Round-Table Discussion: How Can Outsourcing and Tech Boost Your Profitability

Technology is integral to the success of businesses, especially as the world recovers from the effects of the global pandemic. Instantaneously, outsourcing plays a crucial role in boosting the profitability of accounting firms. But what happens when the two are put together?

Nick Hume, Director of Xeinadin Accountants, Nicola Reed, Account Manager at MyWorkpapers, and Sagar Ahuja, CEO of QXAS Outsourcing, share their valuable insights on the role of technology and outsourcing in facilitating a practice’s growth. Hear it directly from the experts who have been in the industry for more than a decade and have driven growth using collaborative tech and outsourcing.

In this webinar, you will learn:

  • The importance of outsourcing in boosting accounting firms’ profitability
  • The role of tech in transforming traditional accounting processes
  • Why technology is the future of accounting and auditing
  • The collaborative benefits of outsourcing and tech for accounting firms

The webinar aims to prepare accounting firms for a tech-powered future and help them take the plunge to outsource critical accounting and auditing processes.

A modern accounting firm with a hybrid workforce – Acing the growth game in 2021 and beyond!

The pandemic forced accounting firms to adopt a new normal and think that business as usual would not work. Employees are working remotely, and firms had to majorly invest in tech, focus on cybersecurity, explore new growth avenues, and all this while keeping their bottom line in check. This webinar highlights leveraging a hybrid workforce, a mix of virtual/offshore accountants and in-house accountants, to build capacity for growth-focused firms in the present and the future.

Laurence Whittam (AVP, Client Services, QX), Philip J Whitman, CPA, CEPA, and Danny Mizrahi, CEO, Contango IT, discuss the benefits of a hybrid workforce.

In this webinar, you will learn about:

  • A hybrid workforce driving scalability of an accounting firm
  • The strategic benefits of a virtual staff or an offshore team of accountants
  • Managing and optimizing a hybrid workforce consisting of an offshore team
  • Cost-benefit of outsourced accountants over an in-house staff
  • A hybrid workforce backed by an offshore workforce supporting growth efforts
  • The importance of a data security-centric approach towards a hybrid workforce

This webinar aims to enable accounting firms, irrespective of size, to see a hybrid workforce as a key growth driver and a means of building resilience that helps them address all growth-centric challenges.

Tax Season Bootcamp: Make 2021 Your Firm’s Most Profitable Tax Season Yet

The stress that the Tax Season brings is no secret to tax and accounting professionals. It is considered by many as the most demanding times of the year, often marked by long hours, tight deadlines, last-minute meetings, and chasing clients.

But it doesn’t have to be that way. Imagine optimising your practice efficiency in the busy season to reduce burnout while achieving the highest levels of productivity?

QXAS hosted the Tax Season Bootcamp on 7th October 2021. Presented by Emma Slack and Alan Woods from AVN for Accountants along with Pramith Naidu, the Associate Vice President, Operations, QXAS, the webinar focused on positively managing the challenges along with the strategies to reduce stress and increase profits during the busy season to make 2021 your firm’s most profitable tax season yet.

The webinar highlights outsourcing as a strategic step that provides the much-needed injection of resources into your practice to allow your practice to grow from strength to strength.

Here are some takeaways from the hour-long webinar:

  • The challenges that lie ahead of you this busy season
  • Strategies to reduce the stress and burnout
  • The tremendous growth opportunity in the year ahead
  • How to restore a degree of work-life balance for your team

Simply enter your details to request a free playback of the webinar and find out how you can make this tax season the best one yet.

Rethink Traditional Accounting Processes: Drive Firm Growth and Profits with Existing and New Revenue Streams

Should successful firms put a premium on growth? How do accounting firms, especially those who haven’t faced any growth issues to date, explore new growth avenues? Why is it essential for them to do so?

These and many other such questions will be answered in this webinar. Firms that evolve, lead the progression to 21st Century firms. The firms that will survive and prosper won’t be vanilla accounting firms, but a collective of  ‘the most trusted advisors’ to their best clients. As advisors, their focus should be on offering value-added services while driving efficiencies in current services through restructuring, refocusing, and outsourcing foundational (often commoditized) services. This webinar aims to help accounting firms leverage growth-centric practice management tips, for sustainable growth.

A 21st Century firm needs to future-proof its business. This webinar tells you how to go about it.

In the hour-strong webinar, you will learn:

  • Why evolution is not just a better mousetrap but offers strategic benefits
  • Moving away from restrictive traditional methodologies and evolving to proactive value-based service engagements
  • Outsourcing as a strategy that ties in with a firm’s long-term evolution plans, irrespective of size or scope
  • The strategic benefits of outsourcing or remote staffing that go beyond just cost and include other efficiencies
  • It pays not to consider Change, Disruption, and Evolution as just buzzwords or a checklist item

How to Use Payroll Outsourcing to Grow Your Practice in 2021

QXAS, hosted its webinar 13th May 2021, presented by Shane Lukas, Managing Director, AVN Accountants & our Associate Vice President, Operations Pramith Naidu. In this webinar titled, ‘How to Use Payroll Outsourcing to Grow Your Practice in 2021’, we are bringing you the top 10 successful strategies employed by accounting practices to improve their profitability and growth even when working from home.
In the 45 minutes of the webinar, you will learn:

  • Why 87% accountants who outsourced payroll saw upto a 40% spike in their payroll profitability
  • How 68% accountants used payroll outsourcing to make more time for clients and how it impacted their profit margins.
  • Uncover the 10 Best practices that helped accountants thrive in the current climate using payroll outsourcing.
  • Discover the long-term strategic benefits of these best practices on the accounting firms surveyed.

