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CPA Advice
Posted on 4/22/22 at 10:45 am
Posted on 4/22/22 at 10:45 am
Have been filing my own taxes for the past several years but now looking to get a CPA in the BR area. Does anyone have any recommendations? Is there anything in particular to look for when choosing a CPA?
6
Posted on 4/22/22 at 10:50 am to Rob Perillo
Postlethwaite and Netterville are the biggest in the area.
Posted on 4/22/22 at 10:54 am to Rob Perillo
quote:
Is there anything in particular to look for when choosing a CPA?
What are you looking for? A return farm or a business advisor who you will get more time with? That and how much you want to pay are going to dictate your answer.
Posted on 4/22/22 at 11:00 am to Rob Perillo
Posted on 4/22/22 at 11:19 am to iAmBatman
quote:
Postlethwaite and Netterville are the biggest in the area.
I wouldn't recommend a large firm to the OP. Large firms are going to be more expensive and they usually have someone young do the taxes and have someone senior do a quick review. Nothing wrong with that, but not much different than an HR Block person realistically.
OP, I'd go with someone small and convenient for you. Just go in and talk to them. You want someone that sounds confident but is not cocky. You also want to consider your age and the CPA's age. If you are young and they are approaching retirement, you may be looking for someone new soon. If you are older you may not want a 24 year old doing your taxes.
Posted on 4/22/22 at 11:23 am to baldona
quote:
Large firms are going to be more expensive and they usually have someone young do the taxes and have someone senior do a quick review. Nothing wrong with that, but not much different than an HR Block person realistically.
Lol
Posted on 4/22/22 at 11:43 am to Rob Perillo
What's your income situation (not asking $$$, just how do you earn)?
Are you strictly W-2s with some passive side work - local shop
Running a business, K-1s, farm - a firm like P&N is probably your best bet
I'd have to differ to the tax guys on here for anywhere in the middle
Are you strictly W-2s with some passive side work - local shop
Running a business, K-1s, farm - a firm like P&N is probably your best bet
I'd have to differ to the tax guys on here for anywhere in the middle
Posted on 4/22/22 at 1:02 pm to Weekend Warrior79
Smaller guys have been much better than larger firms IMO. My guy who did my taxes since I was young retired and sold to a large, reputable firm. He was amazing and understood my business and finances incredibly well. He let me know where I could really get deductions, what and how much I could run through my business, etc.
Big firm was terrible. They just took numbers and put them on a paper, didn’t help at all. Went to another smaller person this past year and she’s been great.
Big firm was terrible. They just took numbers and put them on a paper, didn’t help at all. Went to another smaller person this past year and she’s been great.
Posted on 4/22/22 at 2:40 pm to nugget
quote:
Smaller guys have been much better than larger firms IMO.
In your case that could certainly be true. You have to remember that the firm has to make money too as well as being price concious for the client. I'm sure you could have had more face time or attention with more senior staff or partners, but are you willing to pay $600/hour for it?
Im not shitting on you or small firms or big firms. They are different models for a reason.
Glad you found someone you like.
Posted on 4/22/22 at 4:34 pm to Mingo Was His NameO
quote:
Large firms are going to be more expensive and they usually have someone young do the taxes and have someone senior do a quick review. Nothing wrong with that, but not much different than an HR Block person realistically.
Lol
Since you know all, tell me how I'm wrong? For a guy that's been doing his taxes himself, that's almost definitely the case. He's not going to get a senior member that's $500/ hour to do a fairly basic filing.
This post was edited on 4/22/22 at 4:35 pm
Posted on 4/22/22 at 4:44 pm to baldona
quote:
Since you know all, tell me how I'm wrong? For a guy that's been doing his taxes himself, that's almost definitely the case. He's not going to get a senior member that's $500/ hour to do a fairly basic filing.
If I need to explain the difference between a reputable CPA firm and HR Block to you, you may be the dumbest person alive
This post was edited on 4/22/22 at 4:45 pm
Posted on 4/22/22 at 6:09 pm to Mingo Was His NameO
quote:
If I need to explain the difference between a reputable CPA firm and HR Block to you, you may be the dumbest person alive
Ah, so I see you have never used a CPA before? This isn’t the OT bruh.
The truth and any good CPA will tell you this, is that if you have fairly basic to even moderate filings there’s no need for a CPA.
The IRS paid me back $1876 last year and I paid my CPA over $4k. Now that’s not normal, but it happens. So let’s not act like every CPA is going to save everyone $1000s every year.
