As the number of COVID-19 cases continues to climb, the tax practices of law and accounting firms worldwide have experienced a business downturn and restrictions that would have been unimaginable just a month ago.
Tax practitioners at several firms shared their thoughts with Tax Notes regarding what their shops are doing to adapt, and how they expect what is perhaps the most severe challenge to the profession during their lifetimes to play out. Some say that despite all the gloom and uncertainty, the crisis also presents opportunities for tax professionals.
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Hoke, W. (2020). Law and Accounting Firms vs. COVID-19. Tax Notes International, Apr. 13, 2020, pp. 248-250.