The burden on the accountants caused by the COVID - 19 pandemic

Dimitrova, Janka and Gorgieva-Trajkovska, Olivera and Dimitrova, Eftimija (2021) The burden on the accountants caused by the COVID - 19 pandemic. Journal of Economics, 6 (2). pp. 145-159, 6 (2). pp. 145-159. ISSN 1857-9973

	Text Journal of Economics Special Issue.pdf Download (275kB)
	Text THE BURDEN ON THE ACCOUNTANTS CAUSED BY THE COVID-19 PANDEMIC.pdf Download (185kB)

Abstract

The Covid-19 Pandemic imposed many changes and challenges in the daily lives of the citizens and the functioning of the business sector. For more effective protection,
precautionary measures were adopted and restrictions on the movement of citizens were introduced. Vulnerable categories of employees (chronically ill, pregnant women, mothers with small children, ....) were advised not to go to work. A number of businesses have disrupted the production process both to prevent the spread of the pandemic and due to canceled orders from the customers. Many workers lost their jobs. Administrative workers
perform their duties from home. Many companies (depending on the industry) have also adapted and are working from home.
In order to alleviate this situation, six packages of financial support measures were adopted, which were intended for the business sector and the citizens, in order to provide basic conditions for normal functioning and living. The financial support for the business
sector was conditioned by the fulfillment of certain criteria (income, number of employees, ....) and a request had to be submitted within the set deadlines which were too short. For submitting the requests for the financial support, for the interest-free loans, for the
deferred payment of liabilities, as well as for all liabilities arising from the Covid-19 pandemic (monitoring the movement of income, the number of employees, the amount of salaries paid, warnings about unpaid debts, administrative deductions from salary, ...)
accountants were obliged. Despite all the risks posed by the pandemic, accountants had to work because they were the logistical support to the business sector and responsible for the accuracy of the information presented in the financial statements and tax returns.
Accountants are an extremely important link between the business sector and the state. They are responsible for calculating all taxes and contributions that fill the budget and on their shoulders have implemented all measures (financial support, deferred payment of
interest, interest-free loans, ....) intended to alleviate the situation caused by the Covid-19
pandemic in the economy. Therefore, the purpose of this paper is to conduct research to identify the problems encountered during the operation under Covid 19. The research will be conducted by means of a questionnaire submitted to the accounting firms registered in the register of the Institute of Accountants and Certified Accountants. According to the answers to the questionnaire, we will give suggestions for overcoming the problems and improving the situation
Keywords: Covid-19 pandemic, anti-crisis measures, accountants, financial support

Item Type:	Article
Subjects:	Social Sciences > Economics and business
Divisions:	Faculty of Economics
Depositing User:	Janka Dimitrova
Date Deposited:	08 Oct 2021 08:56
Last Modified:	08 Oct 2021 08:56
URI:	https://eprints.ugd.edu.mk/id/eprint/28382

Actions (login required)

View Item