Here are the top ten accounting trends that accounting professionals & CPAs should focus on in 2016, predicted by Accounting Today.

1. 10 Accounting Trends to
Watch Out For in 2016

2. In the world of accounting,
change is the only constant. It is
essential that accounting
professionals know the trends to
make the best out of the
opportunities offered.
Here are the top 10 trends you
should be aware of for success
in 2016.

3. #1. No Walls, No Barriers
With Cloud technology a firm is no longer
restricted to a single location.
Who will Benefit: Small and start-up firms
#2. More power to the MP
With the realization of the importance of a
centralized structure, marketing partners
are gaining more powers.
Who will Benefit: Midsize and larger firms

4. #3. Spying on your clients
With the help of social media you can
know what your clients are thinking and
doing.
Who will Benefit: Firms of all sizes
#4. Outsourcing
Cloud tools have made outsourcing easy.
They have opened easy doors for
providing outsourcing services.
Who will Benefit: Firms of all sizes

5. #5. Obamacare Opportunities
Obamacare is really complicated. Helping
your clients understand this new act will get in
more revenue.
Who will Benefit: Firms of all sizes but mainly
those serving SMBs
#6. Becoming More than
Experts
Just being an expert is not enough - be
a “Thought Leader”. Show off expertise
in areas beyond just accounting.
Who will Benefit: Firms with different
client groups

6. #7. Keeping Secure Communication
Security has become a paramount concern. It is
necessary to have secure channels for
communication.
Who will Benefit: Firms of all sizes
#8. Go International
Cloud has literally removed all boundaries.
Acquiring clients from the other side of the
globe has never been easier.
Who will Benefit: Everyone,
Everywhere

7. #9. Co-Operative Internships
Small firms banding together to offer
scholarship programs can help in easier talent
acquisition.
Who will Benefit: Firms of all sizes but mainly
those serving SMBs
#10. Trust Tablets
Tablets are no longer just cool toys.
Employing them in day to day activities
provide a huge boost to productivity.
Who will Benefit: All professionals

8. About Us
Ace Cloud Hosting powered by Real
Time Cloud Services (RTCS), is an
Authorized commercial QuickBooks
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10. References:
20 Trends to Watch - Accounting Today
Top 3 Tax Issues That Matter in 2016 – Ace Cloud
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