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A prospective client comes to you who is looking for a new accountant. He tells you that his current accountant prepares his income tax return

A prospective client comes to you who is looking for a new accountant. He tells you that his current accountant prepares his income tax return in March every year and then he doesnt come into his office until next year. What is the difference between tax preparation and tax planning? Why is tax planning important for all clients?

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