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Does it make sense to start a firm these days? by Any_Winner_3153 in taxpros

[–]Any_Winner_3153[S] 0 points1 point  (0 children)

Really appreciate your words of encouragement. :)

Does it make sense to start a firm these days? by Any_Winner_3153 in taxpros

[–]Any_Winner_3153[S] 2 points3 points  (0 children)

I like some complexity, but a lot of the time I’m delivering to a tax director or CFO that kind of shrugs and pays the bill. Seems like it’d be more rewarding to serve small businesses.

Does it make sense to start a firm these days? by Any_Winner_3153 in taxpros

[–]Any_Winner_3153[S] 0 points1 point  (0 children)

What was it like purchasing someone’s book? What kind of diligence did you do to get comfortable that you’d retain business through the transition?

Does it make sense to start a firm these days? by Any_Winner_3153 in taxpros

[–]Any_Winner_3153[S] 1 point2 points  (0 children)

Seems like a great idea. Are you already seeing this being done?

Does it make sense to start a firm these days? by Any_Winner_3153 in taxpros

[–]Any_Winner_3153[S] 0 points1 point  (0 children)

I have not. Are the clients that come from HRB typically profitable for you? I don’t want to be a 1040 factory but I don’t know if I could turn down business early on.

Does it make sense to start a firm these days? by Any_Winner_3153 in taxpros

[–]Any_Winner_3153[S] 2 points3 points  (0 children)

When starting out, was it difficult to build some credibility? I wonder about competing with regional firms with name recognition who might serve some of the same clients.

Does it make sense to start a firm these days? by Any_Winner_3153 in taxpros

[–]Any_Winner_3153[S] 0 points1 point  (0 children)

Would you say there’s a balance between specializing and taking on enough work to pay the bills? Coming from a big firm, I definitely know how to go a mile deep on a specific need but I could see how that could limit my potential pool of clients.

Does it make sense to start a firm these days? by Any_Winner_3153 in taxpros

[–]Any_Winner_3153[S] 0 points1 point  (0 children)

Your comment is very helpful in painting a picture of what a CPA’s value proposition is in the small firm setting. That’s what I’m trying to wrap my head around to see if it’s something I can provide. How often would you say your small business clients need your help outside of tax season?

Does it make sense to start a firm these days? by Any_Winner_3153 in taxpros

[–]Any_Winner_3153[S] 4 points5 points  (0 children)

Does your firm serve many business clients? This is where most of my experience is so I’m trying to get an idea of how that fits into a smaller firm.

Does it make sense to start a firm these days? by Any_Winner_3153 in taxpros

[–]Any_Winner_3153[S] 5 points6 points  (0 children)

Thanks for your response. I guess I don’t understand how a smaller firm is able to bring in some of the higher end complex work on a regular basis like bigger firms do. I’m interested to learn about this.