What will be the biggest change over the next five years in the ways tax and accounting firms operate?
The growth and acceptance of outsource accounting and bookkeeping for businesses of all types and sizes. This shift has already started. In the under $20M market, businesses are being educated and learning the benefits of moving away from the traditional in- house accounting staff who is usually unsupervised and not held accountable on a daily basis towards the concept of a professional firm whose only focus is the daily accounting and preparation of timely and accurate monthly financials.
"OSI is paving the way for this new industry and shaping an industry that is just the beginning to show businesses how to develop accounting policies and procedures, communicate, and track financial information. The term outsourcing is associated with offshoring, which is the transference of jobs from the United States to overseas. This is another area that i believe will change in the next five years. From the beginning, OSI positioned itself as an outsource but not offshore provider. I believe that there are uncounted numbers of qualified persons in the United States, and, with the available technologies described above, we are building a 100 percent U.S.-based workforce- all working on a telecommute basis from their homes. In the short run, foreign labor is less expensive. In the next five years, I believe that this gap will narrow as world economics change." |