Accountants have long been the financial scorekeepers for businesses and have benefitted significantly from the past decade of economic growth and prosperity.
But as we know, COVID-19 is having a major impact on the economy, directly changing the way accountants can support their business clients. What advice should you give to a business that only has one month's pay set aside for employees? Is being an advisor during uncertain times, advisable?
In part 1 of the Client Accounting & Advisory Services series, Roman Kepczyk, CPA.CITP, CGMA, discusses:
- Why is it important to implement CAAS now, during a global pandemic?
- Does "advisory work" make fiscal sense for every firm?
- What can you do to start your CAAS journey today?