Welsh accountancy firm Lewis Ballard is pleased to announce its merger with over 150 independent accountancy practices being labelled the ‘Firm of the Future’.
The proactive and forward-thinking Group named Xeinadin (or XGL for short), has a vision for its like-minded forward-thinking accountancy offices (geographically spread across the UK and Ireland jurisdictions) to embrace advancements of technology and the pooling of knowledge, resources and specialisms to best serve its clients.
Lewis Ballard will keep its name and continue to run its business successfully with its stakeholders. The fundamental difference will be more opportunity for its clients through the mass expertise of the wider group. Lewis Ballard has experienced strong profit growth over the years and the use of technology has advanced the company’s financials. Joining Xeinadin offers Lewis Ballard the opportunity to serve smaller local businesses whilst there’s also a possibility of the firm to compete for clients that would normally engage with the leading 6 accountancy brands.
Due to its ability to embrace developments in technology and to subsequently advance clients’ operations, Lewis Ballard won the ‘100% Xero Award’ at Xerocon London 2018. Xero is the fastest growing digital accounting software globally. Lewis Ballard received the reward with a crowd in excess of 3,500 people. This national award signifies that the firm is leading the way. It has fully embraced the software, integrating it into the core of its operation. The Group has a significant number of Xero admirers with the like-minded group embracing and endorsing digitalisation.
Making Tax Digital (MTD) has arrived now and switching to digital record-keeping is vital for business survival. Those that have already made this transition will be best placed to capitalise on opportunities.
The company has also recently acquired a non-digital accountancy firm with the aim to improve the systems of its clients and usher them into the future of digital submissions.
Managing Director Neil Ballard said:
“We are embracing technology and despite being national winners, we feel joining Xeinadin will help us in the next phase of our journey. Old school, paper-based accountancy firms are just going to disappear. This award shows that we’re a firm that is moving ahead with the rapid technological changes evident within the industry. Firms that drag their heels, that only make the change when forced to, will find that it’s already too late. We have helped provide our clients with the tools to not only survive but thrive in the face of digital change. The ‘Firm of the Future’ has finally arrived and we are delighted to be part of this exciting journey. This is a real community of like-minded accountants.”