Is Your Accountant Current or are They Sadly Behind the New Regs.

The conclusion of the Sage Small Business Sentiment Survey is that in the U.S. 74% of small business owners use outside accountants because of the complexity of the tax law (68% of small business owners in Canada do so).

But in studies many of these outside accountants are not keeping up or doing all they could for their clients. Again because of the complexity of the tax code. It requires lots of attention and study to keep up and to stay current with tax laws and case study and sadly many accountants are failing to so do.

So be sure and check to see your accountant is staying current and don’t be afraid to ask for a review of your return and the tax strategies involved. If your accountant can’t explain it to you they can’t explain it to the IRS either. As the old adage goes “trust but verify”.

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