Tax Accountants

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Friday, 6 November 2009

Who can you trust?

Posted on 15:54 by Unknown
The world is a scary place, and Congress makes it even scarier for taxpayers with the insanity called the tax code.

And of course, there is much more to life than tax. (Many are likely shocked to hear me say it.) To function with so much variety in life, our modern economy relies on specialization of labor, so that different people become educated and trained in different things, and we trade.

Each day, we decide what to trade for. Perhaps the most important decisions we make are related to choosing service providers: doctors, dentists, lawyers, accountants, and so forth. These can also be the most challenging decisions because human beings are much more variable and unpredictable than a simple widget.

When you choose a service provider, you do your best to find the right person, and hope you choose wisely.

The more time I spend in our profession, the more I come to realize that clients are looking for someone to trust. That's why referrals are usually the most successful way to generate new business. Stacie Clifford Kitts has a good post on the topic of referrals.

Of course, the biggest hurdle most people face is that they cannot afford the best service providers. And some people who can afford them are just too cheap. And so, for everything from medicine to tax, people turn to the Internet.

Robert Flach provides and interesting discussion on the issue of tax advice online in his post: Who can you believe? Jim Maule also provides a great discussion in Tax Illiteracy as a Threat.

Alas, I do not have the answer for how to ensure people get access to credible tax information. Robert provides some good tips for people to use in evaluating whether a person espousing tax advice is trustworthy. If I didn't need to earn a living by charging for the value of my services, I could spend all of my time combating tax illiteracy. Instead, I'll need to settle for doing what I can to educate in my own communities while working around "my day job."

I do hope that people can start to do a better job of simply using good judgment. It's amazing how much trouble can be avoided by making good decisions.

In a barely related note, often when I think about choosing wisely or poorly, I remember the line at the end of this gruesome scene from Indiana Jones and the Last Crusade. "He chose poorly." Gotta love the understatement.
Email ThisBlogThis!Share to XShare to Facebook
Posted in Accounting and Auditing, CPAs, Ethics | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Obama targets multinational corporations
    The President spoke today of his administration's plans to increase the amount of taxes paid by U.S.-based multinational corporations. ...
  • And so it begins
    Spending a beautiful Friday afternoon with four kids running around (only two are mine), I took a moment to check Twitter chatter, and was e...
  • Thanks guys and gals
    Just wanted to say a quick thanks to the expert guys and gals who have mentioned me in their online writings. After all, the jury may still...
  • An Inconvenient Tax
    Recently, I posted about my concerns that those seeking tax simplification were not effectively represented in Washington. I thought about ...
  • Speaking out
    Kudos to Joe Kristan for encouraging us to write our senators, and providing links to do so, to speak out against the S corp tax in the ex...
  • What I missed
    After a much-needed vacation (my first of the year), I'm making my way through the 1000+ unread items in Google Reader. Here are a few ...
  • Slacker
    I'm a blogging slacker. I hesitate to post when I haven't kept up on all the other blogging out there, which is really hard to do. ...
  • When tax preparers attack
    The battles continue in the tax blogging world. After a lengthy and thorough debate on tax preparer regulation (tax pros are good at thoro...
  • Fair is fair
    As a nation we have grown accustom to certain tax benefits, including the exclusion of health insurance benefits from income. For most of my...
  • Where do I sign up?
    I'm still new to this tax blogging world, but I've certainly read enough to know that I am not alone in thinking tax law is way too ...

Categories

  • Accounting and Auditing
  • Blogosphere
  • California
  • Celebrities
  • CPAs
  • Education
  • Estate Tax
  • Ethics
  • Health Insurance
  • IRS
  • Obama Administration
  • Tax Enforcement
  • Tax Policy
  • Tax Preparation
  • Tax Professionals
  • Tax Reform

Blog Archive

  • ►  2012 (1)
    • ►  September (1)
  • ►  2011 (2)
    • ►  June (1)
    • ►  February (1)
  • ►  2010 (18)
    • ►  August (2)
    • ►  July (2)
    • ►  June (2)
    • ►  May (4)
    • ►  April (2)
    • ►  February (2)
    • ►  January (4)
  • ▼  2009 (40)
    • ►  December (1)
    • ▼  November (4)
      • Just to make a point
      • Maybe next year...
      • Who can you trust?
      • Do something
    • ►  October (3)
    • ►  September (6)
    • ►  August (6)
    • ►  July (6)
    • ►  June (4)
    • ►  May (8)
    • ►  April (2)
Powered by Blogger.

About Me

Unknown
View my complete profile