These and many other findings indicate key impacts on how accounting firms will do business in future. Here are some of our thoughts:

In “ Four Signs the Uberization of Accounting Has Already Begun ,” we analyzed the opportunities and threats for CPA firms’ operations. After some more research into the “1099 economy” or the “contingent workforce,” the evidence all seems to point in one direction: Transformation in the business model of accounting firms. The US Dept. of Labor notes that employers are seeking new ways to make employment more flexible with contingent work arrangement, and the DoL recommends that the definition of employee and that of employer should be standardized and grounded in changed economic realities:

What’s the success formula for an entrepreneurial accountant? Join the survey. Get the answers

Hitendra Patil

About the Author

Hitendra R. Patil, the author of Accountaneur: The Entrepreneurial Accountant, has been named one of the Top 100 Most Influential People in Accounting and among the Top 10 Accounting Influencers to Follow on Social Media.

He provides insights to the accounting profession about practice growth, entrepreneurship in accounting, client accounting services, and emerging technologies, such as artificial intelligence, machine learning, blockchain, and cybersecurity.

Click here for more by Hitendra Patil

Patil serves as the director of customer success at AccountantsWorld, responsible for helping accountants become more successful by leveraging AccountantsWorld’s software solutions more powerfully and advancing the company’s leadership in cloud solutions for accountants. AccountantsWorld is a leading provider of cloud-based solutions for accountants, offering a complete, integrated suite of innovative accounting, payroll, and practice management solutions that help accountants work collaboratively with clients to foster greater client loyalty and improve practice bottom lines.

Prior to AccountantsWorld, he worked as the chief operating officer of Pransform Inc., a processing solutions provider for small- to medium-sized accounting, CPA and tax firms in the U.S. Before that, Hitendra was the assistant vice president of global financial services at Viteos Technologies.