Every time the Congress tries to simplify the Internal Revenue Code, it becomes more complicated and more tax forms are required.

These “simplifications” have created a need by businesses and certified public accounting firms for employees who have the knowledge of accounting and business transactions and are able to convert that into tax return preparation and tax savings by understanding the tax laws.

It is acceptable to arrange your business affairs to pay the least amount of taxes as legally possible. This is accomplished with an understanding of accounting transactions and taxation law.

The goal is that the graduate will be able to apply their accounting and tax knowledge to a company’s tax department or become employed by a certified public accountant in their tax department. The entrepreneur should be able to start an accounting and tax practice to work with many of the small businesses that need assistance in this area.