18 Feb How a modern accountant can help you on the road to recovery
It goes without saying that the coronavirus pandemic has had a far-reaching economic impact, buckling businesses of all sizes across all sectors, and in the midst of this economic uncertainty, SMEs are most at risk. As we navigate the turbulence of 2021, it’s more important than ever to make sure that you have the right accountant to help you through the troubles ahead. With the immediate challenges of the pandemic, such as business loans, furlough and tax deferrals now dealt with, and uncertain times on the horizon, it is time to look inward and ensure that your business is future-proof, and this includes your accountant. For modern times, you need a modern accountancy firm. But what makes a modern accountant?
One of the key things that the pandemic has highlighted is the urgent need for digitalisation. Due to the government’s rigorous regulations in workplaces, enforcing working from home and social distancing, there has been a growing need for data to be stored and backed up in secure and centralised online environments that can be accessed anywhere, anytime. This has left many accountancy firms, which are still reliant on manual data entry and reporting and paper filing systems, struggling. Instead of being able to do their job as normal, they have found themselves scrambling to digitise and automate their businesses, meaning that their clients’ needs have largely gone unfulfilled. In these tough times, you need an accountancy firm that is up to date and digitised, so that you won’t be left waiting for your requirements to be met.
Harnessing the power of automation
As we have seen throughout the pandemic, automation is a saving grace for many businesses, helping them to cut down on the hours spent on menial tasks which, for businesses under pressure, can slow down their operations and limit their performance in the services that matter. Accountancy firms are no different. You need an accountancy firm that has the time to give you and your business the full consultancy and attention it deserves, which is why you should look for a firm that has made use of automation to develop a streamlined and modern business with the time to devote to you.
This past year has been tough. For modern accountancy that can help you on the road to recovery, contact SQK Accountancy today.