BOSS Accounting Outsourcing Shares How a UK Accounting Firm Sells for Over AUD 140 Million Profit

BOSS accounting outsourcing firm offers clients a way to do things differently. Accounting firms are notorious for doing things the traditional way, but at what cost to growth and for how long should firms continue along the traditional path when the world is moving forward in leaps and bounds. If accounting firms don’t keep up they may end up feeling like they’re treading mud rather than water. Simon Dolan, originally from SJD Accountancy, shows accounting firms how moving away from convention landed him a £100 million pound deal on the sale of his firm.

In a remarkable journey that culminated in the sale of SJD Accountancy for a £100 million pound deal, Simon Dolan, the firm’s founder, has emerged as a thought leader in the accounting sector. With annual earnings nearing £20 million and a client base exceeding 14,500, Dolan’s innovative approach to business garnered significant attention from private equity firms.

Dolan, who walked away with an impressive £81 million from the deal, emphasizes that his success was not achieved through traditional accounting methods. “We used cash flow to open other branches; all our growth was organic,” he stated. His unique perspective on the industry challenges the conventional partnership model, advocating for a business-oriented approach to accounting.

As the industry evolves, Dolan encourages firms to reconsider outdated practices. “Accountants need to move away from the ‘grow your business by hiring another partner’ model,” he asserts. By prioritizing organic growth and adopting fixed fee structures, firms can enhance profitability without increasing workload.

Dolan’s insights extend beyond business strategy; he critiques the English education system and the pressure on young individuals to pursue university degrees. He believes that success in business is not limited to traditional paths, stating, “There is no reason to believe accountants are better or worse than anyone else at business building.”

As the accounting landscape continues to change, Dolan’s message is clear: “Break free from some of the old ways and see what lies ahead for your business.” His journey serves as an inspiration for aspiring entrepreneurs and established firms alike.

About BOSS, BACK OFFICE SHARED SERVICES PTY LTD

BOSS (Back Office Shared Services Pty Ltd) was founded in 2004 to provide skilled accountants and bookkeepers on a full-time, part-time and casual basis to commercial enterprises, accounting and financial services firms in Australia.

BOSS India is a subsidiary of BOSS Australia and runs just like an ultra-modern paperless Australian public practice because the Director and Accountancy Practice Principal, Peter Vickers, has been operating his own successful Australian public practice for over twenty years.