The Covid-19 crisis has created unprecedented opportunity to launch a virtual accounting practice. With the pandemic of Covid-19 and the Federal Government’s response to an economic downturn expected to dwarf the sub-prime crisis of 2008, there has never been a better time for accounting professionals with the right skills to help get the nation back on its feet.
Tidal Wave of Applications for the SBA Paycheck Protection Program (PPP) Expected
Ask any small business owner what’s on their mind in the midst of shelter-at-home, and their responses will be similar. The health of their family followed very closely by the health of their business. With shelter-at-home keeping consumers from purchasing goods and services across so many industries, unemployment rates have already skyrocketed.
The CARES Act, and specifically the PPP, could not come sooner. However, not unlike the HealthCare.gov fiasco, there is already confusion about how to apply to secure the financing. With PPP, a business can secure financing that becomes a grant. As long as the business continues to pay employees in accordance with the program’s requirements, the government will forgive the loan. Free money. What business owner wouldn’t apply?
The opportunity is fantastic, but the application process leaves a lot to be desired. The forms and documentation are so complex that a small business owner without a strong financial education has little chance of completing them correctly without assistance. An incorrect application could lead to delays in receiving the loan deposit of several weeks. Businesses who complete the form correctly the first time can have funding in as few as 2 days.
A very high percentage of 30,000,000 small businesses will apply for this program in the coming weeks. That’s where you come in.
The Crisis is Unprecedented, the Method of Work is Not
How do you serve small businesses in this time of need? Virtually. The market for professional services has been trending towards virtual services for some time. Business owners have used virtual services in marketing technology through publicly traded companies such as Upwork and Fiverr for quite a while. Businesses use Uber to navigate business trips.
FINSYNC has developed its Services Network specifically to solve the need for professional, vetted financial assistance for US-based companies. Businesses simply request services through the app, and, based on their needs, get matched to the professional best suited to their requirements. That professional could be you.
The Tools Are Readily Available
While taking first steps into the virtual, gig-economy may seem frightening at first, it’s a lot more personal than you might think. Google, Zoom and others provide free tools for video conferencing. FINSYNC service providers have access to its business software that includes Payments, Accounting, Payroll, Projects, and, most importantly in the current economic climate, Cash Flow Management.
FINSYNC also makes its services portal available so that you and your new business customer can communicate virtually, with activity tracking, commenting and document management all simplified and at your fingertips.
Get Started in VIRTUAL ACCOUNTing
To get your virtual accounting career started, simply complete your 10 minute application. There’s no cost to apply or become a FINSYNC Specialist. You’ll be paid via direct deposit for your work helping businesses navigate the SBA application process. You’ll also have the opportunity to earn future work when normalcy returns to the economy and businesses need all your other amazing skills!