Should I hire a CPA?

[Philip Olivier]

I make around $100k from full time job. 

I own two Short term Rental units

I own two long term rental units. 

I plan to continue to buy rental or commercial property. 

Should I hire a CPA, a bookkeeper, or just do that myself and visit the tax man once a year? I’m not a rich man but I’m trying not to be penny wise and dollar foolish. 

[Jim K.]

The answer is yes, yes, yes, a thousand times yes to a CPA. You want a full-service outfit that can grow with you. You do not want the cheapest tax returns in town. You do not want someone whom you can only talk to once a year.

My wife and I are most probably in the running for the most tightfisted penny-pinchers you have ever met and we have a full-service CPA.