Harvey Mackay: Accountants & Losing Kids
on Wednesday, April 6, 2011Harvey Mackay Money Quotation saying accountants can be worth far more to us than their cost suggests – if they act as advocates for maximum value. Harvey Mackay said:
“Day in and day out, your tax accountant can make or lose you more money than any single person in your life, with the possible exception of your kids” — Harvey Mackay
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This quote from Harvey Mackay emphasizes the important role that tax accountants and tax planning can play in a person’s financial situation. By properly structuring one’s finances and filing taxes strategically, a skilled tax accountant has the potential to significantly reduce a taxpayer’s tax burden and put more money back in their pocket.
According to Mackay, this savings on taxes each year, compounded over time through investments and business decisions, can greatly impact a person’s net worth. So in that sense, a competent tax professional who finds legal ways to minimize obligations could financially benefit their clients more than perhaps any other single advisor or individual.
The quote suggests carefully managing one’s tax situation deserves close attention equal to other important financial matters.