1This statistic is from proprietary research designed and maintained by John C. Brooke since the mid-1980s. John started his CPA firm on 1 July 1979 after starting in 1975 with Peat, Marwick, Mitchell & Co., one of the Big-8 accounting firms of the time.
Over time and using the clients of his CPA firm, John developed a large database to answer three key questions: (1) Is the general assumption of entrepreneurs they pay too much in tax correct?, (2) If so, what is the approximate percent of entrepreneurs paying too much in taxes, and (3) For that percentage overpaying, are there broad-scale, common indicators to indicate why they are overpaying?
The answers to these questions took time and effort. By the mid-1980’s, John’s research developed these very supportable and defensible answers : (1) Yes, their general assumption is correct and correct on a large scale, (2) 85%+ of all entrepreneurs pay too much in tax, and (3) There are common indicators consistent across this 85%+ overpayment population. The 85%+ overpayment conclusion has remained constant since the mid-1980s through today.
Out of these answers, John built a mathematical-based Assessment that gathers information based on these broad-scale common indicators which can predictively estimate the amount of overpayment of tax. This free Assessment is contained on this website and no other authorized place.
Representations: Nothing in this website rises to the level of a representation.
Circular 230 Disclosure. The IRS requires us to advise you that any federal tax advice contained in this completion report for Designing For HOPE is not intended to be used and cannot be used for the purpose of avoiding penalties under the Internal Revenue Code, or for promoting, marketing or recommending to another party any transaction or matter addressed herein.
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