A recent survey by AccountingWEB on the wellbeing of accountants has revealed that a combination of long hours, the overwhelming effects of coronavirus workload and the stress of helping clients has had a negative effect on mental health and wellbeing. The sheer deluge of work appears to have taken its toll and although many said their health and wellbeing was now recovering, now that many of the government schemes are ending, others admitted to feeling “burned out”. Many accountants are now asking themselves “what now?”.
Many industry experts believe that the only way forward is for accountants is to embrace the digital world and the COVID-19 situation has only served to highlight that it is now possible to fully collaborate with clients through cloud products, online digital communications and apps. Having the right software to support compliance obligations will also be a vital part of any accountancy practice as HMRC moved to digitised submissions. Keeping up with this type of fast paced environment will not suit everyone and for those already feeling the stress and pressure of the last few months now might be the right time to think about the future of your practice and your role within it.
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