How to Know If You Need Additional Support
For Year-End Accounting
As we approach the end of another fiscal year, businesses face the crucial task of closing out their financials, which can be both time-consuming and complex. According to a report by Thomson Reuters, keeping up with tax law and government regulations ranked No. 3 among the top accounting challenges in 2024.
From reconciling accounts to ensuring compliance with the latest tax regulations, the year-end accounting process can strain internal teams, especially when short on staff or expertise. DeWinter Group, with its extensive network of accounting professionals, is ready to help businesses navigate this critical period.
Year-End Challenges and Why Companies Need Support
The year-end financial close can stretch internal accounting teams to their limits, especially as they face various challenges:
Increased Workload
As companies prepare financial statements, finalize budgets, and file taxes, accounting departments often struggle with the sheer volume of work. The burden increases if teams are already understaffed or working with less-experienced personnel.
Tight Deadlines
Deloitte's year-end financial report states that 70% of companies encounter significant issues when trying to meet audit timelines.
Compliance
Tax laws, particularly around deductions and credits, change frequently. The IRS has introduced over 400 tax code revisions in the past decade alone. Staying compliant in day-to-day operations is a considerable burden for many businesses.
How Support From Accounting Consultants Can Improve Your
Year-End Workflow
1. Handle Increased Workload
Year-end tasks often pile up quickly. Consultants help manage the extra workload, allowing your internal team to focus on priority tasks without getting overwhelmed.
2. Specialized Expertise
Consultants bring specialized knowledge of complex year-end procedures, tax regulations, and compliance, ensuring accuracy and reducing
the risk of errors.
3. Time Efficiency
With extra hands on deck, deadlines are met faster, allowing your team to close books promptly and prepare for audits or tax
filings without delays.
4. Fresh Perspective
External consultants can identify inefficiencies in your processes that your internal team might overlook, bringing in new strategies to improve workflows.
5. Cost-Effective
Hiring short-term accounting support during peak periods, like year-end, prevents the need for permanent hires while still ensuring you have the resources necessary to close the books smoothly.
Getting extra support ensures smoother operations, reduced stress, and better results for year-end reporting.
How DeWinter Group Can Help
DeWinter Group understands the pressures that come with year-end accounting, and our firm specializes in staffing and recruiting top-tier accounting and finance professionals. Whether your business needs extra hands for temporary positions or skilled experts for permanent roles, DeWinter Group can connect you with professionals who are equipped to manage the complexities of year-end financial close.
Here’s how we can support your team:
1. On-Demand Talent
We maintain a robust network of experienced accountants, auditors, and financial analysts who are available for immediate long or short-term assignments, covering gaps in your team for the busiest times of the year.
2. Experienced Professionals
Our consultants have years of expertise in key areas like general ledger reconciliation, tax preparation, financial reporting, and more. Our candidates have the skills to ensure your year-end financials are managed efficiently.
3. Industry Expertise
DeWinter Group’s talent pool includes professionals who have worked in diverse industries—ranging from tech startups to Fortune 500
companies — ensuring you find someone who understands the specific needs and regulatory environment of your sector.
4. Customized Solutions
We tailor our staffing solutions to meet the unique demands of your business, ensuring a smooth year-end close.
Why Choose DeWinter Group?
DeWinter Group has over 24 years of experience in connecting businesses with finance and accounting talent in the Bay Area and beyond. Our deep understanding of the financial and regulatory landscape means we can provide the specialized support your team needs to meet year-end deadlines without compromising on quality.
As you prepare for the end of the fiscal year, now is the time to assess your team’s capacity to manage the added pressures of year-end accounting. Whether you need temporary staffing, permanent hires, or project-based support, DeWinter Group has the expertise and talent pool to ensure your financial close is seamless and successful.
For more information on how we can support your year-end accounting needs, contact your friends at DeWinter Group today.
About the Author:
Emily Calicchio brings a wealth of knowledge and talent to the DeWinter Group, including seven years of institutional knowledge of the Finance and Accounting industry, proven skills in developing teams, and experience working with household-name clients in the NYC market.
"As a Boston native, I'm excited and ready to bring DeWinter Group's highly-regarded reputation and my passion for high-level service and top-tier candidate experience to my own backyard."
About DeWinter Consulting Boston:
Are you considering additional finance or accounting consulting solutions in 2024? Whether you need
immediate, short-term accounting support or have an urgent project that requires specific skills, DeWinter Consulting’s Boston has the finance and accounting network to help New England's top companies thrive. DeWinter Group's Boston Consulting team offers professional on-demand finance and accounting support.
Learn more and get in touch today.
