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ACCOUNTANCY CUT BACKS

Hays, the recruitment firm, says almost 60% of accountancy firms plan to take on more staff this year, according to reports in the Sunday Tribune and the Sunday Times. A survey by the company found that only 7% of firms had cut jobs since December 2007 but 40% said they had implemented cost reductions and renegotiations of fees.

Accountancy firms may have weathered the downturn better than most but many companies were finding it particularly difficult to collect fees.

“It’s still been a tough time for accountancy practices, especially the smaller ones,” said Hays’ director Maureen Lynch.

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