As we continue to navigate through the COVID-19 pandemic, every new week feels like uncharted territory. Short term contingency plans aren’t enough to get by, and now that we’re a little over a month into the shelter-in-place order, we were curious to see how accounting firms are adapting.
What we found is that accounting firms are remaining optimistic and relying on the resilience of the U.S. economy. Small accounting firms are less likely to reduce their staff, and the business owners seem to be willing to take on a lion’s share of the risk, likely because it’s not just business to them - it’s personal.
View the results of our survey and learn how accounting firms of various sizes are responding to the CARES Act, conducting their business, planning for recovery, and more in the infographic linked below.
If you’re interested in learning about how your firm could work more efficiently, please join our webinar hosted by Insightful Accountant on May 19. BigTime and our client Berndt CPA will cover how to overcome the 5 most common accounting workflow challenges.
Register to join us here. You can view the infographic from BigTime here.