President Obama was in Scranton, Pennsylvania today to talk about the importance of extending the payroll tax cut for all working Americans and their families, and for the strength of the overall economy. These tax cuts will also have a tremendous impact on America's small businesses, 91.5 percent of which have fewer than 5 employees. The White House Business Council spoke to the owner of one such business in Knoxville, Tennessee who says the President's plan will help her business grow by freeing up her own capital, and that of her potential and existing clients as well.
The tax code and creativity are not commonly linked in the minds of most people. Not so for Jenny Hines, President of Hines and Company Accountants, located in Knoxville, Tennessee. “I was always interested in taxation not simply because of the planning and number crunching,” says Jenny, “but because that planning required a certain level of creativity.”
After graduating from the University of Tennessee with a Masters Degree in Taxation, Hines went to work for one of the largest CPA firms in the country. But after watching many of the firm’s small business clients unable to afford its services, she decided to strike out on her own. “There was an attitude at the large firm – and it certainly wasn’t everybody, but still – that was ‘How little work can we do, and still charge the client?’ People and their businesses were too often treated like commodities."
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