One-fifth of Virginia CPAs expect their business to expand in 2021 despite the pandemic, according to the Virginia Society of CPAs sixth annual Economic Expectations Survey in partnership with Virginia Business magazine. Among the other findings from the 162 respondents in the survey:

• Most respondents have been investing in technology during the pandemic, and 40% plan to make even bigger investments in technology assets in the coming year;
• The safety and health of employees was the top concern for 73% of respondents, with most working remotely or taking other precautions due to the pandemic since back in mid-March; and
• Amid the crisis, about a quarter of respondents were able to begin offering new services to their clients.

The VSCPA sponsors an annual two-day business valuation, fraud, and litigation services conference. A recap of this year’s conference can be found in the November 2020 issue of Business Valuation Update.