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Showing content with the highest reputation on 06/15/2018 in Posts

  1. I trust that everyone on this forum knows their client base and how the changes to the tax law might affect their behavior. But HRB is a large company with numerous resources to evaluate their business potential going forward. I doubt they are making the decision to close those offices on a whim. If I were following a business model which paralleled that of HRB in any meaningful way, I'd feel compelled to consider the implications of their business decisions and what their conclusions might suggest for my own future prospects.
    2 points
  2. I agree with you, John. I think that if I did a lot of EITC returns, or returns with itemized deductions being the main separation from a short form I would be very concerned. And even though I don't anticipate much impact on my business (at least not right away) I do suspect that if I want to sell my business and retire in a year or two, or four or five, this will probably impact the marketability of a tax firm in general. Time will tell - and it would be interesting to see if they anticipate growth in 2025 when the laws for individuals will revert back to their current status. I think it is 2025 - I don't plan to be in business that long.
    1 point
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