5 Reasons Why Choosing A Digital CPA Is Important In Tax Season 2020
CPAs and accounting professionals are an integral part of every firm to manage finance and accounting processes. Nowadays, CPAs are adopting the latest changes to provide top-notch services to their clients. And, a "Digital Accountant" is an accounting professional who uses advanced technologies like cloud computing to provide customized solutions to their clients' financial and accounting requirements. But why choosing a digital CPA is important? Let's check out.
1) Availability Consider a situation where you need the immediate assistance of your CPA, but he is not available or is on leave due to any reason. In such cases, a digital CPA comes to your rescue as they use cloud technology for their processes. Cloud technology allows CPAs to access accounting applications and tax data from any device at any point of time. Thus, a digital CPA can be contacted anytime, and they will be available to provide their guidance for the problem.
2) Networking Growth is necessary for every business. No business would want to remain at the same position for years. One of the most important factor that plays a role in the growth of a firm is- networking. Since a digital CPA uses cloud technology, they make multi-user collaborations possible. Cloud technology lets CPAs provide a common platform to everyone involved in the accounting processes and work together on the same file simultaneously.
3) Real-time Metrics With the help of cloud technology, CPAs can check issues at any time and resolve them while enhancing the customer experience. They can keep clients updated on every progress as they have real-time access to view and manage cash-flow, tax returns, etc. A digital CPA can also control who can have access to the accounting data. They can decide who will have the authority to make changes and who can only view the files and information.
4) Business Advisory With the adoption of cloud technology, CPAs are no more limited to accounting. They have expanded their horizon to business advisory as well. A digital CPA can help you create strategic plans for your firms' growth and productivity. They can assist you in how and when to layout marketing plans for an increased number of clients. With the power of latest technologies like cloud computing and AI, they can run an in-depth analysis of your firms' accounting processes to detect potential threats.
5) Firms' Empowerment One of the best advantages of choosing a digital CPA is that they will keep your small business updated with all the latest technological advancements happening in the accounting industry. Latest technologies provide advantages like enhanced security of all the tax data, integration of various applications for enhanced performances, automation of most manual entry tasks, etc.
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REFERENCES [Infographic] Digital CPA: What You Need To Know - Ace Cloud Hosting [Infographic] How To Become A Digital CPA if Not ‘Born Digital’ - Ace Cloud Hosting
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