\"https:\/\/figsflow.com\/uk\/features\/team-management\/\">project management tools<\/a> to stay on top of deadlines and deliverables.<\/li><li><strong>Go the Extra Mile &#8211; <\/strong>Small gestures like sending personalised thank-you notes or offering free consultations can leave a lasting impression.<\/li><\/ul><h2>Continuous Learning &amp; Adaptation<\/h2><p>The accounting industry is constantly evolving with new regulations, technologies and client expectations. To stay ahead, your accountancy practice must invest in professional development, and you yourself must attend industry conferences, enrol in courses and earn certifications to expand your knowledge and skills.<\/p><p><img decoding=\"async\" class=\"alignnone size-full wp-image-13957\" src=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/02\/figsflow-4.jpg\" alt=\"Continuous Learning &amp; Adaptation\" width=\"1000\" height=\"500\" srcset=\"https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/02\/figsflow-4.jpg 1000w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/02\/figsflow-4-300x150.jpg 300w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/02\/figsflow-4-768x384.jpg 768w, https:\/\/figsflow.com\/uk\/wp-content\/uploads\/2025\/02\/figsflow-4-650x325.jpg 650w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p><p>You should also stay updated on regulations: regularly review changes in tax laws, accounting standards and compliance requirements to remain compliant. Be open to adopting new technologies and processes that can boost productivity and service quality.<\/p><p>As your practice grows, you\u2019ll need to scale your operations to handle increased demand. Start by outsourcing tasks like bookkeeping or admin work. As your client base grows, consider hiring full-time staff or junior accountants.<\/p><p>And expand your offerings, if need be, to include advisory services, financial planning, or business consulting. This boosts revenue and deepens client relationships, too.<\/p><h2>Conclusion: Start Your Accountancy Practice the Right Way<\/h2><p>Starting an accountancy practice is a bold and ambitious step, and with the right preparation and mindset, it can be incredibly fulfilling.<\/p><p>Remember, success doesn\u2019t happen overnight. Stay persistent and proactive, and you will be well on your way to creating a practice that is underpinned by your expertise and values.<\/p><h2>Frequently Asked Questions<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-25ef47b elementor-widget elementor-widget-bdt-accordion\" data-id=\"25ef47b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"bdt-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"bdt-ep-accordion-container\">\n\t\t\t<div id=\"bdt-ep-accordion-25ef47b\" class=\"bdt-ep-accordion bdt-accordion\" data-bdt-accordion=\"{&quot;collapsible&quot;:true,&quot;multiple&quot;:false,&quot;transition&quot;:&quot;ease-in-out&quot;}\" \t\tdata-settings=\"{&quot;id&quot;:&quot;bdt-ep-accordion-25ef47b&quot;,&quot;activeHash&quot;:&quot;no&quot;,&quot;activeScrollspy&quot;:null,&quot;hashTopOffset&quot;:false,&quot;hashScrollspyTime&quot;:false,&quot;closeAllItemsOnMobile&quot;:false}\">\n\t\t\t\t\t\t\t\t\t<div class=\"bdt-ep-accordion-item\">\n\t\t\t\t\t\t<div\t\t\t\t\t\t\tclass=\"bdt-ep-accordion-title bdt-accordion-title bdt-flex bdt-flex-middle bdt-flex-between\" id=\"bdt-ep-accordion-how-profitable-is-an-accounting-practice\"\n\t\t\t\t\t\t\tdata-accordion-index=\"0\" data-title=\"how-profitable-is-an-accounting-practice\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon bdt-flex-align-right\"\n\t\t\t\t\t\t\t\t\taria-hidden=\"true\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-closed\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-opened\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<span role=\"heading\" class=\"bdt-ep-title-text bdt-flex-inline bdt-flex-middle\" >\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tHow Profitable Is an Accounting Practice?\t\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"bdt-ep-accordion-content bdt-accordion-content\">\n\t\t\t\t\t\t\t<p>Accounting firms rank among the most profitable small businesses. With hourly rates of up to \u00a3150 or more, even a solo practice can generate six-figure annual revenue especially with low overhead costs like a home office.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"bdt-ep-accordion-item\">\n\t\t\t\t\t\t<div\t\t\t\t\t\t\tclass=\"bdt-ep-accordion-title bdt-accordion-title bdt-flex bdt-flex-middle bdt-flex-between\" id=\"bdt-ep-accordion-is-running-an-accounting-firm-difficult\"\n\t\t\t\t\t\t\tdata-accordion-index=\"1\" data-title=\"is-running-an-accounting-firm-difficult\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon bdt-flex-align-right\"\n\t\t\t\t\t\t\t\t\taria-hidden=\"true\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-closed\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-opened\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<span role=\"heading\" class=\"bdt-ep-title-text bdt-flex-inline bdt-flex-middle\" >\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tIs Running an Accounting Firm Difficult?\t\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"bdt-ep-accordion-content bdt-accordion-content\">\n\t\t\t\t\t\t\t<p>It is not easy. You will need deep technical expertise, strong organisation, time management skills and the ability to handle clients and staff efficiently.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"bdt-ep-accordion-item\">\n\t\t\t\t\t\t<div\t\t\t\t\t\t\tclass=\"bdt-ep-accordion-title bdt-accordion-title bdt-flex bdt-flex-middle bdt-flex-between\" id=\"bdt-ep-accordion-how-to-start-a-remote-accounting-practice\"\n\t\t\t\t\t\t\tdata-accordion-index=\"2\" data-title=\"how-to-start-a-remote-accounting-practice\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon bdt-flex-align-right\"\n\t\t\t\t\t\t\t\t\taria-hidden=\"true\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-closed\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"bdt-ep-accordion-icon-opened\">\n\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"fa-fw e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<span role=\"heading\" class=\"bdt-ep-title-text bdt-flex-inline bdt-flex-middle\" >\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tHow to Start a Remote Accounting Practice?\t\t\t\t\t\t\t<\/span>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"bdt-ep-accordion-content bdt-accordion-content\">\n\t\t\t\t\t\t\t<p>Set up a virtual office with cloud-based accounting software, secure file-sharing tools and video conferencing platforms. A well-organised digital workflow is necessary for managing client accounts remotely.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Starting your own accountancy practice is an exciting and rewarding journey. It offers the freedom to build a business on your terms and serve clients. <\/p>\n","protected":false},"author":31,"featured_media":13951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_tocer_settings":[],"footnotes":""},"categories":[67,6],"tags":[18,11,7],"class_list":["post-13949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accountants","category-blog","tag-accounting","tag-compliance","tag-proposal-management"],"acf":[],"_links":{"self":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts\/13949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/comments?post=13949"}],"version-history":[{"count":1,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts\/13949\/revisions"}],"predecessor-version":[{"id":33720,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/posts\/13949\/revisions\/33720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/media\/13951"}],"wp:attachment":[{"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/media?parent=13949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/categories?post=13949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/figsflow.com\/uk\/wp-json\/wp\/v2\/tags?post=13949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}