What Reform Will Mean for Tax Pros

In an article published on May 23, 2017 by Accounting Today, Larry Campagna provides his insight on how the Trump administration’s tax reform proposal will affect tax professionals. The article explains that while the move to overhaul the tax system may aim to greatly simplify taxes, it won’t mean there will be any less work for tax preparers. In fact, many CPAs could see an increase in their practice because of the planning opportunities that would arise. “Tax reform will likely affect the chain preparation outlets the most,” Campagna observes. “On the other side of the coin many people that go to these places don’t know enough to do their own returns so the chains might not lose that so much.” You may read the full article here.