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Date Created: 12/18/15
Prestige Wealth Accounting Group Announces Accountants Are Heavily Relied Upon by Millionaire Investors Prestige Wealth Accounting Group recently added a new Spectrum Group report to the news section on the newly re-designed website. According to the report, 70 percent of Millionaires surveyed by the company in March indicated that they rely on an accountant to prepare their tax returns properly. The research conducted by Spectrem’s Millionaire Corner also indicated that in 2013 and upcoming years, many Millionaires will need more assistance from a NJ accountant, due to the complexity involved in filing state tax returns properly by the tax filing deadline. Millionaires, with investable assets between $5 million and $25 million, which is 10 percent of the high net worth millionaire population, expect tax filing to be more difficult in the future. This is due to the tax increase set to take place in 2013 and beyond. High net worth investors name tax efficiency as one of their top investment criteria. These investors pursue tax-advantaged investment strategies more aggressively than less affluent investors. In another recent study conducted by Spectrem’s Millionaire Corner, millionaires rank accountants as the most trustworthy type of financial service provider. It is clear that high net worth millionaires express a high level of confidence with thNJ accountants who work for them each tax season. By dealing with many high net worth millionaires, Prestige Wealth Accounting Group delivers clients Proactive and personalized tax planning and preparation services. When it comes to the difference between a man and woman’s reliability on accountants, the study showed that women tend to rely on accountants more heavily than men do. Women business owners are more dependent on accountants than investors. A summary of the report, along with additional industry-related news, can be found on the Prestige Wealth Accounting Group website at http://www.prestigewag.com/millionaires-rely-heavily-on-trusted-accountants/. About the Company: Prestige Wealth Accounting Group is a premier accounting firm that is committed to integrity, knowledge and offering first-class service to their clients. The company specializesCPA services in New Jersey and has experience providing high-net-worth individuals with concepts and strategies to help them reduce their taxes and simplify their financial life. The company is dedicated to taking an active role in assisting people with the constantly changing tax laws. Visit http://www.prestigewag.com to view the redesigned website and learn more about what services the NJ accountant provides.