Remove Accounting Firms Remove Reconciliations Remove Tax Planning
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How Advisors Can Offer Tax Planning And Stay In Compliance

CFO News Room

And the consequences for incorrect tax advice can include legal and financial penalties if a client were to be harmed by the wrong advice – which is often not covered by the firm’s E&O insurance –creating an expensive liability when tax advice goes wrong.

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Transcript: Gary Cohn

Barry Ritholtz

There’s ways around that during reconciliation for budget bills and things like that. Partnerships, law firms, accounting firms go down the list. 01:19:23 [Speaker Changed] I i I think that we’ll say, Hey, this tax plan worked pretty well. 01:19:36 [Speaker Changed] Absolutely.

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