Location: Bethesda, MD
Practice areas: Federal income tax and international tax
Managing Director, CBIZ MHM National Tax Office
“CPAs want to do the right thing, but they also can become very emotionally invested in their clients’ success,” says Bill Smith. “This leads naturally to a conflict between acting ethically and bending the rules to help their clients and continue to be seen as a part of their clients’ team. As I teach our younger professionals about the pitfalls of this dilemma, I use a metaphor: There will be days when a client comes into your office with a wheelbarrow full of manure and upends it onto your desk. Never forget that the manure belongs to the client. Do not make it yours.” Smith has been a litigator at the Department of Justice’s Tax Division and spent several years working in the general counsel’s office at Deloitte.
QUICK TIP: “The wages of sin are death, but by the time taxes are taken out, it’s just sort of a tired feeling.” – Paula Poundstone
“For nearly a decade, I have worked with Bill regarding a number of companies. Bill has always made himself available and provided exceptional support and honest guidance. One such example is the guidance Bill provided regarding the structuring of multi-million dollar insurance transactions, which supported our business tremendously. Bill is perhaps the most trustworthy professional I have worked with, and I can always turn to him for honest advice.” – Marc Anolik, Managing Director, Reliant Re Insurance