Is This the End of Your Accounting Practice?

May 9, 2017 | By Paul Latham

I have a Google Alert set for my name.

Paul Partridge must not be a very common name because I get only an occasional alert.

However, last week was different.

I woke up to 2 alerts . . .

. . . informing me that Paul Partridge had died.

Thought I’d better look into it to see if I was still relevant. Turned out to be two gentlemen from England who share my namesake that passed.

It’s a little unnerving confronting your own demise.

Sadly, in the next few years, I fear that scenario is going to play out for certain CPAs.

Specifically, those that continue to be:

backwards looking . . .

reactive . . .

focused on compliance . . .

still working in a 20th Century style.

They’re going to wake up to find out that the world has moved on and their compliance-centric accounting practice has expired.

We made a video about it.

A parable, actually.

Check it out.

[video width="1280" height="720" mp4=""][/video]

Have you heard the parable about the frog that was kissed and turned into a prince?

In this version, the frog doesn’t fare as well.