Working as a Tax Practitioner: Accountants can work as Tax Practitioners or as Tax Consultants.

Responsiblity: The accountants will have to handle tax issues and compliance pertaining to the multiple clients. Also ensure the tax accounting and reporting along with timely tax payments are made as per the relevant tax regulations.

Ethical issue: The major issue, Tax Practitioners face is a conflict of interest. Tax Practitioners are licensed individuals who are overlooked by the tax authorities to safeguard and uphold the tax machinery as well as safeguard the interests of their clients. However often these Practitioners may face an ethical dilemmas between the personal benefits from the clients and meeting their professional objectives

Question. Tax Practitioners may face an ethical dilemmas between the personal benefits from the clients and meeting their professional objectives. Give an example of specific dilemma.