Any accounting service in Orlando, when rendered to the clients, demands a certain degree of ethics, to maintain the credibility of the Orlando accounting service provider as well as the client. Similarly, ethics form an integral part of accounting services and it is absolutely necessary for an accountant in Orlando to be ethical in their practices.
Most of the times, it is the clients who want their accountant in Orlando FL to undertake unethical practices to avoid giving the complete amount of taxes that is due to them. An accountant Orlando FL must know how to deal with such clients without compromising their principles.
Dealing with an unethical client does not only jeopardize their credibility but it also puts an accountant’s ethics under question. This means that if the accountant in Orlando FL is not careful in dealing with such clients, then not only will their image as an Orlando accountant get hurt but their tax agent registration can also be evoked by the authorities which will leave a very bad impact on their career. From the very beginning, you should be straightforward with your client about your principles so that they will not try to get you involved in anything unethical. Make sure that your contracts clearly mention your emphasis on ethics and the level of honesty that you want from your clients while rendering them your accounting services in Orlando FL.
Orlando accountants should put disclaimers in their offices saying that all the information that they have filed in the tax return was giving by the clients. This means that if there was any discrepancy in the records, then it was the fault of the client and not the accountant because they were kept in dark themselves.
Another step that the Orlando accountants can take to make sure that they do not get involved in any unethical practices is that they can ask their clients to sign a waiver. This means that they should ask their clients to take the responsibility of all the information that they have provided to the accountants as being correct and without any mistakes or evasions.
No business man wants to pay more tax than what is due to them. As ambiguous as tax laws can be, there are still certain ways by which an accounting firm in Orlando can help you save tax by legal means. Using illegal means or showing transactions that really did not take place to save your tax is not only a foolish mistake but it is also highly unethical.
There are professional accountants in Orlando FL who are proficient in tax laws and are aware of all the articles and clauses that can help you save tax in the legal manner. Therefore, businesses should hire professional accounting services Orlando in order to save taxes rather than indulging in any unethical activity.
American Institute of Certified Public Accountants (AICPA) and Institute of Management Accounts (IMA) have their own code of ethics that the accountants should follow to avoid any unethical practices. These codes help maintain the honesty of the profession that is absolutely necessary for all the professions.
If you need more information about our accounting and tax services, please contact us at 407-502-2400. Freedomtax Accounting’s staff has been providing honest accounting services and tax services for 15 years. Our Orlando accounting and tax firm has its main offices in Kissimmee, FL. Our services are provided nationwide, but mainly in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, and Hunters Creek, FL. Our tax accountants and IRS enrolled agents (irs ea) specialize in corporate accounting and bookkeeping, tax services, tax preparation, back taxes help, tax debt relief, tax resolution, tax planning, itin numbers, incorporations, and non profit 501c3 tax exempt status applications.