How to Thrive as a 21st-Century Firm

Computer monitors morph into chain links"Professional staff without higher-level skills will be out of the business."

By Frank Stitely
The Relentless CPA

If you believe accounting industry pundits, artificial intelligence and blockchain will decimate accounting firms the way an asteroid killed off the dinosaurs. But paleontologists don’t think dinosaurs really went extinct. They survived as today’s birds. In the next 10 years, or sooner, accounting and tax firms will evolve from offices full of employees dutifully typing data into workstations to organizers of terabytes of accounting data for our clients.

MORE: 7 Steps to Effective Project Management | How Many Tax Preparers Do You Need? | How the Annual Tax Meeting Died | How to Be the Chief Communicator | 4 Steps to Take Before Next Tax Season
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The pundits are wrong about our extinction. Effective project management will prepare your firm to thrive in the 21st century. I'll take you there in a bit of a roundabout way via the coming of blockchain to the IRS.

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Frank Stitely



About the Author

Frank Stitely, CPA, CVA, is the managing member of Stitely & Karstetter CPAs in Chantilly, Va., and leader of Clarity Practice Management.

He is the author of

The Relentless CPA,
available exclusively from CPA Trendlines.

He graduated Summa Cum Laude from Clarion University and received the Elijah Watt Sells certificate in recognition of his performance on the CPA exam. His professional affiliations include: The American Institute of Certified Public Accountants, Virginia Society of Certified Public Accountants, President of the Association of Professional Accounting Software Consultants, Member of the Sage Software Small Business Certified Consultants' Steering Committee, Member of the National Association of Certified Valuation Analysts, Chair of the Audit Committee on the Board of Directors for Christian Relief Services, Maryland Society of Accountants, and the National Society of Tax Professionals.

Click here for more by Frank Stitely