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Transformng Accounting From Compliance to Strategic Business Advisory

Transformng Accounting From Compliance to Strategic Business Advisory

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In this episode of ESS BIZTOOLS Podcast, host Peter Towers dives into the evolving role of accountants in the business world, joined by distinguished guests Sam Salcman of Edwards Pearl and Andrew Geddes, co-founder of the Financial Management Research Centre (FMRC). The trio reflects on the transformation of the accounting profession, highlighting the importance of business advisory services and the integration of modern tools like ESS BIZTOOLS. They discuss how accountants can shift from compliance-focused tasks to becoming strategic partners for their clients, leveraging technology and financial insights to foster business growth.

The conversation also delves into the challenges and opportunities within the industry, including the adoption of virtual CFO models, addressing declining numbers in the profession, and fostering deeper client relationships. With anecdotes from decades of experience and a focus on the future of small businesses, this episode offers valuable insights for accountants, business advisors, and entrepreneurs navigating today's dynamic economic landscape.

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