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Tax Planning Question -
The CPA firm you work for, Sutton, Alexander, and Jones, has been in practice for five years. The majority of the tax work done for its clients, who are mostly small business, is the preparation of state and federal income tax returns. One of the firm's tax partners, Hugh Sutton, mentioned to you the possibility that the firm might expand its services to offer tax planning for the owners of small businesses. Write a memo to Mr. Sutton in which you discuss the advantages and disadvantages of offering tax planning as an additional service.
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In this assignment the tax planning and expansion of the business is being reviewed in form of a firm and a formal letter is being written to one of the client who previously used the tax planning service of your company and now willing to utilize the expanded services.
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