WATCH THE WEBINAR, BECOME A PART OF ‘SOMETHING GOOD’

When you request a playback of the webinar, we will use B1G1 on your behalf to fund:

  • Medical care for the elderly in India, who are most at risk from COVID-19,
  • Trauma counselling for children who lose their parents during the deadly wave of the virus
  • Water taps to reduce the spread of the infection by allowing more people to wash their hands more frequently.PS. Register today to grow your practice & become a part of something good. If even you can’t make it on the 13th, register anyway & we will send you a recording afterward.

Simply enter your details to request a free playback of the webinar and find out how accountants can make the most of their payroll services in 2021.

Managing Client Expectations During Tax Season with Remote Resources

QXAS, hosted its second webinar on Encoursa on 9th March. Presented by our Associate Vice President of US Operations Shaishav Dave and hosted by Jennifer H. Elder, CSP, CPA, the webinar titled – Managing Client Expectations During Tax Season with Remote Resources: Rationale and Best Practices, will take you through the challenges of the tax season and how remote resourcing or outsourcing can be the knight in shining armor.

The webinar seeks to highlight tax preparation outsourcing or accounting outsourcing as a strategic step that can bring a wealth of benefits to CPA firms and ensure process efficiencies. It seeks to impress upon the fact that outsourcing is not just a means to an end but a journey that results in long-term strategic benefits like digital transformation, tremendous value-addition and more.

HERE ARE SOME MAJOR TAKEAWAYS

  1. Challenges faced by CPAs, EAs and accounting firms
  2. Benefits of remote resourcing or outsourcing
  3. Outsourcing offers much more than just a cost saving deal
  4. The best practices of choosing a tax preparation outsourcing provider

Simply enter your details to request a free playback of the webinar and know-how outsourcing can help you manage client expectations better.

Leadership In The New Normal

In this webinar, QX and ACCA join hands to answer the hot questions on how leaders in accounting can lead their firms into the new normal and the upcoming trends in accounting during these post-pandemic times.

Here are some major takeaways :

  1. Learning Leadership Skills in Digital Accountancy
  2. Learning about steering employees and organization culture in the new normal
  3. Action points to lead accounting firms remotely
  4. Learn about upcoming trends in accounting
  5. Simply enter your details to request a free playback of the webinar, improve your practice and plan the next moves for leading your firm.

Up Your Talent Game – Solve Your People Challenge

This on-demand webinar is hosted by Laurence Whittam – Industry Speaker & Influencer and presented by Phil Whitman, President of Whitman Business Advisors, Strategist and Consultant. It discusses why finding the right talent has become challenging for CPAs and accounting firms, especially as technology continues to change at a rapid pace.

HERE ARE SOME MAJOR TAKEAWAYS:

  1. Finding, attracting and retaining talent – what goes into it
  2. Using new technology to attract the right staff
  3. Utilizing skills sets from across the globe
  4. Screening and finding the best candidates

Making Your CPA Firm More Resilient in the New Normal – 5 Steps Towards Success

What can CPA firms do to not only stay afloat but also prosper in the New Normal? This on-demand webinar hosted in conjunction with Encoursa, and presented by Harsh Shukla (Associate Vice President – US Operations at QXAS USA) gives you the answer. The pandemic has laid out in no uncertain terms that businesses must build newer and sustainable capabilities to survive in difficult times. But why not make ‘resilience’ a habit. This webinar charts out a path towards building resilience for CPA firms. So walk on this path to build a successful firm no matter what the challenges thrown at you.

HERE ARE SOME MAJOR TAKEAWAYS:

  1. Building resilience to meet all challenges
  2. Approaching resilience building strategically – The 5 key steps
  3. Action plan
  4. Working with an outsourcing services provider to build resilience.

Simply enter your details to request a free playback of the webinar, build CPA firm resilience to ensure your firm battles all odds.

The Really Bad News for Accountancy Practices and What to Do About it

QXAS and industry expert Steve Pipe, FCA, came together to survey the state of accounting in the UK – over 250 senior accountants jumped on the bandwagon and showed us a glimpse into the raw interiors of accounting in the UK. In this webinar, Steve shares the research results of the ‘The State of Accounting 2019 Report’ along with a resilient action plan for firms to stay steady through all thick and thin.

Here are some major takeaways:

  • Find out a three-tier solution to combat most accounting problems.
  • Explore the new avenues for accountants and firms to build upon.
  • Understand changes the accounting profession is going through right now.