Press Release: The accountant's lot is a happy one

A recent survey of accountants in practice by Maximiti has found that over 80% of respondents who are thinking of selling up are not doing so because they are fed up of the profession

The survey results along with anecdotal evidence points to a profession who practitioners enjoy what they do and tend to sell up because of retirement as opposed to burn out.

Although generally a happy lot, the decision to retire is often precipitated by impending changes in the profession, either as a result of the march of technology that commoditises "bread and butter" fee processes or creeping regulation such as Auto Enrolment and quarterly reporting by HMRC.

"For somebody in their late fiftes who has been slogging away in the profession for over 30 years, one change too much is often the straw that breaks the camel's back , especially if they can get their hands on their pension already" , says Norman Younger , Director at Maximiti.

"I don't know how it compares to other professions" notes Younger, "but it seems that if you have a head for figures , it doesn't matter what the headwinds are - you'll be happy crunching numbers come what may until retirement appears on the horizon"

Younger points out that such high satisfaction rates only exacerbates the shortage of practices available on the market for young aspiring accountants eager to buy into a good quality established fir

A recent survey of accountants in practice by Maximiti has found that over 80% of respondents who are thinking of selling up are not doing so because they are fed up of the profession

The survey results along with anecdotal evidence points to a profession who practitioners enjoy what they do and tend to sell up because of retirement as opposed to burn out.

Although generally a happy lot, the decision to retire is often precipitated by impending changes in the profession, either as a result of the march of technology that commoditises "bread and butter" fee processes or creeping regulation such as Auto Enrolment and quarterly reporting by HMRC.

"For somebody in their late fiftes who has been slogging away in the profession for over 30 years, one change too much is often the straw that breaks the camel's back , especially if they can get their hands on their pension already" , says Norman Younger , Director at Maximiti.

"I don't know how it compares to other professions" notes Younger, "but it seems that if you have a head for figures , it doesn't matter what the headwinds are - you'll be happy crunching numbers come what may until retirement appears on the horizon"

Younger points out that such high satisfaction rates only exacerbates the shortage of practices available on the market for young aspiring accountants eager to buy into a good quality established firm and hit the ground running instead of building up from scratch over a number of years.

m and hit the ground running instead of building up from scratch over a number of years.

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