Article: Vision 2020

    Publication: TAXATION (UK)

    Date: 9/1/2020

    Author: Mark Lee FCA

    Summary of Article:

    ICGTAX Global Thought Leader – UK Tax Practice Innovation, Mark Lee asks: Are tax advisers preparing for the future and standing out from the competition?  He foresees the revolution in technology, services and competition in the next decade stripping traditional tax practices of the current value of their tax compliance services and, with that, the ‘glue’ which binds their client base to them. Mark urges tax practices to start transforming now to survive and thrive through the next decade. What changes do you need to make? How stable will your client base be? Will your current skill base carry you through? Do you have niche expertise? Are business skills important and what should be your mindset?