Posted on 4/22/22 at 7:38 pm to baldona
quote:
Ah, so I see you have never used a CPA before?
Yes, I file my own taxes.
quote:
The truth and any good CPA will tell you this, is that if you have fairly basic to even moderate filings there’s no need for a CPA.
I never stated otherwise, what does that have to do with there being no difference between a CPA firm and Block?
quote:
The IRS paid me back $1876 last year and I paid my CPA over $4k
And...
Posted on 4/23/22 at 7:36 am to baldona
You may be the dumbest person on this site. The h&r block prepare is basically the equivalent of a cashier at the grocery. The junior accountant at a CPA firm will have a degree and most likely eligible to sit for the CPA exam. Huge difference. In addition, to determine if your CPA was worth the cost based on your refund amount is completely asinine.
Posted on 4/23/22 at 8:45 am to Weekend Warrior79
Have been doing my own since I started filing. Recently married and entered the rental property game so my situation is changing a bit. Really just want to make sure I’m claiming what I should and maximizing my return.
Posted on 4/23/22 at 6:18 pm to tigeralum06
quote:
You may be the dumbest person on this site. The h&r block prepare is basically the equivalent of a cashier at the grocery. The junior accountant at a CPA firm will have a degree and most likely eligible to sit for the CPA exam. Huge difference. In addition, to determine if your CPA was worth the cost based on your refund amount is completely asinine.
I look at complete retards like him as a bug light. Let him attract and send the type of clients that would actually heed his advice to H&R. No CPA worth anything close to a shite needs that kind of business.
Posted on 4/23/22 at 8:44 pm to tigeralum06
quote:
You may be the dumbest person on this site. The h&r block prepare is basically the equivalent of a cashier at the grocery. The junior accountant at a CPA firm will have a degree and most likely eligible to sit for the CPA exam. Huge difference. In addition, to determine if your CPA was worth the cost based on your refund amount is completely asinine.
So again, how much work with a CPA do you have? I see Mingo shut the frick up as he has 0.
Lot of guys act like they know wtf they are talking about but the truth fricking hurts.
Guess what else CPA’s don’t know, how to use public tax software or what all it does. They are all zoned into their companies software they are clueless to what’s out there and it’s accuracy.
Again, I have plenty of experience with CPA’s and I have a staff accountant for my business. Down vote me all you want, but I know wtf I’m talking about.
Basic filings like the OP is talking about is more than likely not worth a CPA. I’m just trying to help him out. The truth is the US tax code is complicated and there’s nothing to help make it simple. Pay a lot for a little help or manage yourself. Someone that does 10 filings a day like H&R Block probably knows just as much as a Junior book keeper at a CPA firm with little experience. No, if you think everyone touching tax filings at tax firms is a CPA then GTFO, because again you have 0 experience with CPA’s. Most of my accounting emails are with people without degrees. They are the ones asking for information and checking boxes.
This whole idea of “pay a professional it”ll save you tons” is an idealistic pipe dream. It’s not reality. CPA’s are worth it when you are talking about $50,000+ of taxes. $250k income or more. They may save you 5%, they also may cost more than they are worth for simple filings.
My CPA has helped a ton some years, has been a worthless hinderance other years. They are a consultant, anyone that says different is full of it.
Posted on 4/23/22 at 8:59 pm to baldona
quote:
Guess what else CPA’s don’t know, how to use public tax software or what all it does. They are all zoned into their companies software they are clueless to what’s out there and it’s accuracy.
15 years ago small CPA firm had great software that walked you through return and interpretive guidance was right click away.
If you are W2 with stocks mutual funds not sure much value in CPA.
Posted on 4/23/22 at 9:13 pm to baldona
quote:
Again, I have plenty of experience with CPA’s and I have a staff accountant for my business.
quote:
My CPA has helped a ton some years, has been a worthless hinderance other years.
You’ve picked the wrong CPA. Apparently more than once. I know this won’t stop you, but your opinion couldn’t be more off and you shouldn’t be advising people that truly need help.
Posted on 4/24/22 at 11:29 am to baldona
And had you read the thread an OPs responses in this thread, you would see that he is now entering a new venture w rental properties. It’s obvious he is looking for someone to give him tax advice and help him find ways to minimize future taxes. Tell me what H&R type service would be better setup up to will help w this over a CPA firm.
Once he’s set up, has everything in order, and comfortable moving forward without any further advice; then he can look into the generic return processors.
Once he’s set up, has everything in order, and comfortable moving forward without any further advice; then he can look into the generic return processors.
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