cesarcesar wrote:I think possibly this is not completely true. shouldn't my CPA have a solid understanding of my business or type of (service, sales, product, manufacturing, etc) and location type (home, office, both).
I'm not a CPA nor a tax expert, but as a lay person, so to speak, I just can't see why it matters. I suppose someone with a lot of specific experience in your field would have some benefit; but basically money either comes in or it goes out. The money that goes out goes to materials, facilities, equipment, services, advertising, etc. Additionally, some equipment and other goods may qualify for depreciation costs. These are things that I would think any good tax accountant would know how to deal with.
If I identified two different accountants who have reasonably equivalent experience, good references, and impress me in person, but one of them has much more specific experience with people in the same business as myself; then I'm sure I'd prefer that one. However, I'd be much more interested in someone with good "ratings" in those general categories than someone more mediocre but a "specialist" in my field.
But that's just me, and it should in no way be construed as either legal or tax advice. 🙂
