Which Presidential Candidate Tax Plan Will Keep The Largest Number Of Tax Professionals Employed?
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Whenever a Presidential Election comes around everyone is talking about taxes and the IRS. With more than 3 Million tax professionals in the United States alone and business related to taxes in the hundreds of billions of dollars, it certainly would be nice to have tax professionals provide their perspective on the issue.
Here are the Presidential Candidates and their respective tax plans as we looked for them on their campaign sites. We ask all tax professionals to comment on one or any of the tax plans put forward by the 2016 Presidential candidates.
PLEASE COMMENT IN THE BOX BELOW. YOUR OPINION AND VIEWS ARE IMPORTANT!
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.
7 comments on “Which Presidential Candidate Tax Plan Will Keep The Largest Number Of Tax Professionals Employed?”
Ted Cruz will not be able to “abolish” the IRS. Under both Trump & Clinton the complexity of tax will increase.
Ted Cruz tax plan is the best of the candidates for the country. It will spur economic growth. For fairness we must move to either a flat tax or the fair tax. Both will spur growth and both will allow massive reduction in the size and power of the IRS. The IRS is too big and too corrupt to be allowed to continue.
The democrat tax plan is status quo with increased tax rates.
Their plans will kill our economy.
Well. I was able to get directly to both Republican tax plans, the Democratic web-sights did not take me directly to the details, Clinton’s just wanted a donation right up front, and Sanders’ was hard to find. So if I can’t find them in five minutes of searching, they’ve lost me.
I am a small business owner, and happen to do accounting and tax work. So far, I prefer the Trump plan. I think a graduated tax structure is more fair. The Cruz plan is a joke, it won’t happen. I think we just need to simplify a bit and cut out all the loopholes and special deductions, etc. Lots a people try to abuse them. I despise the AMT and the earned income credit.
All of them will they want a reform but have no clue how this tax become such a giant task. This is the only money maker for the govt so a rewrite no just more crazy addons that will insure that as EA we are employed forever. Thank you Mr/MS President.
Trump and Cruz will add to the $250,000 in federal debt that already burdens each member of the Millenial generation, and will aggravate the concentration of wealth that is undermining our demand-constrained economy. The Sanders plan will result in accelerated loss of U.S. corporate headquarters, the last good jobs in America, as our companies are acquired. Hillary’s “plan” won’t do anything and we will continue our death spiral. We need Shared Economic Growth. http://digitalcommons.pace.edu/plr/vol35/iss3/4/ I hope Senate Finance comes through with the right thing.
Be cautious as to the words and the missing words and terms. For example, Ted Cruz says “abolish the IRS as we know it.” People should know a government has to have a tax collector and enforcer. He doesn’t say what the change will be but also offers misleading statements implying that the agency targets folks.
Cruz’s 10% tax, which he has also labeled as an income tax, appears to really be a consumption tax at least for businesses as they would expense their assets upon acquisition. Details would be good to know if he is pushing the famous Hall-Rabushka flat tax (which is a modified subtraction method VAT).
It is interesting that Cruz will keep the child credit and EITC along with a large exemption for low-income individuals. This is quite a contrast to the last presidential election where Governor Romney often lamented that 47% of individuals paid no income tax (while not noting that the average income of these folks is about $30,000 and many are already paying 15.3% payroll tax + excise taxes and state taxes).
Secretary Clinton (and the others) is also missing a few details. What will the education tax changes be? Her website says she would make the $2,500 American opportunity tax credit permanent. Well, that already happened with legislation enacted 12/18/15 (PL 114-113).
Clinton and Sanders both talk about some form of free college education? That’s quite an expense. Why not target that based on need and expand it to cover trade school (which should also help the economy).
We should ask for specifics of the tax proposals as it is difficult to adequately critique broad statements.
I’m Republican at this point–there was no link to Clinton or Sander’s tax plans–why not ???
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