Anchin: Personalized Accounting Services for Holistic Growth

The COVID-19 pandemic has presented challenges to accounting firms and their clients, many of whom are still working on a strategy to combat this unprecedented situation. While CFOs and other finance professionals spent much of 2020 addressing the pandemic's hardships, in 2021 they will likely be shifting their focus toward implementing long-term plans to position their organizations for growth and profitability. Despite its toll on people and businesses, the pandemic has created an opportunity for accounting firm leaders to influence positive outcomes by reevaluating and adjusting their goals and executing well-thought-out strategies. As a result, advisory services are among the fastest-growing segments for firms such as Anchin, one of the country's leading accounting and advisory firms. Since the onset of the pandemic, Anchin’s team of professionals have made it a priority to assist their clients through COVID-19 related hardships including guiding clients through the transition to remote working, evaluating cash flow and costs, and providing them with continuous information and updates on the Paycheck Protection Program (PPP) and other incentives and programs.

Anchin provides privately held businesses, investment funds, and high net worth individuals and families with a wide range of financial reporting, tax, and advisory services. In addition to traditional accounting and auditing, Anchin provides clients with a suite of advisory services including tax planning and compliance, cybersecurity, assistance with tax credits and incentives, business risk management, digital risk solutions, transaction advisory and exit strategies, and more.

For many firms, the pandemic brought on a unique set of challenges. While many firms were concerned that remote working would greatly reduce employee productivity, Anchin’s professionals were quick to pinpoint the many opportunities a remote work environment presented.

“For almost a century, our team has traditionally worked exclusively in an office setting. Our firm’s transition to remote working was seamless, as our team of professionals quickly embraced the virtual environment and made it their highest priority to guide our clients’ businesses forward. During the initial weeks, our team communicated with our clients around the clock to help them navigate government programs and offer them proactive advice on banking considerations, inventory levels, and backlog. As the pandemic continues, we are actively supporting our clients in the same way by providing them the tools to move their company forward into a brighter future," says Chris Noble, Partner and Leader of the Services & Technology Groups at Anchin.

As the pandemic threw an unexpected curveball for business operations across the board, Anchin's risk management services proved instrumental in guiding clients on the right path to mitigate the challenges.