July 29, 2008   

Editor's Note

It's always exciting to see new legislation come down the road that will provide additional opportunities for accountants to continue to make a living. The new Housing and Economic Recovery Act of 2008 that is awaiting President Bush's signature promises to befuddle many the taxpayer and, from an accounting standpoint, that is good news. Whether you agree or not that it makes sense to take the tax dollars paid by taxpayers who aren't having financial problems and siphon them off to people who have gotten themselves into housing messes, there's no argument that additional tangling of the Tax Code means more people will be knocking on the doors of their accountants. Is that why we keep voting for these legislators?

Best regards,
Gail Perry, CPA
Managing Editor
AccountingWEB, Inc.

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