Practical Accountant - A practitioner of accounting who places a priority on practical considerations. There are many areas where this prioritization is advantageous for the client.

One area is using cost benefit analysis before providing services. An accountant using this method would employ it if he or she were asked to create an entity where the objective would be to save money by reducing taxes.

Cost benefit analysis could show that the cost in accounting and legal fees would be greater than the money saved by creating the entity. In this situation a practical accountant would not create the entity.

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