five ways accounting firms will need to change.
steven sacks, the author of the new fundamentals, analyzes the impact of covid on cpa firms and sees opportunities for those willing and able to step up.
five key take-aways:
- cpas, being the trusted advisor, will find opportunities in business recovery services.
- clients want to know: “how are you going to help me to get back on my feet?”
- in delivering key performance indexes, building digital dashboards for clients, making projections, and doing more complex data analytics, the cpa is going to have to be in closer contact with the clients.
- the whole mindset is going to shift away from mere compliance aspect.
- value-added services are no longer going to be a luxury that only certain firms will afford. it’s going to be something that is needed on-demand.