Technological Transformations in the Accounting Industry

Technology is transforming a variety of industries, and the accounting industry is definitely in the mix. In fact, accounting firms that hesitate to update their technological resources may risk losing business or potentially closing their doors for good. There are three types of accounting firms, according to Jon Baron, a writer for Thomson Reuters, and roughly one-third of them are dooming themselves to extinction by not embracing change and technological transformation.   According to Accounting Today, in a keynote address to the 1,700 attendees of the company’s annual user conference, Synergy 2017, the managing director of the professional segment for Thomson Reuters’ Tax & Accounting business broke the profession down…