Accounting is an adaptable field. The work your accounting firm does today is a far cry from the services your grandfather’s accountant offered.
As technology evolves and clients adjust their demands to keep up with new ways of doing business, your services need to change as well. Every year, we see new technology and trends that shape the delivery of accounting services and influence the customer experience. This year’s global pandemic and the radical shift to remote work are prime examples of having to deal with the unexpected.
If you want to remain relevant as an accounting firm, you need to stay abreast of the latest developments in the profession. On September 3, 2020, we’re presenting a webinar on the latest technology and trends that are reshaping the face of accounting today. In it, we’ll lay out the five steps you need to take to remain relevant as an accounting professional.
Key Steps for Today’s Accounting Firms
Back in 2019, I predicted that there will be a HUGE opportunity for accountants to work with freelancers. It’s expected that nearly half of working millennials will be working as freelancers/independent contractors and will be earning a very decent income doing so. They will need support from accountants for tax purposes and cash flow management throughout the year. In order to attract clients within this segment, accountants will need to use updated technology, identify a clear niche and proactively market their services.
Since the pandemic, things have shifted and not only have millennials taken heed to the current situation but as remote workplaces have prevailed, PPP loans supplied, supply and demand look different.
It is important to stay on top of the current environment and take the right steps to ensure success. It is important to know how technology and trends have shifted, which are relevant, which can be put on the back-burner.
Looking Ahead
The accounting profession will continue to change as the uncertainty of the current pandemic plays out and technology continues to evolve. Incorporating today’s top trends and technology into your practice will position your firm for success tomorrow, no matter what the future may bring. Join us at the webinar to learn more about the key steps to remaining relevant as an accounting firm in the months and years to come.
Click here to register for the Insightful Accountant webinar, "Future of Accounting: 5 Steps To Remain Relevant As An Accounting Firm" on September 3, 2020 at 2:00 p.m. Eastern Time, presented by Danetha Doe.
About the Author: Danetha Doe is a Money, Sex, and Power educator and the creator of Money & Mimosas.Money & Mimosas is a financial well-being resource enjoyed by readers in over fifty countries. Danetha was named a personal finance expert by TIME, Fast Company and the Wall Street Journal. Danetha can be reached at danetha@danethadoe.com.