Using References and Picking the Right Sized New York Accountants for a New Start-up Business

Starting a new business is incredibly difficult and comes fraught with uncertainty. A great deal of preparation and planning goes into a new business. Any new business owner is well aware that that the odds are obviously stacked against him. That is especially true in this poor economy, but that drive carries through. It is critical to closely plan every aspect of the business and that makes success seem highly likely. The problem is that even with a great deal of preparation and planning, one mistake can be extremely costly.

In the tri-state area, there are myriad options when a new business is looking for a good New York accountant. Many people gravitate towards the businesses that specialize in the extremely large corporate accounts assuming that guarantees competence. Others prefer to target the tiny operations that seem to offer the best value. Given those choices in evaluating New York accountants, there are no guaranteed harbingers of success for a small business. The problem is that decision is extremely important because a mistake in how the business’ finances are handled can be disastrous.

It’s extremely necessary to find a New York accountant that has valuable experience in working with the IRS on behalf of small start-ups. That specific experience can be difficult to find, but it’s critical for any start-up business to do so. The IRS has a continuing evolution of many multiple different divisions and codes and that can make finding someone that is fluent in all of them a necessity. Making the right decision there can pay for itself many times over in avoiding an audit and any ensuing penalties. Even if the IRS is successfully avoided, there are always financial issues that will challenge any first time business owner. Obviously, many New York accountants could sufficiently handle these issues, but finding the right one is quite challenging.

Any New York accountant will want their client to succeed, if for no other reason to keep the doors open. Obviously, if the client goes out of business, there is no revenue for the firm to receive. The problem is that new businesses are a lot of work and often have a lot of questions and some New York accountants are too busy and can’t take the time to hold their client’s hand and walk through issues they may have dealt with hundreds of times in the past. That makes many big New York accountants unsuitable for a new business. For that reason, experience alone isn’t a guarantee of a successful relationship between a New York accountant and their client. Of course, the contrary is also true and many small start-up New York accountants may have the drive, but not the expertise to handle all of the issues that arise. This is why references and finding a New York accountant with the right experience, rather than the right cost, is the most important factor.

How Automation can be used for faster recovery, revival and improved resilience in the wake of COVID

Practically every industry — CPG, manufacturing, Pharma, and Financial Services — is in pursuit of automation in the wake of COVID-19. It is the antidote to uncertainty, variability, unexpected breaks in business continuity, and the need for scale. In the short term, over the next 18 months, process automation in the form of RPA will be used not only to reduce costs and eliminate FTEs—as has been the key goal until now—but also to create recovery and resilience.

There have been two key pre-COVID-19 doctrines that have helped guide organizations regarding their automation strategy:

Drive efficiency/effectiveness: Make automation the new Lean—deploy it to eliminate waste of time and material, reduce turnaround time and scrunch costs
Improve employee experience/reduce errors: The goal was to automate manual processes that were repetitive, time-consuming and error-prone and thereby improve employee experience—freeing their time so their cognitive skills and intuition could be leveraged more gainfully
An example of this is the use of automation for activities that a supply chain planner is expected to perform. These include data collection and reporting, which define almost 80% of the role. These are rule-based activities and can be automated, allowing the planner time to think of unique ways to improve the supply chain, create resilience, and plan for future business needs. In other words, automation can be leveraged to augment human potential.

With COVID-19 changing many business priorities—and most of them permanently—there is a new role that organizations are demanding from automation. They want to inject automation into every process that allows the organization to withstand shock, drive revival, and build resilience.

There is always the risk of organizations hurriedly using automation to address the challenges placed before them by COVID-19. These will be short-term Band-Aid solutions. But the goal must be to extract long-term value from every dollar being invested in automation.

Automation leads to organizational IT optimization and lays the ground to right-set business—by re-baselining costs of IT operations, allowing businesses to optimize the current workforce and increase efficiency. There is therefore no need to reduce the headcount of an organization. Instead, employees can use automation to augment their capabilities, improving efficiency or re-skill themselves for newer roles. And as automation is used to fast-track development and testing, it allows the organization to grow.

