Wednesday, February 15, 2012

CHANGES IN THE TAX CODE

Several years ago one of my son’s said that he was thinking about becoming an accountant.  I told him that it was a good profession and listed the advantages and disadvantages.  One of the advantages was that you have to keep learning because things keep changing all the time. 

Here is an example:
I just read a report stating that there have been 4,428 changes have been made to the 3.8 million-word code over the past 10 years, including an estimated 579 changes in 2010 alone.  See why the tax structure is so confusing?  That is why Kopsa Otte spends thousands of dollars and hundreds of hours each year reeducating ourselves.

By the way, my son decided to open a Arby’s restaurant.  Roast beef does not change every year.