When Caught in a Tax Hike, Catch Your Chartered Accountant!

Tax hikes are round the corner with the November elections in the US, and you better be looking around for your trusted chartered accountant! Why? Simple – because most of the firms will turn topsy-turvy with each tax policy change and most of us wouldn’t know how and what to do with our finances till long after the tax damage has been done.



In 2001, Bush’s tax cuts did it. And in 2010, new changes in tax policy, possibly hikes, are going to ruin the finances again. Since the revenue from the tax dividends had dwindled over the years to the recent recession-inflicted downfall, the tax rates are bound to shoot upwards.

However, what is the most terrifying of threats in the financial industry of late – is the increasing expenditure in the wars being led by the US government in Iraq and Afghanistan. Add to this the costs incurred in planning and executing military exercises with countries like South Korea and also strategic intelligence and covert operations in rogue nations – and you have much on the taxpayers’ hand to stare at in disbelief!

So while most of the firms have already started hiring the best of chartered accountants from London and elsewhere, chartered accountancy agencies are also in good business terms as of now. All that may change for them come November elections in 2010, but only for the better!

And if you are still worried on how much tax you are going to pay, try engineering a research and analysis onto the recent tax policy trends form the government. And hire a veteran chartered accountant right now!