Do you treat change with despair or does it trigger the itch to connect the change with opportunity?
My online dictionary defines “change” as:
Make or become different, take or use another instead, move from one to another, an act or process through which something becomes different.
And defines “opportunity” as:
A time or set of circumstances that makes it possible to do something.
The UK seems to be split on the Brexit change, the “for” brigade equate Brexit with new opportunity; the “against” brigade see only disaster, but this conundrum may cloak a more universal truth that we could all adopt?
Accountants have to deal with an almost constant change to the UK tax code. Could these changes offer practitioners opportunities? For example:
- Could Making Tax Digital open up the possibility of digitising clients’ record keeping that might otherwise stay in the dark ages of plastic bags and paper. This should offer opportunities to provide these clients with accessible data to help them grow their businesses?
- Could the advent of GDPR – we assume your practice is compliant (?) – mean that you could use your newly acquired skills to help your new and existing business clients become compliant?
And there must be numerous occasions when a change in tax legislation opens up new tax saving opportunities for clients?
Perhaps the next time you spot a change that affects the advice you provide clients, you could pause for a second and contemplate the opportunity this might offer to improve client service.