Outsourcing may help to boost productivity

A third (34%) of UK accountants do not trust that outsourcing is done correctly or to a high enough standard according to research from IRIS Software Group.

The survey of 200 senior accountants and their opinions on outsourcing found 42% of accountants associate outsourcing with negative connotations. Indeed 68% said they have not considered outsourcing in the past six to 12 months - despite a rising demand for advisory-led services since the start of the pandemic.

However the research further revealed that accountants would use the extra time freed up by outsourcing to dedicate more time to work-life balance (45%) complete higher fee-earning work (33%) build client relationships (27%) and one in five (20%) would use it to focus on business advisory.

Before Covid-19 24% of accountancy firms surveyed were planning on hiring extra staff to help ease workload. Although no one...