Struggling to meet demands of Covid lockdown

Accountants are having challenging conversations with clients, far beyond the realms of numbers. Business owners are opening up to them about their fears for their future, their struggles with pandemic restrictions and even darker thoughts.

At the same time, accountants are dealing with the impacts of the pandemic. According to the accountants’ well-being charity CABA, accountants are busier than ever, covering the work of furloughed and isolating colleagues and providing constant advice and work around lockdown measures for their clients.

Periods of high employee turnover can add uncertainty and inconsistency to a business. Outsourcing provides a level of continuity to the company while reducing the risk that a substandard level of operation could bring, even over a short period of time.

For instance, one accountant is on extended medical leave and another is leaving for a new job. Outsourcing part of the accountancy function reduces risk and allows the company to keep operating while the accountant is on leave and is unavailable. It also gives you time to replace the other without rushing the decision because the office is understaffed.

When considering how outsourcing can help you grow, don’t limit yourself to looking at the cost of hiring outside contractors versus handling a task with your current staff.

The overhead costs of some operations are extremely high, but you might want to offer them to satisfy customers, expand your business model, or compete in the marketplace

Outsourcing can save substantial amounts when compared to using UK-based staff, up to 70 per cent of the cost of employing UK staff.

Together with easing the workload, outsourcing provides an opportunity for you to innovate, grow, and rise above the competition.

Contact our UK-based team of account managers today to find out how we can help your firm.

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