Wednesday, November 5, 2014

Phil Hodgen, the profit motive, arrogance and to overestimate oneself or just simply how for compliance vultures the business is still booming.......

The profit motive is an economic concept which posits that the ultimate goal of a business is to make money. Stated differently, the reason for a business’s existence is to turn a profit. The profit motive functions on the rational choice theory, or the theory that Phil Hodgen tend to pursue what is in his own best interest. Accordingly, businesses seek to benefit themselves and/or their owners by maximizing profits.
"You get what you pay for" is a well known phrase but readers of my blog know how much I despise the "liberal" overbilling practice by tax lawyers, CPAs,CFAs or financial planers.
In general I do like reading Phil Hodgen`s blog and his offer aka. webinar for people who are thinking of renouncing their U.S. citizenship as a noncovered expatriate is in principal a good idea but please take a look at the price tag...........
$1000 pre-paid for a 2 session event of 90min each with "limited attendance of 10 people". That would be over $333/hour (+11% price increase over the last webinar) but keep in mind shared with 9 other people ! Phils payday is a cool $10,000 for a total of 3hours (plus a little bit of bonus extra time) .

I can understand for "covered expatriates" to seek "professional" help or guidance but for noncovered expatriates  this is certainly not necessary for the average taxpayer.
If you are still feeling lucky and would like to sign up for Phils webinar - follow the link :
https://www.eventbrite.com/e/webinar-for-noncovered-expatriates-how-to-do-it-tickets-13760356597

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