Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

PwC urges accountants to upskill

PwC has urged accountants to upskill themselves in technology, saying they have an important role to play in integrating technological solutions into the operations of their clients.

News Mitchell Turner 18 August 2015
— 1 minute read

Speaking to AccountantsDaily, PwC partner Jeremy Thorpe stressed the role modern accountants play in ensuring clients are utilising appropriate technology.

Advertisement
Advertisement

Mr Thorpe said that targeted business support, particularly via professional advisers such as accountants, can be the most effective way to communicate digital technology awareness.

His comments come after PwC, in partnership with Google, released a report titled Small Business: Digital Growth, which claims Australian small businesses could unlock an additional $49.2 billion in output over the next 10 years by better utilising already available technologies.

The report shows that missed opportunities for growth are increasingly prevalent amongst small business, he said.

“I’m thinking of every small accountant through to the large ones. The accountants themselves need to be able to converse between the options and skills to make the most of the opportunities for their clients,” he said.

“Accountants themselves are a very important stakeholder in this for other small businesses because people trust their accountant,” added Mr Thorpe. “If accountants themselves can tell their client to invest in online accounting software, for example, they are more likely to take that advice and do that.”

Mr Thorpe also noted the danger of employing only one expert in these fields, or training just one employee to be the source of technological knowledge.

“'Oh, that’s Frank’s job' – Frank sits in the corner and doesn’t integrate into the business. You actually need to understand and embrace the technology”, he said.

Richard Flanagan, head of small business marketing at Google Australia, stated that “Small business is too big a part of our economy not to be cranking. This report hopes to empower small business to make the right decisions to help themselves and the wider economy grow.”

PwC urges accountants to upskill
image intro
accountantsdaily logo

 

Are you thinking of expanding your offering into SMSFs to grow your client base? Become a pro at SMSF fundamentals and make your clients bulletproof with the SMSF Foundations course. Learn directly from Aaron Dunn from Smarter SMSF as he deep-dives into the fundamentals you need to know to successfully undertake your work as an SMSF practitioner. Earn up to 21 CPD hours! Learn more

News