Right Networks recently surveyed 365 CPA Firms, accounting professionals and small businesses on their level of Optimism for 2018. The survey was intended to get an understanding of the level of Optimism for 2018 for the target group. The results show there is budding optimism for 2018 amidst new tax reform legislation.
Key Points of the Survey
- Proposed Tax Reform Spurs Growth in Confidence
- Protecting Client Data is a Top IT Priority for Accounting Professionals
- Remote Functionality is Required
Proposed Tax Reform Spurs Growth in Confidence in 2018
- 54 percent of respondents felt “very confident”
- 29 percent felt “moderately confident”
- Only a handful of respondents were “not confident”
- None indicated they “pessimistic” about next year.
With the overall economy in mind, the survey found that nearly 60 percent of accounting professionals sampled believe taxes will be the single biggest regulatory issue impacting their clients’ business today. Another 23 percent indicated that health care regulations are the biggest factor.
Top IT Priority for Accounting Professionals
- 38 percent regarded data security and privacy as the biggest technology challenge in 2017.
- Automating time-consuming administrative tasks
- Offering the capability to deliver a great level of service and responsiveness to clients
Remote Functionality Required
- 46 percent of responding accounting professionals indicated they work remotely every day
- 32 percent indicated that they work away from their central office at least several times a month.
- 82 percent of CPA firms rely on cloud-based accounting software to handle and complete their work.
About Right Networks
Right Networks is provider of cloud-based accounting and business solutions for CPA firms, accounting professionals and small to medium businesses who want to gain all the benefits of cloud-based applications without needing to replace what they use today. The Right Networks cloud combines advanced, highly-available technology with 24x7x365, U.S. based phone, email and chat support to deliver an always accessible and always there for you service experience allowing customers to focus on growing their businesses.
Visit https://www.rightnetworks.com/ to learn more about our solution, pricing and available plans.