{"id":43054,"date":"2015-08-25t21:32:58","date_gmt":"2015-08-26t01:32:58","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=43054"},"modified":"2021-05-11t09:21:52","modified_gmt":"2021-05-11t13:21:52","slug":"how-the-1099-economy-wil-transform-accounting","status":"publish","type":"post","link":"\/\/www.g005e.com\/2015\/08\/25\/how-the-1099-economy-wil-transform-accounting\/","title":{"rendered":"how the \u201c1099 economy\u201d will transform accounting"},"content":{"rendered":"<p><strong>&#8216;uberization&#8217; disrupts the cpa\u00a0business model.<\/strong><\/p>\n<blockquote>\n<p style=\"text-align: center;\"><strong><span style=\"color: #008000;\">what&#8217;s the success formula for an entrepreneurial accountant?<\/span><br \/>\n<\/strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.research.net\/s\/traits0815\">join the survey. get the answers<\/a><\/span><\/p>\n<\/blockquote>\n<p><em>by hitendra patil<\/em><\/p>\n<p>in \u201c<a href=\"\/\/www.g005e.com\/2015\/06\/15\/patil-uberization-accounting\/\">four signs the uberization of accounting has already begun<\/a>,\u201d we analyzed the opportunities and threats for cpa firms\u2019 operations.\u00a0after some more research into the \u201c1099 economy\u201d or the \u201ccontingent workforce,\u201d the evidence all seems to point in one direction:\u00a0transformation in the business model of accounting firms.\u00a0the us dept. of labor notes that employers are seeking new ways to make employment more flexible with contingent work arrangement, and the dol recommends that the definition of employee and that of employer should be standardized and grounded in changed economic realities:<\/p>\n<ul>\n<li>53 million workers in the us are now \u201cfreelance workers.\u201d<\/li>\n<li>2 million workers are \u201ccontingent workers\u201d and this number is estimated to double by the year 2020.<\/li>\n<li>more millennials freelance than any other age group.<\/li>\n<\/ul>\n<p>these and many other findings indicate key impacts on how accounting firms will do business in future. here are some of our thoughts:<\/p>\n<p> <a href=\"\/\/www.g005e.com\/2015\/08\/25\/how-the-1099-economy-wil-transform-accounting\/#more-43054\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'><ul class=\"socialwrap row\"><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2015%2f08%2f25%2fhow-the-1099-economy-wil-transform-accounting%2f&amp;t=how+the+%e2%80%9c1099+economy%e2%80%9d+will+transform+accounting'  ><img  src='//www.g005e.com/store/wp-json/wp/v2/posts/\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) 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into the \u201c1099 economy\u201d or the \u201ccontingent workforce,\u201d the evidence all seems to point in one direction:\u00a0transformation in the business model of accounting firms.\u00a0the us dept. of labor notes that employers are seeking new ways to make employment more flexible with contingent work arrangement, and the dol recommends that the definition of employee and that of employer should be standardized and grounded in changed economic realities:<\/p>\n<ul>\n<li>53 million workers in the us are now \u201cfreelance workers.\u201d<\/li>\n<li>2 million workers are \u201ccontingent workers\u201d and this number is estimated to double by the year 2020.<\/li>\n<li>more millennials freelance than any other age group.<\/li>\n<\/ul>\n<p>these and many other findings indicate key impacts on how accounting firms will do business in future. here are some of our thoughts:<\/p>\n<p> <a href=\"\/\/www.g005e.com\/2015\/08\/25\/how-the-1099-economy-wil-transform-accounting\/#more-43054\" class=\"more-link\">read more &rarr;<\/a><\/p>\n<div class='shareinpost'>\n<ul class=\"socialwrap row\">\n<li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  href='http:\/\/www.facebook.com\/sharer.php?u=https%3a%2f%2fwww.g005e.com%2f2015%2f08%2f25%2fhow-the-1099-economy-wil-transform-accounting%2f&amp;t=how+the+%e2%80%9c1099+economy%e2%80%9d+will+transform+accounting'  ><img  src='//www.g005e.com/store/wp-json/wp/v2/posts/\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/images\/blank.gif'  height='24' width='24'  class='image-24' alt='facebook'  style='background: transparent url(\/\/www.g005e.com\/wp-content\/plugins\/share-and-follow\/default\/24\/sprite-feb-24.png) no-repeat;padding:0;margin:0;height:24px;width:24px;background-position:-300px 0px'   \/> <span class=\"head\">like this on facebook<\/span><\/a><\/li>\n<li 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