Why Taxpayers Need Tax Experts More Than Ever This Year

Kat Jennings -Why Taxpayers Need Tax Experts More Than Ever

Although I know little about football, the opportunity to learn from professional athletes is important. Jerry Kramer, former professional American football player, author and sports commentator says ”When the game is over, it is really just beginning”. This is how we should look at the the IRS Individual Tax Return 1040 Form. It received a lot of attention yesterday. Apparently, the IRS has everything it needs to file simple individual tax returns. Although the IRS is on a big push to automate everything and increase it’s access to private data of the U.S. taxpayer through machines, there is something important missing here.

Astute tax professionals know all this software does not include every tax deductions available to taxpayers. The fact that tax software may not include code for all available tax deductions for taxpayers is a quick and easy windfall for the government. Tax software does not help the taxpayer if it does not include all the available tax deductions. However, it does help the government. Taxpayers need tax experts more than ever this year given all the changes in the tax code. I would be shocked if all the new changes in the tax rules have been coded into the tax software you are now using.

Tax software is fraught with issues and implementations that most people are unaware of and are costly to the taxpayer. They are a windfall to the government though if you miss the tax deductions. This year TaxConnections asks Tax Professional Members to share with us examples they have found that would have cost the taxpayer plenty if they go by the way of tax software over human tax expertise. We welcome the opportunity to show the taxpayer how much more money they save utilizing the services of an educated tax mind.

Over the years, many tax professionals have privately shared  stories about tax deductions that were nowhere to be seen on the tax software. Why does this happen? With all the changes resulting from the Tax Cuts And Jobs Act, be smart and place your tax return in the hands of a qualified tax expert at www.taxconnections.com. Or would you prefer to allow the IRS to calculate the taxes you owe?Educated tax advisors identify tax deductions that are not even programmed into the tax software right now or perhaps ever.

“Just when you think the game is over, it is really just beginning”.

Join TaxConnections and we will educate you how to stay ahead of game!

 

 

Kat Jennings, TaxConnections, CEO and Founder and Advisory Team provides three areas of services: 1) Internationally recognized, retained executive search services for multinational corporations, public accounting firms, and law firms; 2) Introductions of sellers to buyers of small and medium size accounting firms; and 3) Provide brand building and education services that support and prepare accounting firm owners to buy/sell an accounting practice. We focus on educating the journey to sell a practice and how to increase firm revenue prior to any sale. Our program ensures you start years prior to a sale by learning what is expected of you during the selling process, and introducing firm Partners to cross selling opportunities that are easy to implement and reduce your workload at the same time. We introduce you to value added connections to smartly grow revenue in your accounting practice.

Kat Jennings has been retained by organizations worldwide to locate tax professionals with highly specialized tax knowledge and expertise. She has a thorough understanding of the tax business community, with a proven record of stellar performances matching professionals with organizations. Bringing two parties together to work successfully is the art of understanding personalities, cultural fit, expectations by both parties, flexible or inflexible work environments, understanding what drives and motivates each party, and revolves around the personality and ethics of each executive team.

Kat is a widely recognized expert in high level, tax executive search, as well as connecting buyers and sellers of accounting firms. TaxConnections provides and educates small to medium size accounting firms owners and Partners how to prepare and sell their firms so they can build a succession plan for their retirement. With larger firms seeking to acquire smaller accounting practices, there is a real need to help firm owners prepare to be acquired. Most firm owners are unaware they are not ready to sell when they decide to retire. TaxConnections educates firm owners’ what they need to do years in advance of selling an accounting firm practice.
Senior tax executives expect the utmost privacy when being introduced to multinational organizations about a new tax opportunity under consideration. Having said that, companies searching for a new head of tax expecting tax executive candidates to submit their resume through a resume portal, will never see a full slate of outstanding tax executives available due to a candidates’ desire for greater privacy. This is why privacy focused Uber Tax Recruiters consistently outperform in-house recruiters on tax executive searches.

We offer our clients a Performance Retainer Agreement arrangement so their HR department can still recruit and compete with the tax candidates we present on Head of Tax searches. The client pays us a partial fee upfront, and if they find a candidate they deem better than we introduce to them, we forfeit the final fee. Most of the time, they love and prefer our private introductions to tax executive candidates better than what they source through their own resume portals.

When we represent selling/buying small to medium-sized firms, firm owners/partners also demand greater privacy when considering the sale of their practice. TaxConnections provides a safe place to discuss their business needs, elevate their practices’ online reputation, and increase revenue through new streams of business development by outsourcing work and partnering with other firms. Over three decades, we have worked tirelessly to build relationships between firm owners most organizations rarely have access to in the world of tax. There are numerous possibilities you may never have considered previously to bolster the value of your practice and service offerings.

As a globally recognized consultant to multinational organizations, accounting firms, and law firms searching for tax expertise, Kat has been retained by public accounting firms, law firms, and corporations worldwide including Apple Computer, AC Neilson, Accenture, Agilent Technologies, Allergan, Alza, American Express, American Media, Aon, Baker & McKenzie, Barclays Bank, Bechtel, Cargill, Carl Zieuss Vision, Century Aluminum, Chevron, Clorox, Citigroup, Commercials Metals, Constellation Energy, Countrywide, Del Monte, Deloitte Touche, DFS, DLA Piper, E&J Gallo Winery, Electronic Arts, Ernst &Young, Fox Entertainment, Fremont Investments, General Electric,General Motors, Herbalife, Hewlett Packard, Hyatt, Intel, Jones Lang LaSalle, Kimco Realty, KLA Tencor, Koch Industries, KPMG, Levi Strauss, Liberty Mutual, LKQ, Loews, Logitech, Lucas Film, Maersk, McKesson, Nalco, Newell Rubbermaid, Nissan, Oracle, Orbitax, Pacific Gas & Electric, PwC, QAD, SAIC, SanDisk, Sanmina, Sempra Energy, SONY, Synopsys, Ticketmaster, Trimble Navigation, Toyota, Univar, Wal-Mart, Wells Fargo, Vertex, Yahoo, Xilinx, and many more not listed here.
Contact Kat at 858,999.0053 Office/858.232.4415 Cell or kat@taxconnections.com to request a private consultation regarding the sale of your practice, adding top talent to your organization, or merging your practice with another firm owner with a book of business. The possibilities are endless; if you have a dream of a new vision for your professional life; we will scout opportunities throughout the market to make it happen.

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