Years ago, a wise man said that the tax and accounting profession is counter-cyclical. The wise man was Rick Telberg, editor of Accounting Technology when it was a relative upstart and considered a rabble rouser. And there's every reason to think that this statement, made before Telberg left during the dot-com boom, is still valid. I'm not predicting a fun time ahead in the current economic climate. It's just that for the tax and account- ing profession, there are some potential revenue generators out there. Good times or bad, individuals and businesses still have to file tax returns. They need financial statements and when things go bad, they probably need advice from financial professionals more than ever.
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