...give everyone the incentive to earn more instead of spending so much time and money trying to beat the tax man.
It means their clients will end up with more beans for the accountants to count - the accountants will be ok.
They will take care of themselves. All you have to do is look at the incredible proliferation of new accounting pronouncements and new required financial statement notes in recent years to understand.
“give everyone the incentive to earn more instead of spending so much time and money trying to beat the tax man.
Does this mean accountants are going to hate it? :-)”
One of our younger relative’s tax CPA apparently had some early warning on this. The CPA discussed what he apparently knew about Trump’s tax plan
His CPA told him that most of us would like this plan, except for liberals.
Also, the CPA said that he would not need a CPA to do his taxes. He could use standard deductions and do it on line.