Prediction # 2 – Governments will simplify compliance
We can debate all day long the effectiveness of any given government at any time. My view is that the government exists to serve the people. In serving the people it collects taxes and then spends the collection on facilities to make our lives better. That’s the theory!
Governments want to be re-elected – all the time. Because of this driving force they want to please the people they serve. When it comes to business owners it is my belief that they will continue to find new ways to simplify the red tape and compliance that business owners have to go through. This will drive less need for the traditional accountant.