Accounting Insiders 🔍 The Future of Tax Accounting: Will Hill on Productivity & Firm Growth
17 snips
Mar 11, 2025 In this discussion, Will Hill, a seasoned consultant with over 24 years in tax accounting, shares his insights on the future of accounting firms. He emphasizes how cloud accounting tools like Xero can revolutionize productivity. Hill discusses the importance of adapting to industry changes and the need for results-oriented strategies post-COVID. He also explores workflow integration with project management tools, highlighting the necessity of customizing them for unique firm needs and fostering a culture of change to drive firm growth.
AI Snips
Chapters
Transcript
Episode notes
Focus on Productivity, Not Hours
- Focus on deliverables and client jobs completed, not just hours worked.
- Clients care about timely and accurate work, not time spent.
Shifting Project Management Trends
- The trend of all-in-one project management software is shifting.
- Firms now favor specialized tools with detailed task management for specific services.
Managing Change Effectively
- Change has two sides: the pain being left behind and the purpose being chased.
- Transparency is key for successful change, as it fosters staff buy-in and discretionary effort.