Prediction # 3 – Compliance will become a commodity
Because of predictions 1 & 2 general business compliance will become a commodity. There is a market for businesses that provides commodity services. They are typically volume / price driven markets.
Compliance will not go away completely. It would be foolish to think so. How else is the government going to check that you’re paying the correct taxes? As it becomes a commodity there will be less ‘mystique’ around what accountants currently do for their money.