(08-11-2022, 10:01 PM)p_rushing Wrote:

(08-11-2022, 11:23 AM)KingIngram052787 Wrote: Accountants don't want it simpler, either.  The more complex, the more business they get.  They have PACs to protect their profession just like all other lobbyists.

Most of the personal tax accountants that aren't dealing with small businesses are just using the software that you can buy yourself and answer the questions yourself. They really have no control over anything and frankly aren't worth the money you pay them.

The owners of those companies definitely don't want to simplify it.

Corporate taxes will never be simple so those jobs are always safe.

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Most of them have some small business clients.  They're dealing with it because typically an individual (other than someone who just has a W2 and nothing else) has some form of LLC or S-Corp that is flowing through to their personal return, so they just have the accountant deal with it all.  A lot of these really small accounting firms also provide outsourced payroll/HR functions to these businesses so it makes sense to just have them do all of the filings.   

You're right, it is a lot more complicated for larger corporations and is a huge headache for the smaller guys, but trust me it keeps the money flowing.  Think about the PPP loans and all of the documentation you needed to provide to qualify and get forgiveness.  You think any of these small business owners that have a few employees have any of those records, of course not, they call their accountant to deal with it.

Of course the PACs are all driven by some of the larger guys. The AICPA and FICPA and i'm sure other states' societies all push for you to donate to those campaigns to "protect the accounting profession."

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