Thursday, March 02, 2006

Tax accountants miscalculating tax?!

What do you do when your tax accountant company makes a mistake when they lodge their own taxes?

The worst nightmare ever has just come true for H&R Block Tax Accountants in the US. They made a big boo-boo in filing their income taxes when they understated their tax liabilities by a cool $32 million. Not only is it a huge public relations disaster, but also it may well floor the sales and promotion of their TaxCut tax calculation software ("accuracy guarantee"). Their competitors should experience increased sales after this fiasco.

It should be interesting to see how they deal with this issue, and how will they regain people's trust again....

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