Many tax professionals shuddered at the potential impact on their industry, fearing that the art and science of tax planning and preparation could become archaic. But in the fourteen months since the bill was passed, tax professionals have realized that’s not the case. “The TCJA is the biggest tax law change since the Tax Reform Act of 1986. “There are many new tax planning and reduction opportunities that are not available in tax software.”As Americans face their first tax season under the new law, they may need their tax professional more than ever. “The new tax law is very confusing, and the costs associated with hiring a knowledgeable tax professional ‎are generally more than offset by the tax savings enjoyed as a result their expertise.”And that is good tax advice.

Source: Forbes February 02, 2019 11:26 UTC