When we think of taxes, excitement is not usually the first reaction. In fact, most people dread doing taxes and think of accounting as extremely boring. However, taxation is actually one of the most dynamic, rapidly changing, and rewarding fields out there. Below are five reasons why taxes are better than any sport.
Change Happens Every Day
In the U.S. tax code alone, there have been more than 4,680 changes since 2001. That means about one change every day. In comparison, in 2012 the NFL had only two rule changes the entire year. The fast pace of changes to the U.S. tax code means that tax professionals truly have to be on top of their game.
This dynamic reality requires people who can constantly learn and adapt to new rules that are created to protect the interests of employers, clients, and the public at large. For many tax professionals, an online degree represents an excellent way to stay up to date and learn about tax changes from the best schools like Villanova University.
Protecting Millions of People Around the World
Believe it or not, tax and sports regulations have similar purposes. They give protections to the people who have a stake to win or lose. Though some sports’ rules are designed to protect large publics, most regulations focus on protecting the interests of a relatively small group of people at one time. In contrast, tax regulations offer constant protection for the financial resources of millions of people around the world.
A tax professional who does his or her job with integrity has the potential to protect the interests of millions of people. No matter how important the game, a referee’s call will not decide the future of millions of lives and opportunities.
You Might Get Money Back
Consider what it takes to go to any big sporting event. You have to pay for tickets, and you might have to travel long distances. Even if you are lucky enough to get free tickets and live near your favorite arena, once inside, you will still have to pay for expensive food, drinks, and souvenirs.
The cold reality is that it is very unlikely that you will go home with more money than you had before. In comparison, every year, taxes offer the possibility of coming out ahead.
A Year’s Worth of Suspense
Taxes give you a constant sense of anticipation mixed with anguish, which lasts an entire year. There is no sport in the world that keeps you in suspense for so long.
Everybody Still Wins
Whether or not you get a refund, you still get to enjoy the benefits of a functioning tax system, which provides the tools for governments to build and keep up the roads we use, fund the schools our children attend, support business and innovation, and invest in programs that benefit all taxpayers.
In contrast, when your sports team loses, that’s it. There are no more benefits in store for you (at least until the next time they play).
The next time you speak with your accountant or sit down to check your taxes, think about how exciting and rewarding what you are doing really is.
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Great analysis Dana!
A many many special thanks for sharing such an informative post.!
I need answer from you two question please. One is : Can you teach with a masters in accounting? And another is : Can I teach high school with a master’s degree?
Thanks in advance!
____Sharon Smith
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Hi Sharon,
There are no simple answers to your questions. Because there is a shortage of teachers in many locations, there can be special programs that would permit someone to teach without getting teacher’s credentials. It really depends on where and what you want to teach.
If you had known you wanted to teach, you would have gotten your Masters in Education with a minor in Accounting. Then you still typically need to get certified. Note that many high schools will not have enough accounting courses to have a full-time teacher who only teaches accounting.
More likely, they will have teachers who instruct in multiple business-related courses. If you like math, you may be able to teach some math courses in addition to accounting. And there are more likely to be special programs due to shortages of math teachers.
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Excellent post. I think if someone loves accounting then he/she will be giving it more importance to it then any sports. Accounting is totally different from any other subject because a user can love it while doing it and every time there is a different and new records in it. There will be a new puzzle to solve every time.
Even if you do accounting business and provide services to different businesses, you will find new and fascinating things every time when you handle their accounts.
Thanks for writing and giving motivation 🙂
Corine.
Nice article,the term Tax is not easy to understand.This article provide very useful information regarding tax and clear the term too.Thanks for sharing such informative article.
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Relying on a professional is the best thing you can do. You never want to risk leaving money on the table. Thanks so much for sharing!
Hi Davis,
This is very nice, informative and helpful article. Tax is very important issue in every country. Every year many money comes from tax and its win some other. In your post, you clear every thing.
Thanks for awesome post.
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Yes extremely agree With you,even benefits of tax accounting are countless.Tax accounting is one of one of the most important domains in the areas of finance. It is actually important that business in order to preserve a smooth functioning of their finances maintain an enough knowledge concerning the numerous tax return accountancy approaches that could select from relying on the nature as well as the size of their businesses. It is quite however all-natural that the businesses that are run in order to make revenues are under responsibility to pay the tax obligations to the federal government. There are numerous approaches of paying tax obligations that could be used in order to lower your taxes.
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Tax plays a vital role in society and I can easily understand why how much tax companies pay is debated so often. None of us like paying tax but it is essential for the provision of essential public services such as schools and hospitals as well as road and street lighting. The difficult part is getting the right balance between charging individuals and companies too much tax and too little tax. I’m yet to see many jurisdictions get this right.
The country where I live, they do not even bother to return “withholding tax”. It’s more like stealing money. And I am quite sure, tax money is more progressive for rulers than people.
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