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Accountants and their significant role to businesses during uncertain times

19th Jan 2022
Brought to you by
btcsoftware

BTCSoftware develops feature-rich and cost-effective products.

Share this content

Accounting hero

During the last two years, companies have experienced challenging times. Accountants have played a significant role in supporting businesses. We look at what accountants have done to make a difference.

Sense of direction

Since the pandemic, the government has provided many businesses with options to help them survive. Throughout this period, accountants have guided their clients towards smarter choices such as furlough schemes, deferring income tax and VAT, business rates relief, and government business loans.

Keeping up with knowledge

With constant changes and new government help schemes available, accountants had to keep up with continuous developments to advise their clients adequately.

Informed strategies

Accountants have presented businesses with the best strategies to help them financially when government support was no longer available. This included analysing each need and recommending the best solution. For example, some companies have had to resort to redundancies, changing working environments and business loans to rescue their business. Still, without accountant advice, they may not have sought that option.

Mental support

As many businesses were going through an extremely tough time, accountants had to understand the emotional impact on their clients. They had to adopt an understanding of their client’s situation and provide financial expertise. The support is what many businesses needed in order to see a way forward for their business.

At BTCSoftware we believe accountants have been a hero to struggling businesses during the pandemic and we want to raise a glass to say well done.

To find how BTCSoftware, can help your practice in 2022, contact us on 0345 241 5030 or email [email protected].

 

 

 

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