The demand for accountants to support lay-off and insolvency proceedings increased 37% in April, comparing the same period of 2019, due to the Covid-19 effect on the Portuguese economy, reveals FIXANDO.
In consultation with 200 of the 400 accountants registered on their platform for hiring local services, it was found that the companies that most seek these professionals are small companies (59%), followed by medium (27%) and large companies (14 %).
The sectors most affected, reveals Fixando, are: Retail (31%), Events (21%), Well-Being (19%), Others (18%).
The vast majority of companies, whether for lay-off or insolvency issues, complain about the processes for being too slow and bureaucratic, for the lack of response from the responsible entities, for the lack of clarity in the required documentation, but also for inconsistencies in the legislation.
What kind of Measures to adopt to streamline Lay-Off and Insolvency processes?
“Uniformity of information, as well as greater availability of social security professionals to answer doubts and questions that still exist and many are specific to each company. The contact line is sometimes very long and the service is not very effective because of some ignorance of the most recent laws ”- Renato Silva, accountant.
“The big problem with lay-off processes is the fact that they have to submit documents filled in externally, when they should be forms integrated in the system, to be filled in online which would facilitate the processing of data by social security, making the granting faster and less prone to errors ”- Tiago Gomes, accountant.
“The criteria are not so tight, with the possibility for the authorities to make the respective corrections, invalidating whether this goes from one side to gold as well as in a despotist way the potentiation of all failures for a State to divorce its obligations by rejecting the respective requests “- Vasco Cubas, accountant.
“it would be much more effective to have applied tax and contributory exemptions, and tax deferrals, instead of the enormous complications and bureaucracies created with the support of social security and confined and unclear bank financing” – Paulo Rodrigues, accountant.
“Simplify a process that was supposed to be simplified and provide responsiveness to social security services, which, clearly, do not have” – Ricardo Melo, accountant.