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The Accountants’ Full Employment Act?
Source:
taxprotoday.com
- Dec 20, 2017
Among CPAs, it’s common to hear a major piece of tax legislation called “The Accountants’ Full Employment Act” -- and the Tax Cuts and Jobs Act is no different.
Having passed in the Senate in the early hours of Wednesday, and with only a purely procedural second vote in the House due Wednesday morning, the legislation was originally aimed at simplification, but will, in fact, leave many taxpayers more in need of expert advice than ever.
“Most tax bills do provide additional business to accountants because of the planning work that is required,” said Steve Danner, a tax partner in the South Florida practice of Cherry Bekaert. “The new law contains some very complex provisions that will require additional work in determining what is the best course of action for our clients.”
Category: General Business
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