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Our Warning About NJ Accountants

Our Warning About NJ Accountants

Here we go about accountants again.  A few nights ago NJ CPA and Business Broker Brad Palmer was watching TV around 4 AM. An ad came on where a woman was sitting at a desk in her office late at night. She was considering a business problem and was perplexed as to what to do. Finally, she found the answer. A narrator comes on and asks: “Ever wonder where people who have all the answers get all the answers?” The answer is xxxxx, an accounting firm.  The ad concludes with “at xxxxx, we have all the answers”.  (And a big set of balls as well.)

In one of our previous blogs, Brad wrote about what to look for in An accountant who tries to sell you insurance and investments on a commission basis.  Anyone selling on a commission basis will generally place his or her own interest ahead of yours. It’s just human nature.

Beware of an accountant who likes to play an attorney. A lot of accountants cannot seem to know what is best for your business.

Here is what to stay away from:

Understand the distinction between accounting, tax advice, and legal advice. If an accountant starts advising you on your rights, duties, and obligations, he or she is playing lawyer. Get a real lawyer if you need one.

An NJ accountant who claims to be an industry “expert”. Very few accountants are an expert on anything, with the one exception perhaps being an accountant.

An accountant who tries to sell you expensive consulting services. What is this person consulting on? Are they trying to borrow your watch to tell you the time?

An accountant who condones tax fraud by understating income and overstating expenses, or who encourages ridiculous positions concerning tax law. Trust me, if you get audited, the accountant will throw you under the bus.

Oh, and by the way, in addition to being a business broker Brad Palmer is also a C.P.A.

#Accountants #NJAccountants #NJBusinessBroker #BradPalmer

NJ Accountants

NJ Accountants

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