Poll Finds Opportunity for CPAs and Financial Planners
Results of a recent poll conducted by the financial services firm of Morgan Stanley show that more than half of American taxpayers plan to seek financial advice regarding the ways in which the new tax laws affect their personal finances. Furthermore, 40 percent of those surveyed said they are very likely or somewhat likely to consider finding a new source of information about the tax laws.
Morgan Stanley interviewed 1027 adults, a group made up of 514 men and 513 women 18 years of age and older living in private households in the United States.
"Even though the new tax laws mean new investment opportunities to millions of Americans, this survey demonstrates investors need help to understand the potential benefits to their investment portfolios," said John Schaefer, President and COO of the Morgan Stanley Individual Investor Group.
The survey results underscore the potential for tax planners and financial advisers to provide focused services regarding the new tax legislation.
AccountingWEB Members can Order the Client Tools for Economic Growth and Tax Relief Reconciliation Act of 2001.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.