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The New Normal: 5 Components of a Successful Virtual CPA Practice


As the world emerges from quarantining, a new normal takes over. The pandemic necessitated working at home to keep businesses profitable during the days of social distancing. Discover the five essential components of a successful virtual CPA practice, which is sure to be the present and near future wave.

Think About the Work Performed

The first step toward building a thriving virtual CPA practice is to consider the work being performed. Services such as tax preparation might be more comfortable to perform virtually than daily bookkeeping work. Either way, technologies exist to help accountants make a seamless transition to the virtual work world. Take the Best CPA Exam Course 2020, pass the exam, and get ready to embark on a virtual career rather than heading to the office. In the face of a pandemic, accountants who work virtually remain busy throughout the new normal ahead.

Get to Know the Clients

Some clients will be more willing to work virtually than others. Long-term clients and the older generations may prefer a brick-and-mortar building over a virtual office. Accountants must weigh their options carefully to maintain a strong client base. Trade-off clients who prefer virtual services for those that expect to go to an office. If you have several clients who prefer to meet in person, consider office sharing to have both worlds’ best without breaking the bank.

Harness the Power of Technology

Working remotely means harnessing the power of technology to ensure the team can work anytime and anywhere. Host services in the cloud to gain access to essential updates and documentation from any device. People can work from home, the office, or on the road because they are all connected via the cloud. Look for security systems that ensure your clients’ and company’s confidential data are protected. Use web portals to share important updates with your clients virtually.

Go Paperless

One of the most significant benefits of working virtually is the opportunity to maintain a paperless office. Streamline working procedures by storing everything in the cloud rather than keeping up with the endless paper chase associated with accounting. Instead of searching for files and finding room to store them, everything is conveniently accessible via the cloud. Get your hands on pertinent financial records and updates in just seconds rather than looking around for hours for a piece of paper.

Communicate Effectively

New forms of communication increase in popularity as more companies decide to work remotely rather than attempt to open their offices during the days of social distancing. While we may be socially distant, communication should be ongoing to ensure you maintain a bond with your clients. Establish working portals, collect emails, make phone calls, and send texts. Schedule virtual meetings to keep everyone on the same page, regardless of location and circumstances. Staying in touch is critical as people learn to work virtually together. Offer instructional seminars online to ensure everyone knows how to maximize the use of technology.

The way we work is changing, and the savviest accountants are ready to adapt. Start by focusing on the work you perform and what your clients want. Then implement cloud technologies to be prepared for anything that could arise after the pandemic. Accountants who are prepared to work remotely will remain busy and profitable regardless of the new normal.


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