book demo

change region

login

5 big challenges facing UK accountants in the next 12 months

UK Accounting Trends 2025
2min Read

Silverfin’s Senior Product Manager, Phil Hobden wrote an exclusive piece for Elite Business exploring the biggest challenges that the accounting sector is set to face in the next year. Phil examines how a combination of technological advancements, evolving regulations and economic uncertainties are creating a complex accounting landscape that need to be overcome in order to succeed.

In his article, Phil lists the key challenges facing accountants, which include:

1. Integrating Automation and AI: The adoption of AI and automation is transforming accounting, enhancing accuracy and efficiency. However, it requires significant investment in technology and staff training.

2. Navigating regulatory changes: Accountants must stay updated with new regulations post-Brexit, including ESG reporting and anti-money laundering compliance, which add complexity and cost concerns.

3. Mitigating cybersecurity threats: With increasing digital use, robust cybersecurity measures are essential to protect sensitive financial data and firm reputations.

4. Talent acquisition and retention: Attracting and retaining skilled accountants is challenging due to a skills shortage and changing career expectations. Firms must invest in continuous learning and create attractive work environments to retain top staff.

5. Navigating economic uncertainty: Accountants need to provide strategic advice amid economic fluctuations, requiring agility and up-to-date knowledge to help clients manage risks and seize new opportunities.

Addressing these challenges can help accountants enhance their value as strategic advisors in a demanding financial landscape.

You can read the full article here.

Download Whitepaper now: Beyond the hype: the real benefits of AI for your accountancy

To find out more about Silverfin and its AI capabilities including Silverfin Assistant, why not book a introductory call today?

More Posts

AI in accountancy – making sense of implementation

Discover how AI is transforming accounting, with tips on tools, data structure, and enhancing client communication for firms. Watch the full webinar for actionable insights.
Read More

All Accounted For: A Silverfin research report

Unpack the results of our latest growth, gaps and game-changers survey. See what this snapshot revealed on the sector’s strategic goals; accountants’ dailyroles, job satisfaction ...
Read More

Everything you need to know about cloud-based accounting software for UK firms

Learn how to boost efficiency with cloud-based accounting software for UK firms. Automate tasks, improve accuracy, and streamline compliance processes.
Read More
Businessman using tablet to transfer data on cloud computing, seamless data transfer and strong internet security, server based communication on social networks, servers and storage.

Choosing the best cloud‑based accounting software

UK accounting firms increasingly rely on cloud solutions to stay compliant, efficient and agile. Selecting the right software means balancing regulatory needs, such as Making ...
Read More
Accountants discuss client's Corporation tax

Cloud-based solutions for tax compliance

With the UK accounting companies facing various challenges, including evolving regulatory demands, complex client portfolios, and growing expectations for efficiency, it’s not surprising that the ...
Read More
Accountancy growth

The 5 stages of growth for accounting firms

For today’s accountants, growth means adding more value to their offering, not growing team headcount. Firms are under pressure to scale sustainably, deliver advisory value, ...
Read More

The advantages of using technology in accounting: why the cloud is crucial to your growth

Accounting firms face many challenges, from handling vast amounts of data to ensuring compliance with evolving regulations.  These daily pressures can make it hard to ...
Read More

Make Your Working Papers Work: Comparing Top Tools

Bid farewell to the drudgery of manual data and spreadsheet management and say hello to intelligent digital templates. Learn more today.
Read More

The hidden cost of disconnected workflows – and how to win it back

Accounting firms globally are feeling the same pressure: not enough time, not enough people and too much disconnect slowing everything down. According to recent research ...
Read More
Accountants in meeting discussing AI

What are the smart steps to moving your AI ambitions forward? 7 steps to understanding and managing AI in your accountancy firm

Embarking on technical transformation doesn’t happen overnight. It takes commitment, strategic planning and a clear path. Discover how to move forward with your accountancy firm ...
Read More
Businessman using tablet to transfer data on cloud computing, seamless data transfer and strong internet security, server based communication on social networks, servers and storage.

Choosing the best cloud‑based accounting software

UK accounting firms increasingly rely on cloud solutions to stay compliant, efficient and agile. Selecting the right software means balancing regulatory needs, such as Making ...
Read More
MYOB Partnership

Silverfin announces partnership with MYOB to deliver cloud-first solution to accounting firms in new markets

Silverfin has announced a partnership with MYOB to deliver its cloud-first solution to ANZ accounting firms. Find out more here.
Read More

Let’s Chat

Scroll to Top
This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.