Lincoln-based Terry Peachman’s team have been named one of ten runners-up awarded for their forward-thinking proactive service.

Terry, who has been operating as a TaxAssist Accountant since 2002 and looks after more than 550 clients from his two offices in Lincolnshire was thrilled to be recognised in this global contest.

“It is fantastic that our practice has been recognised on the global stage. Our entire business now revolves around QuickBooks, having decided two years ago to embrace new technology and adopt it as our primary choice of software. We have seen a complete transformation in our practice, which is why I decided to enter the contest.

“We have found that cloud technology has enabled us to offer enhanced business support and advice that delivers better value for money for our clients, as well as time savings and greater efficiencies in terms of staffing in the practice. Our client numbers are consistently increasing, and by getting clients using QuickBooks as early as possible, we will ensure we are ahead of the game for the staging dates of ‘Making Tax Digital’.

“Another bonus to using QuickBooks has been the increased appeal to millennials. Not only have we seen an increase in younger clients, but the practice has benefitted when it comes to staff recruitment, helping us to attract and retain a younger workforce.”

Group Commercial Director, Daren Moore, said: “Technology is integral to the future of accountancy and, because TaxAssist Accountants is a market leading network, we have embraced and championed a comprehensive software estate, of which QuickBooks forms a key part.

“Congratulations to Terry, who has been an early adopter and exponent of all the benefits cloud technology offers, and is now, along with his clients, reaping the benefits.”

Now in its fourth year, the Firm of the Future contest invited bookkeeping, full-service accounting and tax firms in Australia, Canada, the United Kingdom, the United States and, for the first time, India, to showcase how they see the value of the cloud, serve as a trusted advisor to their clients, and grow their practice with modern marketing techniques.

Ariege Misherghi, global leader of Intuit’s Accountant Segment, Small Business and Self-Employed Group, said: “Each firm’s submission clearly highlighted both how they embrace new technologies and ideas, and just as important, that they recognize that this is what will drive their firm and clients forward to greater success.”