Are you currently using the On-Premise version of TPS Software and curious about TPS Cloud Axis– the online version of our accounting practice management solution? Many TPS clients have made the transition to Cloud Axis and it’s been serving them well. Here are frequently asked questions about transitioning to Cloud Axis and the steps you can take to make the switch.
You might think a global pandemic and economic downturn as not the best time to grow an accounting practice. Many companies are struggling to stay afloat and cutting expenses left and right. One expense that is difficult to cut– or even worth bringing on– is the guidance and support of a good accountant.
Could COVID-19 inspire more freelance accounting? Accounting has not been unaffected by the COVID-19 public health and economic crisis. At least 17,500 tax and accounting jobs have been lost, according to a report by CPA Trendlines. Many who kept their job suffered pay cuts, with one firm reporting 5% to 14% pay cuts for employees making less than $100,000 annually. Accountants who lost their jobs or suffered pay cuts may find freelance accounting a viable option.
How has your accounting firm held up through the pandemic? In a survey conducted by Accounting Today’s parent company, Arizent, 62% of leaders said their firm’s productivity declined with more staff working from home. Nevertheless, 82% of firms were “very” or “somewhat” likely to continue allowing employees to work remotely after the pandemic.
With the unique challenges that working from home– particularly amidst a pandemic– provides, even the most seasoned managers are struggling to keep tabs on their team and maintain productivity.
The rise of the gig economy– inspired by digitally savvy millennials and independent workers looking for flexible hours– has been paving the way for a freelance boom over the past decade. But no one could have predicted that the Coronavirus pandemic would usher us all into a work-from-home world, primed and ready for freelancers of all kinds.
Choosing the right practice management software for your accounting firm is more important than you may think. Not only will the platform you select integrate all the main functions of your business, it can also boost productivity amongst your team and even provide a competitive edge against your competitors.
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