Accountancy firms are broadening their services beyond traditional tax work. This shift is driven by automation and AI taking over routine compliance tasks. As a result, many firms are now offering advisory, lending, financial planning, and coaching services.

A multi-service model is emerging in the profession, with some firms serving as examples of this change. One such example is 123 Financial Group, which is based in Newcastle.

Further details about this trend and its implications are available, providing insight into the evolving role of accountancy firms.