Sure, he’s not likely to revamp 1099s or change how you process new W-4s, but President-elect Obama has a long list of goals for his first year — and some of those changes will directly affect you.

Shoring up the economy is priority No. 1 for the new administration. While the expected changes aren’t aimed directly at Accounting pros, many of them could shake up some of your internal procedures.

Tightening federal regulation

Obama has said one of his goals post-credit-crisis is to keep tighter reins on Wall Street and the larger financial market. Among the plans is consolidating the regulatory system by streamlining federal agencies with enforcement power.

Even if you’re not directly affected by the moves, they should ultimately result in clearer compliance requirements for everyone. Plus, as banks have to adapt internal policies to meet new regs, the moves are expected to give bank customers better information on their options.

Encouraging updated business technology

Increased tech investment is looking like it’ll be a cornerstone of the next economic cycle, and Obama’s administration is expected to push for more high-speed Internet access across the country and the globe. Eventually, that’ll make it easier for you to interact electronically with other businesses, the feds and state agencies regarding online payments, compliance issues and everything in between.

Tags: A/P, Forecast, Outlook, Payroll, Tax compliance, Technology