This is a thank you piece to my amazing Accounting team and our wonderful clients.

We have emerged from the busiest and most stressful time in our careers without any fatalities (thanks to forced isolation)!

In what has been a massive effort they have helped VJC to:

  • deliver updates and support clients with the stimulus measures e.g. the cash boost and job keeper
  • lodge all clients on time.

We acknowledge that as Accountants and Business advisers we are fortunate to still be working and servicing our clients needs.

COVID19 has traumatised and stress us all but our role as the conduit of information and the applications for the Governments stimulus measures has seen us literally run off our feet!

Here are some articles I have seen that highlight the pressure on Accountants in this time N.B. our Wealth management team is equally as amazing servicing our clients needs and emotions in these past weeks also!

The accounting profession has weathered the revenue impact of the COVID-19 crisis better than most, but it is suffering on the mental health front under a heavy workload, new research has found.

“As an accountant in practice, I am absolutely deluged by client queries and requests for assistance. Deadlines are a major issue as all normal work has been pushed back as I deal with the COVID-19 emergency,

 “As an accountant and tax agent, I cannot remember being this busy since the introduction of GST. Clients are confused and need assistance,

“As accountants, the burden of explaining and administering the government’s response has fallen on our shoulders. It will be largely unchargeable and leads to high levels of anxiety. Our clients are likewise anxious, and some of them are financially ruined,”

Lodgement extensions critical as 3 out of 4 agents fall behind

Close to three out of four tax agents are now behind on lodgements compared to this time last year, as calls for further extensions continue to ring out.

General Advice warning: the information in this article is general in nature, it is not advice specific to your needs. If you want to act upon the information in this article then you should seek advice from a qualified professional. VJC WM accepts no liability to any party for acting from this information unless they have sought advice in a formal engagement with VJC WM for this purpose.