Academic journal article Journal of Accountancy

The Office That Isn't

Academic journal article Journal of Accountancy

The Office That Isn't

Article excerpt

Send your staff home. Tell the landlord you won't be renewing the office lease. Set up your computer in the spare bedroom. You now have a virtual office, which exists only as a series of phone, fax and e-mail connections. But is this the right move for your firm, your employees and your clients? If so, have you made the necessary preparations?


[] Will you let your clients know about the change--if so, what details will you provide?

[] Will you maintain some sort of office for client meetings?

[] Will you be changing the type of clients you work with or services you offer?

[] Have you thought about which clients you might lose by this move or what clients you might gain?


[] Will you retain all your current employees?

[] Will employees now become independent contractors--if so, what rates will you pay?

[] How will you handle human resource issues, such as training, supervision, hiring and time and billing?


[] What equipment and furnishings will the firm supply, and what will staff provide for themselves?

[] What system will you have for file storage and retrieval? …

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