2018 IT Predictions for Tax and Accounting Firms

As 2018 begins, accountants will see an increase use of accounting technology in their firms.

In an article from CPA Practice Advisor, author Roman Kepczyk writes, “While the focus of the major accounting vendors has been on tax production and workflow automation tools, we expected to see a surge in interest in cloud based audit suites this year resulting in one of the major vendors acquiring cloud applications to deliver a comprehensive competitive solution”.

In the article, Kepczyk discusses:

• Blockchain technology
• CPA security breaches
• Biometrics becoming reality

Kepczyk continues, “While traditional CPA firms have a lock on the current assurance reporting infrastructure, the rapid transition to blockchain and the highly technical requirements will leave some resistive firms “wondering what happened?”. How is your accounting firm preparing to adapt to the technology that the future will bring?

To read more, see the full article from Roman Kepczyk in CPA Practice Advisor.