As the pandemic spread, ITC Infotech’s operations, backed by Automation Anywhere’s Intelligent Digital Transformation platform, ran seamlessly across the world. For others, the pandemic triggered new ways to leverage automation. Some of the interesting use cases witnessed were:

Bots created to monitor employee devices and systems, leading to better use of resources when helpdesk workload went up.
A bot designed to address data privacy, a key challenge in the work from home (WFH) model. The bot masked data for WFH resources, ensuring continuity of service.
A retailer in Europe deployed a bot to manage back-end and customer-facing processes following a major spike in website traffic. The customer set up an Automation CoE, allowing them to create bots in three to four days.
Interest in automation has increased several folds. But major transformation initiatives have been paused. The urgency is to quell the disruption caused by COVID-19. To help do this—and do it fast—cloud platforms offer the convenience of accessibility and scale. These platforms do not require customers to add to on-premise infrastructure or install anything on their systems. Configuration, deployment, and bug fixes can be done remotely on the cloud platform.

Using automation has become easy. Almost any role in finance, operations, manufacturing, sales or distribution can create bots using drag-and-drop features. COVID-19 has accelerated the simplicity with which automation is implemented. It has also triggered wider adoption of automation. From here on, automation can be expected to become a top board room priority.

How IoT Mobile App Development Services is Positively Impacting Your Business

When it comes to mobile app development, you will see many things on the internet that might confuse you. But you need to understand that progress is a natural course; unless you move forward, you cannot stay ahead of the competitive world.

With age and time, you can witness enormous growth in the technology sector, and mobile app development is one of them. Choosing the right technologies and upgrading them from time to time can overall improve your business.

Mobile app development is changing business for quite some time now, and enterprises are enjoying its benefits to the fullest by developing their business online. Technology is opening doors to many opportunities, and one of them is custom mobile app development.

A custom mobile app helps businesses to achieve specific business goals. Now IoT (Internet of Things) comes into play that has completely transformed the way enterprises work. More and more industries are looking forward to this technology to reap out maximum profits. To enjoy the utmost efficiency of IoT, you need to hire a reliable mobile app development company that has experience and expertise in developing successful IoT mobile apps.

Let’s check out how IoT mobile app development services are transforming the business landscape.
Easy to Target Niche Segment
To date, not many companies are embracing IoT technology. In the present scenario, if you integrate IoT in your mobile apps now, there is more probability to get a competitive edge and address a niche audience more effectively. IoT developers ensure they put the most necessary features into your app to make and your customers’ life simpler.

Boost Efficiency & Streamline Your Workflow
IoT mobile applications will boost customer participation. It provides an excellent user experience by making your app more efficient. The mobile apps with IoT are designed in a way that can simplify and automate business processes. Hence, the application certainly improves robustness and increases profits.

Supports Easy Integration
Mobile applications and other devices can be easily integrated with all the emerging technologies, including IoT, AR, VR, machine learning. Therefore, you can enjoy the benefits of futuristic technologies in mobile apps seamlessly. However, you need experts for the right implementation to make the app worth your investment. Also, IoT helps multiple devices, apps, and functions to be managed from a single system. For instance, with IoT technology, you can run multiple tasks at one time that also benefits end-users.

Easy Customization and Accessibility to Data
If you need feature-rich and futuristic app development, IoT can help your business stay firm amid growing competition. It provides easy customization options for mobile apps that are readily meet the needs of connected apps. Moreover, IoT allows businesses to collect more data that helps them connect with their consumers.

Summary
As we discussed, there is a great potential for IoT-based mobile applications in the market. It can bring revolutionary changes to the traditional mobile app development process. A renowned IoT app development company understands your business requirements and develops innovative applications to streamline complex business processes. One of the best things about IoT implementation is that you can control the entire network, whether you are at home or office, with a few taps. Are you ready to jump on the advanced technology bandwagon? Talk to experts.