Thomson Reuters Digita conferences guide accountants towards success through technology

18 May 2015

Thomson Reuters, the world’s leading provider of intelligent information for businesses and professionals, played host to around 300 accountants and shared with them the positive advantages of investing in new technologies, during the company's Digita conference series, SYNERGY 2015.

The series of events was held to help accountants gain the maximum benefits from Digita tax and accounting software, understand the latest issues facing the accountancy industry and discover strategies for practice growth.

The three conferences, held in Thomson Reuters flagship Canada Square building in Canary Wharf, as well as venues in Chepstow and Harrogate, introduced keynote speakers, including Darren Root, CEO of RootWorks, Neil Massa, director of Space 2 and top business coach, Rudi Jansen of Accoa.

SYNERGY 2015 coincided with the launch of Digita's new Tax Guidance Pack – an online research and guidance tool which provides instant answers to compliance questions. The tool includes core tax annuals and current awareness topics and is integrated with key help topics linked to Digita tax software so relevant results can be found easily and quickly. Digita's new Client Portal was also revealed which allows practices and clients to share files in real time and enables the electronic signing of tax returns.

Andrew Flanagan, managing director at Digita, part of the Tax & Accounting business of Thomson Reuters, said:

"These conferences are a great way for us to talk to our customers about the challenges they are facing and guide them in the best ways to harness technology to gain a competitive edge.

"According to the Office of National Statistics, 1800 accountants went out of business in 2014 for reasons such as compliance work yielding less margin, a decline in audit work, and attitudes and regulations in regard to tax planning. Investing in a technology strategy to tackle these challenges, improve efficiency, save money and allow employees to work flexibly will help accountants differentiate themselves from their competitors and attract more suitable clients."

During his presentation 'Developing an Entrepreneurial Thinking Model' Darren Root, talked about how practitioners can develop their mindset to build a business that will support the lives they want to live. His speech led delegates through a refined model for focused, intentional development, including creating a vision and business model, enhancing leadership, and building a strong brand to attract ideal clients.

Portsmouth Chartered Accountant, Bharat Hathi, said:

"I really enjoyed the event. I've been going for a few years now. The speakers are always great and the afternoon one-to-one surgeries gave excellent insight and advice. I attended three this time and found the Personal Tax Software session particularly useful. I was shown how to easily pull off a list of clients that hadn't filed their tax returns. This will really save me time and will make my workflow much easier in future."

Andrew added:

"An increasing number of our customers are now using cloud-based technologies and this is set to increase. I believe the recent announcement by the Chancellor to replace annual tax returns with real-time online accounts will also accelerate demand for the cloud, and it was great to get immediate feedback from our clients on what they want from the cloud and other technology to help them build stronger and more profitable practices."

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