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Letter: Vote No on Taxing Accounting Services

I am a local CPA.  I am writing to make certain your readers are aware of a proposed bill in the state Senate that would, in effect, require many taxpayers to “pay a tax on paying their taxes.”  I refer to Section 22 of Senate Bill (SB) 877, “An Act Concerning Revenue Items to Implement the Governor’s Budget.”  Section 22 would require taxpayers to pay state sales tax on tax return preparation and accounting services, thus “a tax on their taxes.” 

I am urging that Section 22 of Senate Bill (SB) 877 which will require taxpayers to “pay a tax on paying their taxes” be rejected.  My clients are doing their best to voluntarily comply with the law by engaging me to assist them in preparing their federal and state tax returns. Taxpayers engage professional assistance because our state and local tax codes are complex, convoluted, and voluminous. The rules have grown so difficult to interpret and apply, that we CPAs, have been required for years by Connecticut law to complete 40 hours of continuing professional education annually, to stay abreast of the newest rules and changes. A proposed tax on tax preparation services will rub proverbial “salt in the wound” of my clients, who, under the federal tax reform of 2017 have already lost the ability to deduct the fees they pay for professional assistance in preparing their tax returns.

Please vote NO on any proposal to place a tax upon tax preparation and accounting services. Please reject Section 22 of SB 877.

Sincerely,

Anthony F. Parillo CPA

 

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