Harper May | Knowledge Hub | UK Accounting Recruitment Agency

Hiring a CFO is crucial for any organisation’s success. Start by defining your needs, crafting a compelling job description, and using a mix of search methods. Evaluate candidates for technical skills and cultural fit, conduct background checks, and onboard effectively.

Despite 25 years of self-assessment, accountants still face the annual rush, with many scrambling to meet the January tax deadline. Some firms, however, are setting earlier deadlines, leveraging technology, and maintaining manageable client loads to ease the burden, although upcoming digital tax changes may continue this cycle of recurring stress.

Outsourcing addresses the talent shortage by providing firms with skilled professionals but raises concerns about quality control, data security, and AML compliance. It has evolved from a temporary solution to a strategic business approach, although ethical and regulatory challenges persist.

Chancellor Rachel Reeves raised Employers' National Insurance, increased the National Living Wage, expanded the employment allowance, and reduced alcohol duties. Capital Gains Tax and Corporation Tax adjustments were also announced, aiming to boost long-term growth and economic stability.

Retired accountants highlight work-life balance, client relationships, and continual professional development as essential for career success. They advise younger accountants to prioritise client understanding, communication, and learning. Many wish they’d focused on work-life balance earlier in their careers.

The rise of fragmented cloud apps in accounting has led to inefficiencies and rising costs. "Compound startups" are emerging, offering integrated, all-in-one platforms to streamline processes. This trend could challenge established vendors and transform the accounting software landscape.