Accounting in 2025: Three Undeniable Trends and How They Will Affect Accounting Firms Like Yours
 

Accounting in 2025: Three Undeniable Trends and How They Will Affect Accounting Firms Like Yours

Jet cars. Hover boards. Food replicators. On a daily basis, movies, TV and books give us grandiose ideas of what our future holds. Futurologists take the entertainment value a step forward and make a living predicting how our world will change in 25, 50 or 100 years.

The most accurate predictions are rooted in trends happening right now. Rather than extrapolate on what the future holds for accounting firms in 3015 (for example), I see a clear benefit in focusing on the near-future – 10 years from now in this case – to spot meaningful trends that firms can embrace for long-term success.

Following are three undeniable trends that will hold considerable sway not only on consumers but also on accounting practices in 2025.

Pervasive Connectivity

With broadband access and expanded cell phone and Wi-Fi networks, we are nearing the point of seamless, continual and ubiquitous connectivity. By 2025, we’ll have achieved it. It will be a wireless world, without the rat-tails of coiling cables. Technology such as nationwide or city-focused networks and/or Wi-Fi will trump dead zones, and the connection between electronic devices will multiply and strengthen because of this. Read more on CPA Practice Advisor. Read more on CPA Practice Advisor