2020 has been a period of uncertainty and change, but also opportunity for accounting firms. How they’ve fared during these last months has depended in large part on how they’ve been able to be agile and resilient in the face of challenges.
Implementing the lease accounting standards will likely be the biggest project controllers and financial accounting teams will be forced to tackle in 2021.
While Client Accounting Services can stand on their own, the insights they offer into clients’ businesses make them a potential springboard to a wide-ranging constellation of high-value advisory services.
In a world that is now truly virtual, it is more important than ever to answer two things. First, how can my tax department be fully in the cloud? Second, how can my firm improve its profitability? Put simply, the answer to both is a cloud-based solution that moves you closer to a 'no touch tax return'. Understand the answer to both of those and your business tax prep WILL accelerate!
The Paycheck Protection Program has offered an important lifeline to small businesses – but it came with a host of complications that have many looking to their accountants and advisors for help, particularly as they move to the stage of applying for forgiveness for their loans.
