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Updated 4 months ago on . Most recent reply

User Stats

12
Posts
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Tiffani Hollis
  • Investor
  • Savannah GA, USA
9
Votes |
12
Posts

Hiring a CPA for the first time, what should I ask?

Tiffani Hollis
  • Investor
  • Savannah GA, USA
Posted

I'm the trustee for my family's trust which includes several rental properties and we plan to do more investing and development.

I am looking for a CPA/Tax Accountant in Georgia. I've never hired one before. What should I ask?

  • Tiffani Hollis
  • Most Popular Reply

    User Stats

    46
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    Replied

    Great move looking to hire a CPA! 

    When I first hired one, I asked if they had experience in real estate investing/ have clients who do it. A CPA who understands that will be night and day different than someone who doesn't (seems obvious, but its not ha!)

    Tax laws are different from State to State, but I have found my CPA to be worth every penny. You can ask rate, but typically a good one will be more expensive (as is with most things in life), and they will save you money in the long run. 

    I asked about knowledge on 1031 exchanges, accelerated depreciation, and LLC filing requirements when shopping around as well.

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