Date posted: 12/03/2024

Is running an accounting practice right for you?

Deciding whether or not to run an accounting business is a big decision. New resources are now available to help you make an informed choice.

Running an accounting practice comes with many potential risks and rewards. To help members decide if it’s the right move for them, CA ANZ and ACCA have developed new resources that highlight the pros and cons.

Informed by the experiences of seasoned accounting practitioners, the resources include a written guide plus a set of handy checklists. Both resources cover practical considerations such as work-life balance, business structures, clients and marketing, people and skills, financial administration, compliance, and technology.

The guide and checklists offer food for thought for members – whether you’re thinking of setting up your own practice from scratch, or stepping into an existing partnership, or buying a parcel of fees. These resources are clear and simple to use, highlighting the issues to be aware of, the questions to ask yourself, and pointing you in the direction of further detail if you’d like to know more.