As the CEO of TaxConnections, it is important for tax professionals who may find themselves out of work to learn from my years of tax recruiting expertise. Although there will be major layoffs after tax season, I guarantee you that tax professionals will thrive this year and beyond. All of the money that is being provided through the Stimulus Bills coming of Congress will result in massive tax increases. Companies we are talking to now are asking us to help them staff their corporate tax organizations. Many corporate tax professionals working in multinationals have been working remotely all hours of the day for years so they will continue to do the same. These are the smart organizations who understandably know the future will bring increased tax rates. TaxConnections makes it easier for organizations and people to find tax experts to hire searching on our niche tax platform.
During times of uncertainty people behave differently in how they handle their lives. There are tax professional baby boomers who will now retire early because they are ready to do so. These tax professionals do not want to start all over again learning about the tax law changes due to tax reform; they know they must tool up for tax software technology; and they will simply retire earlier than companies expect. As a result, many new tax roles will open up and tax opportunities will abound for technically trained tax professionals. Other tax professionals will take a wait and see approach and will discover later they wished they moved to the front lines sooner; and then there will be tax professionals who simply do not take any action. Tax professionals who take action today to raise their online visibility will thrive with more opportunities coming to them.