SUCCESSION PLANNING WORKSHOP - IN PARTNERSHIP WITH THE ICAEW

We are looking forward to running our next Succession Planning workshop, in partnership with the ICAEW, on Tuesday 21st November at the Chartered Accountants' Hall.

Succession planning is a vital process and instrumental in the evolution and success of a practice.  Succession planning can guarantee the future of a practice. 
This workshop is relevant to anyone planning to retire in the next 5-8 years, sell or merge their practice, pass it on to a family member or who just needs some impetus and an action plan.
We shall be covering – planning, your options, case studies, practice analysis, preparation for succession, valuation, trends and finally an action plan.

To register or learn more please follow the link below...

ICAEW Succession planning...

 

FOULGER UNDERWOOD ATTENDING THE ICAEWs 'PRACTICE 2017' !

We are really looking forward to attending the ICAEWs 'Practice 2017' this Thursday 21st November, in London. Looks like a fantastic couple of days with a varied schedule and some exciting presenters.  

We have been invited to offer 1:1s on Succession Planning throughout the day - and        Keith Underwood looks forward to meeting many of you there. If interested, please book your slot in advance with the ICAEW or come along to our specialist room to book a last minute session on the day - or just to say hello.

Please do click on the text below to explore the conference further or to book your slot via the 'one-to-one sessions' tab ...

icaew.com/practice2017

PRACTICAL CONSIDERATIONS FOR SINGAPORE ACCOUNTING FIRMS

Small and medium-sized practices (SMPs) today face many issues that challenge their business and bottom line. Besides facing the challenges arising from disruptive technologies, enforcement of regulations and rising business costs, they find themselves being squeezed out of their traditional market of serving clients in small and medium-sized enterprises (SMEs) by large international audit firms.

“Very little time is spent by practitioners assessing their existing business and plotting a course for where they want the practice to be in two, five and 10 years’ time,” says Tim Underwood, Managing Director of Foulger Underwood Asia. “Without a plan, and without applying the time and resource to implement the plan, practices will continue to drift, become less competitive and ultimately have reduced realisable value when the shareholders/members look to exit. It takes a long time to grow organically, therefore, most strategic plans should incorporate organic growth, supplemented with M&A, to try and achieve strategic objectives in a shorter period of time.” 

READ MORE...

As published in the ISCA Journal, November 2017 edition 

 

GRASP THE NETTLE

Accountancy firms that are slow in grabbing the opportunities that Making Tax Digital offers, will suffer, says Phil Shohet of Foulger Underwoodkato. Can you remember the last time the accountancy profession faced such a seismic change, and the same level of opportunity – and threat – that this momentous upheaval brings? 

Read More ->

As published in the ACCA's Accounting and Business Magazine July/August edition.

SINGAPORE - TMF Group acquires Virtual HR

We are pleased to announce that our client Virtual HR (“VHR”), a leading provider of payroll services in Singapore has been acquired by the TMF Group - Singapore, a leading provider of high value business services to clients operating and investing globally. The deal was completed on the 31 May 2016. We wish them both much success in the future.

For the full press release ->

THE NEW BREED OF BUYERS

The market for acquiring accountancy practices is being re-energised by more varied suitors, such as outsourcers, private equity and IT firms, says Keith Underwood.


There have been stirrings in the accountancy acquisition market over the past 18 months. The consolidators have long gone, but the market is attracting attention from a couple of groups of new, specialist buyers. 

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As published in the ACCAs Accounting and Business Magazine, May edition.

GRACEFUL EXIT

Deferred baby boomers in sole practice and small firms are those who are most vulnerable to the perils of planning for retirement, as Keith Underwood explains.


Your retirement is likely to be the most important decision you make in your career. The considerations you need to take into account are wide-ranging and include personal finance, job satisfaction, whether suitable succession for the firm is in place, and the hobbies and other active interests you have to occupy you in your retirement. 

As published in the ACCAs Accounting and Business Magazine.

Read More ->

 

 

FOULGER UNDERWOOD IS DELIGHTED TO ANNOUNCE THE SALE OF EAGLE CONSULTING TO THE EQUIOM GROUP

The Foulger Underwood team, led by Tim Underwood, advised Harry Hornby of Eagle Consulting on the sale of his business to The Equiom Group. Eagle Consulting is an Inverness based professional services outsourcing firm with an international client base.

Tim Underwood added ' I believe this is an excellent deal for both Eagle and Equiom and look forward to watching the Eagle business further flourish under its new ownership. We wish them much success in the future.'

Read More ->

FOULGER UNDERWOOD attends the ICAEWs 'Practice 2016' !

We are very much looking forward to meeting many of you at the ICAEWs 'Practice 2016' conference this Friday in London. Fantastic couple of days planned and exciting schedule to be delivered. We are offering 1:1s throughout the day on Succession Planning and the strategic challenges that 2017 may bring . Please book your slot in advance with the ICAEW or come along to our specialist room to book a last minute slot on the day or just say hello.

Please do click on the line below to explore the conference further...

How do practitioners build the practice of tomorrow?

FOULGER UNDERWOOD KEY SPEAKERS
AT ASIA SPECIFIC REGIONAL MEETING
13 MARCH 2016, SINGAPORE

Tim Underwood, Managing Director of Singapore and Keith Underwood, Managing Director, of Foulger Underwood have been invited to speak at the next MSI Global Alliance Asia Pacific Meeting at the Fairmont Hotel, Singapore. Their interactive discussion entitled“Practice Management Challenges – An Asian Perspective” will take place as part of the three-day MSI conference.