2. THE FUTURE OF ACCOUNTING INDUSTRY
Short Term Update – Known
Long-Term Update – Complete Guess 2

3. Short-Term Update Revenue Recognition – 2018 Public, 2019 Private
Lease Accounting – 2019 Public, 2020 Private
Tax Reform – 2017, 2018, 2019, 2020,….
Cloud Internal Accounting Systems
Accounting Firm Consolidations
Labor Shortage 3

4. Long-Term Update Private Company GAAP Implemented
Technology Simplifies Compliance Process
Tax Reform – 2021, 2022,2023, 2024, …
IRS Prepares Simple Tax Returns
VAT Tax is Implemented
End of Time-Based Billing
Accountant Becomes Full Time Consultant 3

5. Your Future Compliance Accountant

6. Steven Murphy | Tax Partner
Thank You !
Steven Murphy | Tax Partner
M o o r e  C o l s o n p
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